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Centerspace Executive Compensation (FY25)

CSR · Minot, ND · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 15, 2026
160 figures on this page: 149 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Total compensation for Anne Olson, President, Chief Executive Officer and Secretary, came to $3,105,197 in fiscal 2025, and Olson's total was 3.8% higher than the $2,992,339 reported for fiscal 2024. Shareholders supported the say-on-pay proposal with 97.7% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025. The disclosed peer group names American Assets Trust Inc., Apartment Investment and Management Company, Armada Hoffler Properties, Inc., BRT Apartments Corp. and CBL & Associates Properties, Inc., among others. For fiscal 2025, the company reported 2 named executive officers.
Chief executive, fiscal 2025
◇
Anne Olson
Latest say-on-pay support
=
May 13, 2026
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Anne Olson: $2,992,339 → $3,105,197 (3.8% higher)
Say-on-pay support: 96.1% → 97.7% (1.6 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Centerspace's chief executive and what were they paid?
Total compensation for Anne Olson, President, Chief Executive Officer and Secretary, came to $3,105,197 in fiscal 2025. Olson's total was 3.8% higher than the $2,992,339 reported for fiscal 2024.
What was Centerspace's say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.7% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025.
Which companies are in Centerspace's peer group?
The disclosed peer group names American Assets Trust Inc., Apartment Investment and Management Company, Armada Hoffler Properties, Inc., BRT Apartments Corp. and CBL & Associates Properties, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anne Olson
President, Chief Executive Officer, Secretary & Executive Trustee
◇—◇◇◇—◇◇
Bhairav Patel
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anne Olson
President, Chief Executive Officer, Secretary & Executive Trustee
◇—◇◇◇—◇◇
Bhairav Patel
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anne Olson
President, Chief Executive Officer, Secretary & Executive Trustee
◇—◇—◇—◇◇
Bhairav Patel
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anne Olson
President, Chief Executive Officer and Secretary
◇—◇—◇—◇◇
Bhairav Patel
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anne OlsonRSU◇——◇——◇
Anne OlsonPSU◇—◇◇◇—◇
Bhairav PatelRSU◇——◇——◇
Bhairav PatelPSU◇—◇◇◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Anne OlsonRSU◇◇——
RSU◇◇——
Option◇—◇1/1/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇1/1/2032
Bhairav PatelOption◇—◇1/1/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇1/1/2033
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John A. Schissel
Board chair
◇◇————◇
Mary J. Twinem
◇◇————◇
Emily Nagle Green
◇◇————◇
Rodney Jones-Tyson
◇◇————◇
Jay L. Rosenberg
◇◇————◇
Ola Oyinsan Hixon
◇◇————◇
Anne Olson served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual base cash compensation

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Assets Trust Inc. AAT
  • Apartment Investment and Management Company AIV
  • Armada Hoffler Properties, Inc. AHRT
  • BRT Apartments Corp. BRT
  • CBL & Associates Properties, Inc. CBL
  • Clipper Realty, Inc. CLPR
  • CTO Realty Growth, Inc. CTO
  • Elme Communities ELME
  • Four Corners Property Trust, Inc. FCPT
  • Global Medical REIT Inc. symbol not shown
  • Independence Realty Trust, Inc. IRT
  • SmartStop Self Storage REIT, Inc. SMA
  • UMH Properties, Inc. UMH
  • Veris Residential, Inc. VRE
  • Whitestone REIT WSR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 20, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019May 19, 2020=◇◇◇
2018June 13, 2019=◇◇◇
2017September 18, 2018=◇◇◇
2016September 19, 2017=◇◇◇
2015September 20, 2016=◇◇◇
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What this page does not include

Everything above is a fact Centerspace disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Centerspace sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
160 figures on this page: 149 cited to the filing that reported them, 11 calculated from figures it prints.
149 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000798359-26-000054
  2. 0000798359-26-000029
    EXECUTIVE COMPENSATION · GRANTS OF PLAN-BASED AWARDS · OUTSTANDING EQUITY AWARDS AT DECEMBER 31, 2025 · Outstanding Equity Awards on December 31, 2025 · and 2 more sections
  3. 0000798359-25-000044
  4. 0000798359-25-000031
    Summary Compensation Table
  5. 0000798359-24-000084
  6. 0000798359-24-000032
    Summary Compensation Table
  7. 0000798359-23-000061
  8. 0000798359-23-000042
    Summary Compensation Table
  9. 0000798359-22-000065
  10. 0001628280-21-010891
  11. 0001628280-20-008236
  12. 0001628280-19-008089
  13. 0001628280-18-011994
  14. 0001104659-17-058390
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001104659-16-146307
    Item 5.07 Submission of Matters to a Vote of Security Holders
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This page is free to cite. Attribution we ask for:
Velarion, “Centerspace executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CSR (accessed 2026).
Short form: data: Velarion
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Centerspace discloses

The companies named in CSR's own disclosed peer group.

American Assets Trust Inc.Apartment Investment and Management CompanyArmada Hoffler Properties, Inc.BRT Apartments Corp.CBL & Associates Properties, Inc.Clipper Realty, Inc.CTO Realty Growth, Inc.Elme CommunitiesFour Corners Property Trust, Inc.Independence Realty Trust, Inc.SmartStop Self Storage REIT, Inc.UMH Properties, Inc.Veris Residential, Inc.Whitestone REIT

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy