secwatch.observer — SEC 8-K summary
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Issuer:     CENTERSPACE (CSR)
CIK:        0000798359
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000798359-23-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.02, 9.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Centerspace reports Q1 Core FFO $1.07, affirms guidance; issues $90M notes at 5.04%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798359/000079835923000053/0000798359-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798359/000079835923000053/iret-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000798359-23-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer