CENTERSPACE ANNOUNCES CHANGE TO BOARD OF TRUSTEES

Rhea-AI Summary

Centerspace (NYSE: CSR) announced that trustee Emily Nagle Green will retire effective upon the expiration of her annual term at the conclusion of the 2026 Annual Meeting on May 13, 2026. She has served as a trustee since 2018 and will also step down as chair of the Nominating and Governance Committee and as a member of the Audit Committee.

Management thanked Green for her leadership and innovation contributions. Centerspace owns 61 apartment communities totaling 12,262 homes across seven states.

Positive

• Orderly transition announced with effective date May 13, 2026
• Trustee tenure of 8 years since 2018 provides continuity

Negative

• Loss of the Nominating and Governance Committee chair role
• Audit Committee member departure could affect governance workload

Key Figures

Annual meeting date: May 13, 2026 Communities owned: 61 apartment communities Homes owned: 12,262 homes +2 more

5 metrics

Annual meeting date May 13, 2026 Date of 2026 Annual Meeting when trustee term ends

Communities owned 61 apartment communities Centerspace portfolio size mentioned in company description

Homes owned 12,262 homes Total homes across Centerspace’s communities

Founding year 1970 Year Centerspace was founded

Top workplace streak 6 consecutive years Named a top workplace through 2025 by Minnesota Star Tribune

Market Reality Check

Price: $62.63 Vol: Volume 58,278 is at 0.48x...

low vol

$62.63 Last Close

Volume Volume 58,278 is at 0.48x the 20-day average, indicating below-normal trading activity. low

Technical Shares at $61.61 are trading slightly above the 200-day MA of $61.49 and about 10.9% below the 52-week high.

Peers on Argus

CSR declined 1.53% while close peers showed mixed moves (e.g., AIV -0.94%, UMH +...

CSR declined 1.53% while close peers showed mixed moves (e.g., AIV -0.94%, UMH +0.81%, ELME +0.47%). No peers appeared in the momentum scanner, suggesting the move was more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Feb 17 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 17	Earnings and outlook	Positive	+1.0%	Reported 2025 results and 2026 guidance with higher net income and Core FFO.
Jan 27	Earnings date notice	Neutral	-0.6%	Announced timing and access details for Q4 and full-year 2025 earnings release.
Jan 22	Dividend tax details	Neutral	-1.1%	Disclosed 2025 Form 1099-DIV tax treatment for common share distributions.
Dec 01	Quarterly dividend	Positive	-0.4%	Declared regular quarterly dividend of $0.77 per share/unit for early 2026.
Nov 11	Strategic review	Positive	+1.1%	Confirmed Board review of strategic alternatives including potential transactions.

Pattern Detected

Recent CSR news has generally seen modest price moves, with earnings and strategic review headlines drawing small positive reactions and dividends/dividend tax details drawing slight declines.

Recent Company History

Over the past several months, Centerspace has focused on earnings, capital returns, and strategic review activity. On Feb 17, 2026, it reported improved 2025 results and 2026 guidance, with shares up modestly. Dividend-related announcements in late 2025 and early 2026 saw small price declines. A Nov 11, 2025 confirmation of a strategic alternatives review coincided with a mild gain. Today’s board retirement update fits within this sequence of governance and capital allocation developments.

Market Pulse Summary

This announcement details the planned retirement of a long-serving trustee and committee chair at th...

Analysis

This announcement details the planned retirement of a long-serving trustee and committee chair at the May 13, 2026 annual meeting. It underscores Centerspace’s emphasis on governance, technology oversight, and cybersecurity as described by management. In context of recent earnings, strategic review disclosures, and stable operations across 61 communities and 12,262 homes, investors may watch for future board composition and governance updates as the review process continues.

Key Terms

forward-looking statements, form 10-k, form 10-q, management's discussion and analysis of financial condition and results of operations

4 terms

forward-looking statements regulatory

"Certain statements in this press release are based on the Company's current expectations and assumptions and are "forward-looking statements""

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

form 10-k regulatory

"contained in the Company's Annual Report on Form 10-K, in quarterly reports on Form 10-Q"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

form 10-q regulatory

"contained in the Company's Annual Report on Form 10-K, in quarterly reports on Form 10-Q"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

management's discussion and analysis of financial condition and results of operations financial

"including the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors""

A narrative section of a company's financial filing where executives explain the numbers, highlight what drove revenue, profit and cash flow changes, discuss risks and liquidity, and outline future outlook and plans. Think of it as management’s walkthrough of the company’s report card that adds context, explanations and judgments behind the raw figures — information investors use to assess quality of results, the likelihood of future performance, and the credibility of management’s guidance.

