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Centerspace Announces 2.8% Increase To Common Distributions For The 3rd Quarter Of Calendar Year 2021
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MINNEAPOLIS, Aug. 30, 2021 /PRNewswire/ -- NYSE: CSR. Centerspace announced today that the Board of Trustees has declared a regular quarterly distribution of $0.72 per share/unit, payable on October 11, 2021, to common shareholders and unitholders of record at the close of business on September 30, 2021. This represents a $0.02 increase over the prior distribution and the first increase in over 10 years. "The Board and Management are committed to responsible capital allocation; we are pleased to be positioned to grow our distribution after a five-year transition to a focused owner-operator of apartment homes," said Mark O. Decker Jr., President and CEO.
The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE: CSR PRC), payable on September 30, 2021, to holders of record at the close of business on September 15, 2021. Series C preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $1.65625 per share.
About Centerspace Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company currently owns 62 apartment communities consisting of 11,579 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
If you would like more information about this topic, please contact Emily Miller, Investor Relations, at (701) 837-7104 or IR@centerspacehomes.com.
at centerspace, it is our mission to provide a great home - for our residents, our team members, and our investors. #bettereverydays from denver, co to minneapolis, mn, and states between, centerspace continues to grow throughout the midwest, proudly providing apartment homes to thousands of residents. we believe in creating better every days by focusing on the small things we do that make each day brighter and more productive for the people around us. by committing ourselves to the highest levels of integrity and customer service, we create happy residents, foster personal accomplishment, develop team harmony, and pursue the opportunities that arise as we grow together.
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