Centerspace - 1792 Exchange

Rating Overview

Centerspace is Medium Risk.

Investors Real Estate Trust (Centerspace) is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	High Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Centerspace integrates ESG into its business practices. From its 2024 ESG Report: “This 2024 ESG Report details the steps we’re taking to integrate Environmental, Social, and Governance principles
throughout our operations – a commitment we believe is essential for long-term success” (1). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Centerspace does not appear to discriminate against charitable organizations based on views or beliefs. However, it will only give to religious organizations that provide non-sectarian services (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Centerspace offers DEI training to its employees (1). The company appears to prioritize diversity over merit in its supply chain. From its Our Four Pillars webpage: “To advance our commitment to strong partnerships at Centerspace, we track the diversity of our vendor partners and monitor those that advance DEI in their own organizations” (2). Centerspace does not provide viewpoint protections to its employees (3).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Centerspace supports DEI within its business practices, hosting a DEI Committee (1). The company supports DEI within its business practices. From its DEI webpage: “At Centerspace, it is our mission to create a culture that is inclusive, equitable, and diverse by fostering an environment where every great idea can be heard, and everybody belongs” (2). Centerspace supports ESG within its business practices. From its ESG webpage: “Centerspace’s overall business strategy includes demonstrating an organizational commitment to ESG” (3). In 2021, Centerspace advocated for Rainbow Alley, a youth LGBTQ organization on its corporate Facebook account (4).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

In 2026, Centerspace sponsored Billings Pride (1). The company has sponsored Denver Pride since 2024 (2)(3)(4). Centerspace “actively contribute[s] to organizations and associations working to advance diversity, equity, and inclusions” (5). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (6).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Centerspace does not operate a PAC or engage in lobbying at this time (1)(2)(3).