AI-generated analysis. Not financial advice.

MINNEAPOLIS, March 11, 2026 /PRNewswire/ -- Centerspace (NYSE: CSR) (the "Company") announced today that Emily Nagle Green, a member of the Company's Board of Trustees, will retire as a trustee, chair of the Nominating and Governance Committee, and member of the Audit Committee effective upon the expiration of her annual term at the conclusion of the 2026 Annual Meeting of Shareholders to be held on May 13, 2026.

Emily has served as a trustee of the Company since 2018. She is a three-time CEO in the technology sector who has focused her career on innovative products and services for consumers. Currently, she is an independent director for Casella Waste Systems (NASD: CWST), where she chairs the Nominating and ESG committee; she also teaches entrepreneurship at MIT's Sloan School of Management and chairs the board of an education non-profit called UP Education Network.

"We appreciate the many contributions Emily has made since her appointment to the Centerspace Board of Trustees," commented Board Chair John Schissel. "Her steady leadership and commitment to the highest standards of governance strengthened the board and elevated the organization."

President and Chief Executive Officer Anne Olson said, "With her extensive technology background, Emily has been instrumental in driving innovation at Centerspace and helping the Company navigate the ever-changing landscape of technology and cybersecurity. We are truly thankful for her insight and guidance."

Forward Looking Statements
Certain statements in this press release are based on the Company's current expectations and assumptions and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements do not discuss historical fact, but instead include statements related to expectations, projections, intentions, or other items related to the future. Forward-looking statements are typically identified by the use of terms such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," "assumes," "may," "projects," "outlook," "future," and variations of such words and similar expressions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements to be materially different from the results of operations, financial conditions, or plans expressed or implied by the forward-looking statements. Although the Company believes the expectations reflected in its forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be achieved. Any statements contained herein that are not statements of historical fact should be deemed forward-looking statements. As a result, reliance should not be placed on these forward-looking statements, as these statements are subject to known and unknown risks, uncertainties, and other factors beyond the Company's control and could differ materially from actual results and performance. Such risks and uncertainties are detailed from time to time in filings with the Securities and Exchange Commission ("SEC"), including the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" contained in the Company's Annual Report on Form 10-K, in quarterly reports on Form 10-Q, and in other reports the Company files with the SEC from time to time. The Company assumes no obligation to update or supplement forward-looking statements that become untrue due to subsequent events.

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 61 apartment communities consisting of 12,262 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. Centerspace was named a top workplace for the sixth consecutive year in 2025 by the Minnesota Star Tribune. For more information, please visit www.centerspacehomes.com.

If you would like more information about this topic, please contact Josh Klaetsch, Director of Investor Relations, at (952) 401-6600, or IR@centerspacehomes.com.

Contact Information
Josh Klaetsch
Phone: (952) 401-6600
Email: IR@centerspacehomes.com

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SOURCE Centerspace

FAQ

When will Centerspace (CSR) trustee Emily Nagle Green officially retire?

Emily Nagle Green will retire effective upon her term's expiration at the Annual Meeting on May 13, 2026. According to the company, her retirement coincides with the conclusion of the 2026 Annual Meeting and her annual term.

What roles will Emily Nagle Green leave at Centerspace (CSR) upon retirement?

She will step down as a trustee, chair of the Nominating and Governance Committee, and as a member of the Audit Committee. According to the company, those changes take effect when her annual term expires at the 2026 Annual Meeting.

How long has Emily Nagle Green served on the Centerspace (CSR) board?

Emily Nagle Green has served as a trustee since 2018, totaling eight years on the board. According to the company, her tenure included leadership roles and committee responsibilities.

What immediate governance impact does Emily Nagle Green's retirement have on CSR?

Her retirement creates vacancies in the Nominating and Governance and Audit Committees that the board must fill. According to the company, the board acknowledged her contributions and will manage committee responsibilities going forward.

Who commented on Emily Nagle Green's retirement at Centerspace (CSR)?

Board Chair John Schissel and CEO Anne Olson issued statements thanking her for service and leadership. According to the company, both highlighted her governance and technology contributions to Centerspace.