Centerspace Provides Details on 2025 Dividend Allocations for Shareholders
Centerspace Announces 2025 Dividend Allocations
Centerspace (NYSE: CSR), a prominent operator in the real estate sector, shared important information regarding the dividend allocations for its common shares for the calendar year 2025. This announcement provides essential insights into the tax treatment of distributions for shareholders, specified under Form 1099-DIV, guiding them in their tax planning for the upcoming year.
As part of its commitment to transparency, the company encourages its shareholders to consult with their personal tax advisors to understand the implications of these distributions fully. Shareholders can find detailed breakdowns of dividend payments as well as the associated tax treatment in the company’s official communication.
Key Dividend Dates and Payments
Centerspace has specified several key dates associated with dividend payments throughout the year:
- - Record Date: December 30, 2024
- - Payable Date: January 13, 2025
- Ordinary Taxable Dividend (Box 1a): $0.228372
- Qualified Dividend (Box 1b): $0.000000
- Long-Term Capital Gain (Box 2a): $0.521628
- Unrecaptured Section 1250 Gain (Box 2b): $0.264181
- Nondividend Distribution (Box 3): $0.000000
- Section 199A Dividend (Box 5): $0.228372
Similar payment structures exist for the subsequent distributions in 2025 with the same payable amount of $0.770 for the dividends set for distribution on March 28, June 27, and September 29. Each of these dividends aligns with the reporting and categories established in IRS guidelines, ensuring that shareholders can track their earnings efficiently and with minimal confusion.
Encouragement for Shareholder Engagement
In light of these changes, Centerspace reiterates its dedication to providing a transparent and straightforward process for its investors. By maintaining open lines of communication and offering extensive resources, the company empowers shareholders to make informed decisions regarding their investments.
Shareholders are encouraged to reach out to Centerspace’s Investor Relations team for any queries regarding the dividend or related tax queries. Josh Klaetsch, the Investor Relations representative, has made himself available at (952) 401-6600 or via email at [email protected]. This proactive approach not only enhances investor relations but also boosts shareholder confidence by ensuring they have access to the necessary tools and information.
About Centerspace
Founded in 1970, Centerspace operates a portfolio of apartment communities across various states, including Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. The company is dedicated to providing quality housing options while maintaining a high level of service and integrity. In acknowledgment of its commitment to a positive work environment, Centerspace was recognized as a top employer for the sixth consecutive year in 2025 by the Minnesota Star Tribune.
In summary, Centerspace's detailed dividend allocation announcement for 2025 is a positive step forward in maintaining transparency and collaboration with its shareholders. By encouraging consultative practices regarding tax implications, Centerspace looks to foster enduring relationships based on trust and performance. For more information about Centerspace and its offerings, visit www.centerspacehomes.com.
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