{"schema_version":"secwatch.filing_event.v1","accession":"0000798359-23-000053","form_type":"8-K","ticker":"CSR","cik":"0000798359","company_name":"CENTERSPACE","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.258069+00:00","generated_at":"2026-06-16T05:45:01.429869+00:00","sec_items":["1.01","2.02","9.01","2.03"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Centerspace reports Q1 Core FFO $1.07, affirms guidance; issues $90M notes at 5.04%","bullets":["Net income $2.76/sh, Core FFO $1.07/sh (up from $0.98); same-store NOI +11% YoY.","Affirms 2023 Core FFO guidance; same-store revenue +10.5%, occupancy 94.8%.","Enters $90M promissory note at 5.04% fixed rate, due May 1, 2035, with State Farm Life Insurance.","Monthly payments of $485,342; prepayable after May 1, 2026 with premium; guaranteed by Centerspace."],"urls":{"canonical":"https://secwatch.observer/filing/0000798359-23-000053","json":"https://secwatch.observer/filing/0000798359-23-000053.json","markdown":"https://secwatch.observer/filing/0000798359-23-000053.md","text":"https://secwatch.observer/filing/0000798359-23-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/798359/000079835923000053/0000798359-23-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/798359/000079835923000053/iret-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:45:01.429869+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19a09ca45c8320573c34a34cdbbc5f13e3281328","claim":"CENTERSPACE incurred loan of $90,000,000 with State Farm Life Insurance Company at 5.04% per annum maturing May 1, 2035.","evidence_excerpt":"On April 26, 2023 CSR – PARKHOUSE, LLC (the “Borrower”), an indirect subsidiary of Centerspace (the“Company”) entered into a Promissory Note (the “Note”) under which the Borrower promises to pay State Farm Life Insurance Company (the “Lender”) the principal sum of $90,000,000 (“Principal”) together with interest on the unpaid Principal balance outstanding from the date of disbursement until paid at the rate of 5.04% per annum computed on the basis of a 360-day year.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/798359/000079835923000053/0000798359-23-000053-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$90,000,000"},{"label":"Counterparty","value":"State Farm Life Insurance Company"},{"label":"Rate","value":"5.04% per annum"},{"label":"Maturity","value":"May 1, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c89514c1b9eed86149d4d904a5d371a53eeab5d0","claim":"CENTERSPACE reported the three months ended March 31, 2023 results: net income Net income (loss) - diluted $ 2.76, EPS $ 2.76. Guidance reaffirmed.","evidence_excerpt":"The Company issued an earnings release on May 1, 2023, announcing certain financial and operational results for the three months ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/798359/000079835923000053/0000798359-23-000053-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Net income","value":"Net income (loss) - diluted $ 2.76"},{"label":"EPS","value":"$ 2.76"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"196fb9f63144e7099ba08ebe66a70e542b5f0de4","claim":"CENTERSPACE entered into Promissory Note with State Farm Life Insurance Company valued at $90,000,000 (effective 2023-04-26).","evidence_excerpt":"On April 26, 2023 CSR – PARKHOUSE, LLC (the “Borrower”), an indirect subsidiary of Centerspace (the“Company”) entered into a Promissory Note (the “Note”) under which the Borrower promises to pay State Farm Life Insurance Company (the “Lender”) the principal sum of $90,000,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/798359/000079835923000053/0000798359-23-000053-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"State Farm Life Insurance Company"},{"label":"Value","value":"$90,000,000"},{"label":"Effective","value":"2023-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}