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Last $7.17 USD
Change Today -0.04 / -0.55%
Volume 429.9K
IRET On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

investors real estate trust (IRET) Snapshot

Open
$7.20
Previous Close
$7.21
Day High
$7.27
Day Low
$7.14
52 Week High
01/13/15 - $8.74
52 Week Low
07/1/15 - $6.82
Market Cap
900.0M
Average Volume 10 Days
363.4K
EPS TTM
$0.15
Shares Outstanding
125.5M
EX-Date
06/11/15
P/E TM
47.2x
Dividend
$0.52
Dividend Yield
7.25%
Current Stock Chart for INVESTORS REAL ESTATE TRUST (IRET)

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investors real estate trust (IRET) Details

Investors Real Estate Trust is a real estate investment trust. The trust invests in real estate markets of United States. It is primarily engaged in investment and operation of the the real estate assets. The trust's investments include multi-family residential properties and commercial office, healthcare, industrial and retail properties. Investors Real Estate Trust was founded in 1970 and is based in Minot, North Dakota with additional offices in Minneapolis and St. Cloud, Minnesota.

387 Employees
Last Reported Date: 06/29/15
Founded in 1970

investors real estate trust (IRET) Top Compensated Officers

Chief Executive Officer, President, Trustee a...
Total Annual Compensation: $415.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $261.5K
Executive Vice President and General Counsel
Total Annual Compensation: $220.5K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $215.0K
Senior Vice President of Commercial Asset Man...
Total Annual Compensation: $178.4K
Compensation as of Fiscal Year 2014.

investors real estate trust (IRET) Key Developments

Investors Real Estate Trust Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ended April 30, 2015

Investors Real Estate Trust reported unaudited consolidated earnings results for the fourth quarter and fiscal year ended April 30, 2015. For the quarter, the company's total revenue was $70.8 million compared with $67.8 million a year ago. Operating income was $21.2 million compared with operating loss of $20.8 million a year ago. Income from continuing operations was $13.9 million or $0.07 per basic and diluted share compared with loss of $34.5 million or $0.29 per basic and diluted share a year ago. Net income was $13.9 million compared with net loss of $34.5 million a year ago. Net income available to common shareholders was $7.9 million or $0.07 per basic and diluted share compared with net loss of $31.4 million or $0.29 per basic and diluted share a year ago. Funds from operations applicable to common shares and units were $21.98 million or $0.16 per basic and diluted share compared with $17.6 million or $0.14 per basic and diluted share a year ago. Net operating income was $42.0 million compared with $37.4 million a year ago. Adjusted funds from operations applicable to common shares and units were $18.1 million or $0.13 per basic and diluted share compared with $14.1 million or $0.11 per basic and diluted share a year ago. Adjusted EBITDA was $39.6 million compared with $34.6 million a year ago. For the year, the company's total revenue was $283.2 million compared with $267.1 million a year ago. Operating income was $78.7 million compared with $33.4 million a year ago. Income from continuing operations was $28.7 million or $0.11 per basic and diluted share compared with loss of $23.4 million or $0.28 per basic and diluted share a year ago. Net income was $28.7 million compared with net loss of $16.9 million a year ago. Net income available to common shareholders was $12.6 million or $0.11 per basic and diluted share compared with net loss of $24.7 million or $0.23 per basic and diluted share a year ago. Funds from operations applicable to common shares and units were $86.6 million or $0.64 per basic and diluted share compared with $79.9 million or $0.63 per basic and diluted share a year ago. Net operating income was $168.7 million compared with $159.5 million a year ago. Adjusted funds from operations applicable to common shares and units were $73.7 million or $0.55 per basic and diluted share compared with $58.1 million or $0.46 per basic and diluted share a year ago. Adjusted EBITDA was $155.3 million compared with $147.0 million a year ago.

Investors Real Estate Trust Announces Appointment of Jeffrey P. Caira as Trustee

Investors Real Estate Trust announced that the company's Board of Trustees has elected Jeffrey P. Caira as a trustee, effective as of June 23, 2015. Mr. Caira's term of office will continue until the company's 2015 annual meeting of shareholders and until his successor is elected and qualifies. Mr. Caira will serve on the Board's Nomination and Governance Committee. Mr. Caira, 58, was most recently a Director - Co-Portfolio Manager at AEW Capital Management for ten years, on the North American Diversified Strategy. Prior to that, Mr. Caira served as a Vice President- Portfolio Manager and Senior Analyst for Pioneer Investment Management Inc., managing the U.S. real estate sector fund; and Vice-President - Senior Equity Research Analyst for RBC Dain Rauscher Inc.

Investors Real Estate Trust to Report Q4, 2015 Results on Jun 29, 2015

Investors Real Estate Trust announced that they will report Q4, 2015 results on Jun 29, 2015

 

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IRET

Industry Average

Valuation IRET Industry Range
Price/Earnings 77.2x
Price/Sales 3.1x
Price/Book 1.7x
Price/Cash Flow 11.0x
TEV/Sales NM Not Meaningful
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