Centerspace Management

Management criteria checks 3/4

Centerspace's CEO is Anne Olson, appointed in Apr 2017, has a tenure of 7.08 years. total yearly compensation is $2.21M, comprised of 19.6% salary and 80.4% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $1.13M. The average tenure of the management team and the board of directors is 6.4 years and 6.3 years respectively.

Key information

Anne Olson

Chief executive officer

US$2.2m

Total compensation

CEO salary percentage	19.6%
CEO tenure	7.1yrs
CEO ownership	0.1%
Management average tenure	6.4yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

Centerspace: A Value Buy In The Multifamily Space

Jan 27

Centerspace: Viewed Neutrally Despite Positive Developments And Forward Guidance

Nov 06

CEO Compensation Analysis

How has Anne Olson's remuneration changed compared to Centerspace's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$13m
Dec 31 2023	US$2m	US$432k	US$35m
Sep 30 2023	n/a	n/a	US$41m
Jun 30 2023	n/a	n/a	US$33m
Mar 31 2023	n/a	n/a	US$32m
Dec 31 2022	US$1m	US$380k	-US$21m
Sep 30 2022	n/a	n/a	-US$26m
Jun 30 2022	n/a	n/a	-US$35m
Mar 31 2022	n/a	n/a	-US$10m
Dec 31 2021	US$1m	US$360k	-US$6m
Sep 30 2021	n/a	n/a	-US$4m
Jun 30 2021	n/a	n/a	US$25m
Mar 31 2021	n/a	n/a	US$175k
Dec 31 2020	US$1m	US$360k	-US$2m
Sep 30 2020	n/a	n/a	US$51m
Jun 30 2020	n/a	n/a	US$63m
Mar 31 2020	n/a	n/a	US$70m
Dec 31 2019	US$1m	US$360k	US$72m
Sep 30 2019	n/a	n/a	US$41m
Jun 30 2019	n/a	n/a	US$12m
Mar 31 2019	n/a	n/a	-US$12m
Dec 31 2018	US$929k	US$238k	-US$14m

Compensation vs Market: Anne's total compensation ($USD2.21M) is below average for companies of similar size in the US market ($USD3.42M).

Compensation vs Earnings: Anne's compensation has increased whilst the company is unprofitable.

CEO

Anne Olson (46 yo)

7.1yrs

Tenure

US$2,209,687

Compensation

Ms. Anne M. Olson, Esq., has been President, Chief Executive Officer and Executive Trustee of Centerspace since March 31, 2023 and its Secretary since April 30, 2017. She serves as Independent Director of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anne Olson	President	7.1yrs	US$2.21m	0.11% $ 1.1m
Bhairav Patel	Executive VP & CFO	2.3yrs	US$1.61m	0.0080% $ 84.6k
Joe McComish	Vice President of Finance and Investor Relations	no data	no data	no data
Michelle Saari	Vice President of Marketing & Communications	24.7yrs	no data	no data
Karin Wentz	Senior VP & Associate General Counsel	17.3yrs	no data	no data
Grant Campbell	Senior Vice President of Investments	5.9yrs	no data	no data
Julie Letner	Senior Vice President of Talent & Culture	5.8yrs	no data	no data
Jean Denn	Senior Vice President of Operations	5.3yrs	no data	no data
Susan Picotte	Vice President of Asset Management	6.9yrs	no data	no data
Emily Miller	Investor Relations	no data	no data	no data

6.4yrs

Average Tenure

46yo

Average Age

Experienced Management: CSR's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anne Olson	President	1.2yrs	US$2.21m	0.11% $ 1.1m
Rodney Tyson	Independent Trustee	2.3yrs	US$138.09k	0.023% $ 243.7k
Linda J. Keller	Independent Trustee	12.7yrs	US$147.49k	0.076% $ 808.2k
Emily Nagle Green	Independent Trustee	6.3yrs	US$143.73k	0.053% $ 560.6k
Mary Twinem	Independent Trustee	6.3yrs	US$147.79k	0.059% $ 627.2k
John Schissel	Independent Chair of the Board	8.1yrs	US$229.65k	0.079% $ 841.3k
Jeffrey Caira	Independent Trustee	8.9yrs	US$147.79k	0.14% $ 1.4m
Bob Levine	Non-Voting Board Oserver	2.3yrs	no data	no data
Ola Hixon	Independent Trustee	less than a year	no data	0.0030% $ 31.4k

6.3yrs

Average Tenure

62yo

Average Age

Experienced Board: CSR's board of directors are considered experienced (6.3 years average tenure).

