secwatch / observer

CENTERSPACE — fact timeline

Source-grounded facts extracted from CENTERSPACE's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

CSR CENTERSPACE JSON
Shareholder Votes

CENTERSPACE shareholders approved Ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 at the 2026-05-13 meeting.

“Proposal 3 - Ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026.”
Shareholder Votes

CENTERSPACE shareholders approved Non-binding advisory resolution on executive compensation at the 2026-05-13 meeting.

“Proposal 2 - Non-binding advisory resolution on executive compensation.”
Shareholder Votes

CENTERSPACE shareholders approved Election of six nominees to serve on the Board of Trustees for a one-year term at the 2026-05-13 meeting.

“Proposal 1 - Election of six nominees to serve on the Board of Trustees for a one-year term and until their respective successors are duly elected and qualified.”
Earnings Releases

CENTERSPACE updated its the three months ended March 31, 2026 guidance (reaffirmed).

“Centerspace (the "Company") issued an earnings release on May 4, 2026, announcing certain financial and operational results for the three months ended March 31, 2026.”
Governance Changes

CENTERSPACE: Board approved updated Code of Conduct and Code of Ethics for Senior Financial Officers, including clarifying and non-substantive revisions (effective 2025-02-18).

“on February 18, 2025, the Board of Trustees of Centerspace (the “Company”) approved and adopted updated and revised versions of the Company’s (i) Code of Conduct (the “Code of Conduct”) and (ii) Code of Ethics for Senior Financial Officers (the “Financial Code of Ethics”).”

Jay Rosenberg was appointed as Trustee at CENTERSPACE.

“Effective July 8, 2024, the Board of Trustees (the “Board”) of Centerspace (the “Company”) appointed Jay Rosenberg as a Trustee.”
Earnings Releases

CENTERSPACE reported three months ended March 31, 2024 results: net income $(0.37). Guidance raised.

“Centerspace (the "Company") issued an earnings release on April 29, 2024, announcing certain financial and operational results for the three months ended March 31, 2024.”
Earnings Releases

CENTERSPACE reported the year ended December 31, 2023 results: net income $2.32 per diluted share, EPS $2.32 per diluted share. Guidance initiated.

“Centerspace (NYSE: CSR) announced today its financial and operating results for the year ended December 31, 2023.”

Ola Oyinsan Hixon was appointed as Trustee at CENTERSPACE.

“Effective January 23, 2024, the Board of Trustees (the “Board”) of Centerspace (the “Company”) appointed Ola Oyinsan Hixon as a Trustee.”
Material Agreements

CENTERSPACE amended First Amendment to Third Amended and Restated Credit Agreement with Bank of Montreal valued at Amendment replaced LIBOR with SOFR as benchmark rate; updated covenants; reset repurchase limit (effective 2023-05-31).

“Entry into a Material Definitive Agreement. Effective May 31, 2023, Centerspace, LP (the “Partnership”), an indirect subsidiary of Centerspace (the “Company”), entered into a First Amendment to Third Amended and Restated Credit Agreement (the “Amendment”), which amended the Third Amended and Restated Credit Agreement (the “Facility”), dated as of September 30, 2021, in the case of each of the Amendment and the Facility made by and among the Partnership, each of the guarantors and lenders from time to time party thereto, and Bank of Montreal, as administrative agent.”
Shareholder Votes

CENTERSPACE shareholders approved Ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-16 meeting.

“Proposal 4 - Ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023.”
Shareholder Votes

CENTERSPACE shareholders approved Non-binding advisory resolution for holding future advisory votes on executive compensation at the 2023-05-16 meeting.

“Proposal 3 - Non-binding advisory resolution for holding future advisory votes on executive compensation.”
Shareholder Votes

CENTERSPACE shareholders approved Non-binding advisory resolution on executive compensation at the 2023-05-16 meeting.

“Proposal 2 - Non-binding advisory resolution on executive compensation.”
Shareholder Votes

CENTERSPACE shareholders approved Election of seven nominees to serve on the Board of Trustees for a one-year term at the 2023-05-16 meeting.

“Proposal 1 - Election of seven nominees to serve on the Board of Trustees for a one-year term and until their respective successors are duly elected and qualified.”
Earnings Releases

CENTERSPACE reported the three months ended March 31, 2023 results: net income Net income (loss) - diluted $ 2.76, EPS $ 2.76. Guidance reaffirmed.

