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CENTERSPACE ANNOUNCES 2024 DIVIDEND ALLOCATIONS

1. Centerspace announced 2024 tax treatment for common and preferred shares. 2. Common shares will distribute $0.730 to $0.750 quarterly in 2024. 3. Series C Preferred shares will distribute $0.4140625 quarterly in 2024. 4. Tax advice recommended for shareholders regarding Centerspace distributions. 5. Centerspace operates 71 apartment communities across several US states.

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FAQ

Why Bullish?

The dividend distributions indicate stable cash flow and profitability, boosting investor confidence, akin to successful dividend policies of REITs like Realty Income Corp.

How important is it?

The announcement of tax treatment and dividends reflects financial health which is significant for stock performance.

Why Short Term?

Immediate impact expected from announced dividends; however, long-term growth depends on market conditions, similar to other REITs' dividend adjustments.

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CSR
, /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2024 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their Centerspace distributions. SecurityDescription Record Date PayableDate CashDistribution Per Share Box 1aOrdinary TaxableDividend Box 1bQualifiedDividend(1) Box 2aLong-TermCapital Gain Box 2bUnrecapturedSec. 1250Gain (2) Box 3NondividendDistribution Box 5Section 199ADividend (1) Common Shares 12/29/23 01/12/24 $0.7300000 $0.3044544 $0.0000000 $0.0000000 $0.0000000 $0.4255456 $0.3044544 03/28/24  04/08/24 $0.7500000 $0.3127957 $0.0000000 $0.0000000 $0.0000000 $0.4372043 $0.3127957 CUSIP: 15202L107 06/28/24 07/10/24 $0.7500000 $0.3127957 $0.0000000 $0.0000000 $0.0000000 $0.4372043 $0.3127957 Symbol: CSR 09/30/24 10/10/24 $0.7500000 $0.3127957 $0.0000000 $0.0000000 $0.0000000 $0.4372043 $0.3127957 $2.9800000 $1.2428415 $0.0000000 $0.0000000 $0.0000000 $1.7371585 $1.2428415 SecurityDescription RecordDate PayableDate Cash Distribution Per Share Box 1aOrdinary Taxable Dividend Box 1bQualifiedDividend(1) Box 2aLong-TermCapital Gain Box 2bUnrecapturedSec. 1250Gain (2) Box 3NondividendDistribution Box 5 Section 199ADividend (1) Series C Preferred 03/15/24 03/28/24 $0.4140625 $0.4140625 $0.0000000 $0.0000000 $0.0000000 $0.0000000 $0.4140625 Shares 06/14/24 06/28/24 $0.4140625 $0.4140625 $0.0000000 $0.0000000 $0.0000000 $0.0000000 $0.4140625 CUSIP: 15202L206 09/16/24 09/30/24 $0.4140625 $0.4140625 $0.0000000 $0.0000000 $0.0000000 $0.0000000 $0.4140625 Symbol: CSR PRC $1.2421875 $1.2421875 $0.0000000 $0.0000000 $0.0000000 $0.0000000 $1.2421875 (1)   These amounts are a subset of, and included in, the amounts in Box 1a.(2)   These amounts are a subset of, and included in, the amounts in Box 2a. 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 71 apartment communities consisting of 13,012 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com. If you would like more information about this topic, please contact Josh Klaetsch, Investor Relations, at (952) 401-6600 or [email protected]. Contact InformationJosh Klaetsch, Investor RelationsPhone : (952) 401-6600E-mail : [email protected] SOURCE Centerspace WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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