Centerspace (CSR) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held virtually on May 14, 2025, with shareholders voting on trustee elections, executive compensation, a new incentive plan, and auditor ratification.

• Shareholders of record as of March 20, 2025, are entitled to vote, with 16,726,594 common shares outstanding.

• The Board recommends voting in favor of all proposals, including the election of seven trustees, approval of executive compensation, the 2025 Incentive Plan, and ratification of Grant Thornton LLP as auditor.

Voting matters and shareholder proposals

• Proposals include electing seven trustees for one-year terms, an advisory say-on-pay vote, approval of the 2025 Incentive Plan, and ratification of Grant Thornton LLP as auditor.

• Shareholders can submit proposals for the 2026 meeting by December 5, 2025, and trustee nominations between January 14 and February 13, 2026.

• No cumulative voting is permitted; each share has one vote per proposal.

Board of directors and corporate governance

• The Board will reduce to seven members after a trustee retirement; all nominees except the CEO are independent.

• Board diversity: 43% female, 29% non-white, 14% LGBTQ+; tenure is balanced between new and experienced trustees.

• Board committees (Audit, Compensation, Nominating and Governance) are composed entirely of independent trustees.

• Annual self-evaluations, majority voting with resignation policy, and separation of Chair and CEO roles are in place.

• Trustees are subject to term limits and equity ownership requirements.