ADDED
The number of common shares of beneficial interest outstanding as of February 10, 2026, was 16,774,337 .
The following factors, among others, including without limitation the risk factors set forth in Item 1A, Risk Factors, could cause our future results to differ materially from those expressed in the forward-looking statements: inflation and price volatility in the global economy; uncertain global macro-economic and political conditions, the impact of actual or threatened wars or other international conflicts, such as in Ukraine, the Middle East, and South America, including sanctions imposed by the U.S.
Readers should carefully review our financial statements and the notes thereto, as well as the section entitled Risk Factors in Item 1A of this Report and the other documents we file from time to time with the SEC.
Paul, Denver, Boulder/Fort Collins, and Salt Lake City metropolitan areas.
As of December 31, 2025, we owned 61 apartment communities, containing 12,262 homes and having a total real estate investment amount, net of accumulated depreciation, of $1.9 billion.
The sole general partner of Centerspace, LP is Centerspace, Inc., a North Dakota corporation and our wholly owned subsidiary.
We regularly issue distributions to our shareholders and Unitholders.
At-the-Market Offering Program We have entered into an equity distribution agreement in connection with an at-the-market offering program ( ATM Program ) through which we may offer and sell common shares in amounts and at times determined by management.
The maximum aggregate offering price of common shares available for offer and sale under the ATM Program is $500.0 million.
There were no sales of common shares under the ATM Program during the year ended December 31, 2025.
REMOVED
The number of common shares of beneficial interest outstanding as of February 11, 2025, was 16,726,594 .
Readers should carefully review our financial statements and the notes thereto, as well as the section entitled Risk Factors in Item 1A of this Report and the other documents we file from time to time with the Securities and Exchange Commission ( SEC ).
As of December 31, 2024, we owned interests in 71 apartment communities, containing 13,012 homes and having a total real estate investment amount, net of accumulated depreciation, of $1.9 billion.
STRUCTURE We were organized under the laws of North Dakota on July 31, 1970 and have operated as a REIT under Sections 856-858 of the Internal Revenue Code of 1986, as amended (the Code ), since our formation.
We regularly issue dividends to our shareholders and Unitholders.
At-the-Market Offering Program We have an equity distribution agreement in connection with an at-the-market offering program ( ATM Program ).
On September 9, 2024 we amended our equity distribution agreement to increase the maximum aggregate offering price of common shares available for offer and sale thereunder from $250.0 million to $500.0 million, in amounts and at times determined by management.
Redemption of Series C Preferred Shares On August 30, 2024, we delivered notice to holders of our Series C preferred shares that we intended to redeem all 3.9 million Series C preferred shares at a redemption price equal to $25 per share plus any accrued but unpaid distributions per share up to and including the redemption date of September 30, 2024.
Such shares were no longer outstanding as of December 31, 2024.
Series C preferred shares outstanding were 3.9 million at December 31, 2023.