Welcome to our dedicated page for Centerspace SEC filings (Ticker: CSR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Centerspace filings document the formal disclosure record for a multifamily REIT that owns and operates apartment communities in the Midwest and Mountain West. Its 8-K reports furnish earnings releases and investor presentations covering FFO, Core FFO, same-store revenue and NOI, occupancy, lease-rate growth, resident retention, capitalization, and portfolio operations.
Proxy and governance filings cover annual meeting matters, trustee elections, committee service, executive compensation, pay-versus-performance data, shareholder voting, and Board of Trustees changes. The filing record also includes Regulation FD presentations, distribution-related disclosures, and risk language tied to real estate operations and forward-looking financial outlooks.
Centerspace director Emily Nagle Green reported an equity compensation-related transaction involving restricted stock units. On 2026-06-01, she exercised 1,446 restricted stock units at $0.00 per unit, receiving 1,446 common shares of beneficial interest. After this exercise, she directly holds 8,568 common shares. The filing also notes an additional 454.198 common shares held indirectly through her spouse, and a footnote explains that 16 of the reported shares were acquired under Centerspace’s dividend reinvestment program.
Centerspace director John A. Schissel exercised restricted stock units into common shares. On June 1, 2026, he converted 2,297 restricted stock units into 2,297 Common Shares of Beneficial Interest at an exercise price of $0 per share. After this transaction, he directly holds 16,695 common shares and no remaining restricted stock units.
Centerspace director Mary J. Twinem exercised restricted stock units into common shares. On 2026-06-01, 1,446 restricted stock units converted into 1,446 Common Shares of Beneficial Interest at a stated price of $0.00 per share, reflecting equity compensation rather than an open‑market purchase.
After this derivative exercise, Twinem directly holds 11,566 common shares. The related restricted stock unit award is now fully settled, with no remaining derivative position reported in this filing.
Centerspace director Jay L. Rosenberg exercised 1,446 restricted stock units into common shares of beneficial interest. These RSUs converted on a one-for-one basis into common shares at no cash exercise price. Following the transaction, he directly holds 2,587 common shares of beneficial interest.
Centerspace director Rodney Jones-Tyson exercised equity awards, increasing his direct shareholdings. On June 1, 2026, 1,446 Restricted Stock Units converted into 1,446 Common Shares of Beneficial Interest at a stated price of $0.00 per unit.
Following this derivative exercise, Jones-Tyson directly holds 6,177 Common Shares of Beneficial Interest. The transaction reflects routine equity compensation vesting rather than an open‑market purchase or sale, and no remaining Restricted Stock Units are shown after this conversion.
Centerspace director Hixon Ola Oyinsan reported an exercise of equity awards that converted 1,446 Restricted Stock Units into an equal number of Common Shares of Beneficial Interest. These RSUs represented a contingent right to receive one common share each when they vested.
Following this non-cash derivative exercise, Oyinsan now directly holds 3,193 Common Shares of Beneficial Interest. The filing shows an exercise and conversion of RSUs rather than an open-market purchase or sale of Centerspace shares.
Centerspace has completed a strategic review and approved a portfolio optimization and deleveraging plan built around approximately $240–245 million of apartment community sales in 2026. The plan covers twelve communities, including a full exit from the Bismarck and Rapid City markets and one Denver property, all currently under contract.
The company expects these dispositions to reduce total debt by $175–190 million, improve pro forma Net Debt to EBITDA from 8.2x in Q1 2026 to a sub‑7x level, and support potential special distributions of $45–65 million to shareholders and unitholders. Centerspace also declared a regular quarterly distribution of $0.77 per share/unit, payable July 14, 2026 to holders of record on June 29, 2026.
Recent non‑GAAP metrics highlight the current leverage profile. For the three months ended March 31, 2026, Net Operating Income was $39.5 million, Adjusted EBITDA was $31.6 million (annualized to $126.5 million), total debt was about $1.05 billion, and Net Debt to Adjusted EBITDA stood at 8.2x.
Centerspace reported the results of its 2026 Annual Meeting of Shareholders. Investors elected six trustees for one-year terms, including Anne Olson and John A. Schissel, and supported all management proposals. Shareholders approved the non-binding advisory vote on executive compensation and ratified Grant Thornton LLP as independent auditor for 2026.
The meeting had strong participation, with 14,981,013 common shares present or represented by proxy out of 16,785,899 shares outstanding as of the March 20, 2026 record date, representing approximately 89.24% of eligible shares.
Schissel John A reported acquisition or exercise transactions in this Form 4 filing.
Centerspace director John A. Schissel received a grant of 2,124 restricted stock units (RSUs). These RSUs represent a contingent right to receive an equal number of Centerspace common shares of beneficial interest, vesting on May 13, 2027. After this compensation-related award, Schissel’s directly held RSU balance reported in this filing is 2,124 units.
CENTERSPACE director Ola Oyinsan received a grant of 1,337 restricted stock units (RSUs) on May 13, 2026. These RSUs are a contingent right to receive an equal number of common shares of beneficial interest, scheduled to vest on May 13, 2027.
Following this compensation-related award, Oyinsan is reported as holding 1,337 RSUs directly, with no exercise price and no open‑market buying or selling involved. The award reflects standard equity-based director compensation rather than a discretionary market transaction.