CSR CENTERSPACE

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in only 1/4 quarters. Q3 2025: $0M, Q2 2025: $0M, Q1 2025: $5M, Q3 2024: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $2M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $5M / FCF $13M = 36% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 248,000 shares = 1.5% of 16,761,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

3 open-market purchases by 3 insiders

• Patel Bhairav (EVP and CFO) bought 500 shares at $54.00 on 2025-08-08
• Olson Anne (President, CEO & Secretary) bought 750 shares at $55.10 on 2025-08-08
• Schissel John A () bought 500 shares at $54.00 on 2025-08-08

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

3 insider purchases but company buybacks inactive

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected