Investors Real Estate Trust Declares Regular Quarterly Common Share
Distribution, and Declares Series A and Series B Preferred Share Distribution
MINOT, N.D., Dec. 5, 2012 (GLOBE NEWSWIRE) -- Investors Real Estate Trust
(Nasdaq:IRET) announced today that its Board of Trustees has declared a
regular quarterly distribution of $0.1300 per share/unit payable on January
15, 2013 to common shareholders and unitholders of record at the close of
business on January 2, 2013.
This $0.1300 per common share/unit distribution will be the 167th consecutive
quarterly distribution paid by IRET since its inception in 1970. The previous
regular quarterly distribution, also of $0.1300 per common share/unit, was
paid October 1, 2012.
Investors Real Estate Trust's Board of Trustees also declared on December 5,
2012 a distribution of $0.515625 cents per share on the Company's Series A
Cumulative Redeemable Preferred Shares (Nasdaq:IRETP). This distribution will
be payable December 31, 2012 to Series A preferred shareholders of record at
the close of business on December 17, 2012. Series A preferred share
distributions are cumulative and payable quarterly in arrears at an annual
rate of $2.0625 per share.
Also on December 5, 2012, the Board of Trustees declared a distribution of
$0.496875 per share on the Company's 7.95% Series B Cumulative Redeemable
Preferred Shares (NYSE:IRET PRB), payable December 31, 2012 to Series B
preferred shareholders of record at the close of business on December 17,
2012. Series B preferred share distributions are cumulative and payable
quarterly in arrears at an annual rate of $1.9875 per share.
About Investors Real Estate Trust
Investors Real Estate Trust is an equity real estate investment trust. Its
business consists of owning and operating income-producing multi-family
residential and commercial properties located primarily in the upper
Midwest.Investors Real Estate Trust is based in Minot, North Dakota, and has
additional offices in Minneapolis and St. Cloud, Minnesota.
CONTACT: Lindsey Knoop Anderson
Director of Investor Relations
1400 31st Ave SW, Suite 60
PO Box 1988
Minot, North Dakota 58702-1988
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