4 unchanged sentences
Unregistered Sales of Shares
−Removed: Under the terms of Centerspace, LP’s Agreement of Limited Partnership, limited partners have the right to require Centerspace, LP to redeem their limited partnership Units any time following the first anniversary of the date they acquired such Units (“Exchange Right”).
+Added: Under the terms of Centerspace, LP’s Agreement of Limited Partnership, limited partners have the right to require Centerspace, LP to redeem their common limited partnership Units any time following the first anniversary of the date they acquired such Units (“Exchange Right”).
When a limited partner exercises the Exchange Right, we have the right, in our sole discretion, to redeem such Units by either making a cash payment or exchanging the Units for our common shares, on a one-for-one basis.
1 unchanged sentence
Centerspace, LP and some limited partners have contractually agreed to a holding period of greater than one year, a greater number of redemptions during a calendar year, or other modifications to their Exchange Right.
−Removed: On October 31, 2024 and December 31, 2024, we issued an aggregate of 8,648 and 120 unregistered common shares, respectively, to limited partners of Centerspace, LP upon exercise of their Exchange Rights for an equal number of Units.
+Added: On November 30, 2025, we issued an aggregate of 41,018 unregistered common shares to limited partners of Centerspace, LP upon exercise of their Exchange Rights for an equal number of Units.
All such issuances of our common shares were exempt from registration as private placements under Section 4(a)(2) of the Securities Act.
12 unchanged sentences
Total — $ — —
−Removed: (1) Includes Units redeemed for cash pursuant to the exercise of exchange rights.
−Removed: (2) Amount includes commissions paid.
−Removed: (3) On March 10, 2022, the board authorized a $50.0 million share repurchase program.
+Added: (1) Includes Units and Series D preferred units redeemed for cash pursuant to the exercise of exchange rights.
+Added: (2) Amount is based on market prices and includes commissions paid.
+Added: (3) Effective July 31, 2025, the board authorized a $100.0 million share repurchase program which expires on July 31, 2026.
Comparative Stock Performance
7 unchanged sentences
S&P 500 Index 100.00 128.71 105.40 133.10 166.40 196.16
−Removed: FTSE Nareit Equity REITs 100.00 92.00 131.78 99.67 113.35 123.25
+Added: FTSE Nareit Equity REITs Index
+Added: 100.00 143.24 108.34 123.21 133.97 137.83
FTSE Nareit Equity Apartments Index 100.00 163.61 111.34 117.87 142.02 129.86
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.