“The Company issued an earnings release on May 1, 2023, announcing certain financial and operational results for the three months ended March 31, 2023.”
Debt Financings

CENTERSPACE incurred loan of $90,000,000 with State Farm Life Insurance Company at 5.04% per annum maturing May 1, 2035.

“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.”
Material Agreements

CENTERSPACE entered into Promissory Note with State Farm Life Insurance Company valued at $90,000,000 (effective 2023-04-26).

“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”

Anne Olson was appointed as Trustee at CENTERSPACE.

“The Board also approved Ms. Olson’s appointment to serve as a Trustee on the Company’s Board, effective as of March 31, 2023.”

Anne Olson was appointed as President and Chief Executive Officer at CENTERSPACE.

“On March 23, 2023, the Board of Trustees (the “Board”) of Centerspace, a North Dakota real estate investment trust (the “Company”), approved the appointment of Anne Olson to serve as President and Chief Executive Officer of the Company, effective March 31, 2023.”
Earnings Releases

CENTERSPACE reported the year ended December 31, 2022 results: EPS Net loss per share - diluted $ (1.35).

“Centerspace (the "Company") issued an earnings release on February 21, 2023, announcing certain financial and operational results for the year ended December 31, 2022.”
Debt Financings

CENTERSPACE incurred term loan of $100,000,000 with PNC Bank, National Association (as administrative agent) and other lenders at SOFR plus applicable margin based on leverage ratio: 1.200%-1.750% for SOFR loan maturing 364 days from November 22, 2022, with one optional 364-day extension.

“The Agreement is effective November 22, 2022 and provides the Partnership with a $100,000,000 senior unsecured term loan (the “Credit Facility”). The Credit Facility terminates 364 days following the effective date of the Agreement, but may be extended, subject to certain conditions, for one additional 364-day term.”
Material Agreements

CENTERSPACE entered into Term Loan Agreement valued at $100,000,000 (effective 2022-11-22).

“On November 22, 2022 Centerspace, LP (the “Partnership”) entered into a Term Loan Agreement (the “Agreement”). The Partner and Centerspace (the “Company”), Centerspace, Inc.”
Earnings Releases

CENTERSPACE reported the nine months ended September 30, 2022 results: EPS $ (1.11).

“Three Months Ended September 30, Nine Months Ended September 30, Per Common Share 2022 2021 2022 2021 Net income (loss) - diluted $ (0.14) $ (0.79) $ (1.11) $ 0.12”
Earnings Releases

CENTERSPACE reported the three months ended September 30, 2022 results: EPS $ (0.14).

“Three Months Ended September 30, Nine Months Ended September 30, Per Common Share 2022 2021 2022 2021 Net income (loss) - diluted $ (0.14) $ (0.79) $ (1.11) $ 0.12”

Jeff Caira changed role as Chair at CENTERSPACE.

“Mr. Caira will cease as Chair, but will continue to serve as a Trustee.”

John Schissel was appointed as Chair of the Board at CENTERSPACE.

“Also effective January 18, 2022, the Board appointed John Schissel, a current Trustee, as the Chair of the Board to succeed Jeff Caira, the current Chair.”

Rodney Jones-Tyson was appointed as Trustee at CENTERSPACE.

“Jones-Tyson as a Trustee.”

John A. Kirchmann changed role as Executive Vice President at CENTERSPACE.

“He will continue with the Company as an Executive Vice President.”

Bhairav Patel was appointed as Chief Financial Officer at CENTERSPACE.

“On January 10, 2022, Bhairav Patel was appointed to serve as the Chief Financial Officer of the Company effective immediately.”

John A. Kirchmann departed as Executive Vice President and Chief Financial Officer at CENTERSPACE.

“Also on November 5, 2021, the Company and John A. Kirchmann, Executive Vice President and Chief Financial Officer of the Company, reached a mutual agreement for Mr. Kirchmann to be separated from his positions at the Company.”

Bhairav Patel was appointed as Executive Vice President and Chief Financial Officer at CENTERSPACE.

“On November 5, 2021, Bhairav Patel was appointed to serve as the Executive Vice President and Chief Financial Officer of Centerspace”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.