Centerspace Management

Management criteria checks 3/4

Key information

Recent management updates

Centerspace, Annual General Meeting, May 20, 2024

Centerspace Appoints Ola Oyinsan Hixon to Board of Trustees

Trustee recently bought US$59k worth of stock

Trustee recently bought US$53k worth of stock

Independent Trustee recently bought US$50k worth of stock

Independent Trustee recently bought US$82k worth of stock

Recent updates

New major risk - Revenue and earnings growth

First quarter 2024 earnings: EPS misses analyst expectations

Consensus EPS estimates upgraded to US$0.88 loss

Centerspace, Annual General Meeting, May 20, 2024

Centerspace to Report Q1, 2024 Results on Apr 29, 2024

Upcoming dividend of US$0.75 per share

Consensus EPS estimates fall by 33%

Consensus EPS estimates fall by 588%

Fourth quarter dividend increased to US$0.75

Full year 2023 earnings: EPS misses analyst expectations

Centerspace Provides Earnings Guidance for the Year 2024

Centerspace Provides Earnings Guidance for the Year 2024

Centerspace: A Value Buy In The Multifamily Space

Centerspace Appoints Ola Oyinsan Hixon to Board of Trustees

Centerspace to Report Fiscal Year 2023 Results on Feb 20, 2024

Upcoming dividend of US$0.73 per share at 5.1% yield

Centerspace Announces Declares Regular Quarterly Distribution, Payable on January 12, 2024

Consensus EPS estimates fall by 10%

Consensus EPS estimates increase by 32%

Price target decreased by 7.0% to US$62.75

Centerspace: Viewed Neutrally Despite Positive Developments And Forward Guidance

An unknown buyer acquired Four non-core apartment communities and associated commercial space in Minot from Centerspace (NYSE:CSR) for $82.5 million.

Third quarter 2023 earnings: EPS exceeds analyst expectations

Centerspace (NYSE:CSR) acquired Lake Vista Apartment Homes in Loveland, CO for $94.5 million.

Centerspace to Report Q3, 2023 Results on Oct 30, 2023

Upcoming dividend of US$0.73 per share at 5.8% yield

Centerspace Declares Regular Quarterly Distribution, Payable on October 10, 2023

Centerspace: Improving Debt Position, Shares Fairly Valued

Consensus EPS estimates fall by 29%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Centerspace to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$0.73 per share at 4.8% yield

Centerspace Announces Regular Quarterly Dividend, Payable on July 10, 2023

Centerspace: Rental Growth Will Fuel Growth In 2023 And Beyond

Trustee recently bought US$59k worth of stock

First quarter 2023 earnings: EPS exceeds analyst expectations

No longer forecast to breakeven

Trustee recently bought US$53k worth of stock

Price target decreased by 8.3% to US$66.43

Forecast to breakeven in 2023

Forecast to breakeven in 2024

Centerspace FFO of $1.17 misses by $0.01, revenue of $67.85M beats by $0.87M

Now 21% undervalued

Centerspace to Report Q4, 2022 Results on Feb 21, 2023

Upcoming dividend of US$0.73 per share

Centerspace Declares Regular Quarterly Distribution, Payable on January 12, 2023

Consensus forecasts updated

Price target decreased to US$78.43

Third quarter 2022 earnings: Revenues exceed analyst expectations

Centerspace Revises Earnings Guidance for the Year 2022

Centerspace FFO of $1.13 misses by $0.04, revenue of $65.44M beats by $0.87M

Centerspace to Report Q3, 2022 Results on Oct 31, 2022

Upcoming dividend of US$0.73 per share

Centerspace Announces Quarterly Dividend, Payable on October 11, 2022

Centerspace Declares Regular Quarterly Distribution, Payable on October 10, 2022

Centerspace declares $0.73 dividend

Centerspace: The Mountains Are Calling This Multifamily REIT

Consensus forecasts updated

Consensus estimates of losses per share improve by 87%

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Centerspace Provides Earnings Guidance for the Year of 2022

Centerspace Q2 FFO, revenue beats, FY22 FFO guidance raised

Centerspace to Report Q2, 2022 Results on Aug 01, 2022

Price target decreased to US$94.50

Upcoming dividend of US$0.73 per share

Centerspace (NYSE:CSR) announces an Equity Buyback for $50 million worth of its shares.

Centerspace Declares Regular Quarterly Distribution, Payable on July 11, 2022

Price target decreased to US$103

Independent Trustee recently bought US$50k worth of stock