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Investors Real Estate Trust Declares Regular Quarterly Common Share Distribution, and Declares Series A and Series B Preferred

Investors Real Estate Trust Declares Regular Quarterly Common Share
Distribution, and Declares Series A and Series B Preferred Share Distributions

MINOT, N.D., June 3, 2013 (GLOBE NEWSWIRE) -- Investors Real Estate Trust
(NYSE:IRET) announced today that its Board of Trustees has declared a regular
quarterly distribution of $0.1300 per share/unit payable on July 1, 2013 to
common shareholders and unitholders of record at the close of business on June
14, 2013.

This $0.1300 per common share/unit distribution will be the 169th 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 April 1, 2013.

Investors Real Estate Trust's Board of Trustees also declared on June 3, 2013
a distribution of $0.515625 cents per share on the Company's Series A
Cumulative Redeemable Preferred Shares (NYSE:IRET PR). This distribution will
be payable July 1, 2013 to Series A preferred shareholders of record at the
close of business on June 14, 2013. Series A preferred share distributions are
cumulative and payable quarterly in arrears at an annual rate of $2.0625 per
share.

Also on June 3, 2013, 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 July 1, 2013 to Series B preferred
shareholders of record at the close of business on June 14, 2013. 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
         phone: 701.837.4738
         fax: 701.838.7785
         email:landerson@iret.com

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