Centerspace

1. 1

   Election of Trustees

   ManagementBoard: FOR

   Elect six nominees (John A. Schissel, Ola Oyinsan Hixon, Rodney Jones-Tyson, Anne Olson, Jay L. Rosenberg and Mary J. Twinem) as trustees to serve for one-year terms until the 2027 annual meeting.

2. 2

   Advisory Vote on Executive Compensation (Say-on-Pay

   ManagementBoard: FOR

   A non-binding, advisory vote to approve the compensation of the named executive officers as disclosed in the proxy statement, including the Compensation Discussion and Analysis, compensation tables, and narrative discussion.

   More detail

   This proposal asks shareholders to cast a non-binding advisory vote to approve the overall compensation of the named executive officers, as disclosed in the proxy statement. Management seeks this advisory approval to confirm shareholder support for its executive pay philosophy and program design, which emphasizes a significant at-risk component tied to both short-term operating metrics (Core FFO per share, same-store NOI growth, adjusted EBITDA margin and strategic goals) and long-term performance (TSR-based performance RSUs). The company’s 2025 program included both STIP cash awards (with payouts ranging from 50% to 200% of target based on performance) and a 50/50 mix of time-based and TSR-relative performance RSUs under the LTIP to drive retention and alignment with shareholders. The proxy notes governance controls intended to mitigate excessive risk, including clawback policies, share ownership and retention guidelines, prohibitions on hedging and pledging, and double-trigger change-in-control protections. The vote is advisory and therefore not binding, but the Board and Compensation Committee state they will consider shareholder feedback and the vote outcome in future compensation decisions; the filing notes a strong prior say-on-pay result (approximately 96.05% support in 2025). Company disclosures present substantial pay-for-performance linkage (detailed STIP targets and LTIP performance metrics) and extensive narrative and tabular disclosure to justify pay levels, increases, and realized compensation. For an analyst evaluating the merits, the proposal reflects a governance practice to solicit shareholder input on pay, while the company’s design demonstrates a focus on both annual operating metrics and multiyear TSR outcomes to align management incentives with shareholder value creation; remaining considerations include the magnitude of CEO realized pay, the CEO pay ratio, and whether the specific performance metrics and peer index for TSR comparisons remain appropriate and sufficiently challenging. Overall, the Board recommends a ‘‘FOR’’ vote because it believes the compensation structure appropriately balances retention, performance incentives, and alignment with shareholder interests, and because previous shareholder feedback has supported the company’s approach.

3. 3

   Ratification of Selection of Independent Auditor

   ManagementBoard: FOR

   Ratify the Audit Committee’s selection of Grant Thornton LLP as Centerspace’s independent registered public accounting firm for the year ending December 31, 2026.

Upcoming shareholder meetings at Centerspace’s closest sector peers — compare boards, ballots, and ownership across the cohort.

When is the Centerspace 2026 annual meeting?

Centerspace (CSR) holds its 2026 annual shareholder meeting on Wednesday, May 13, 2026.

What is the record date for the Centerspace 2026 meeting?

The record date for the Centerspace 2026 meeting is Friday, March 20, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Centerspace's 2026 meeting?

The board is presenting 7 director nominees at the Centerspace 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Centerspace 2026 meeting?

Shareholders will vote on 3 proposals at the Centerspace 2026 meeting, each tagged with who proposed it and the board's recommendation.