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Last $7.23 USD
Change Today -0.01 / -0.14%
Volume 196.9K
IRET On Other Exchanges
Symbol
Exchange
New York
As of 3:26 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

investors real estate trust (IRET) Snapshot

Open
$7.20
Previous Close
$7.24
Day High
$7.26
Day Low
$7.17
52 Week High
06/30/14 - $9.21
52 Week Low
03/12/15 - $7.02
Market Cap
886.4M
Average Volume 10 Days
325.6K
EPS TTM
$0.08
Shares Outstanding
122.6M
EX-Date
03/12/15
P/E TM
85.9x
Dividend
$0.52
Dividend Yield
7.19%
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: 06/30/14
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 Third Quarter and Nine Months Ended January 31, 2015; Reports Impairment of Real Estate Investments for the Third Quarter Ended January 31, 2015

Investors Real Estate Trust reported unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2015. For the quarter, the company reported total revenue of USD 72,916,000 compared to USD 68,433,000 a year ago. Operating income was USD 22,125,000 against USD 18,127,000 a year ago. Income from continuing operations was USD 9,151,000 compared to USD 3,604,000 a year ago. Net income attributable to the company was USD 8,371,000 compared to USD 3,503,000 a year ago. Basics and diluted earnings per common share from continuing operations was USD 0.05 compared to USD 0.00 a year ago. Funds from operations applicable to common shares and units were USD 23,444,000 or USD 0.17 per basic and diluted share compared to USD 22,740,000 or USD 0.17 per basic and diluted share a year ago. Adjusted funds from operations applicable to common share units were USD 19,775,000 or USD 0.15 per share compared to USD 14,262,000 or USD 0.11 per share a year ago. Adjusted EBITDA was USD 40,451,000 compared to USD 38,790,000 a year ago. For the nine months, the company reported total revenue of USD 212,431,000 compared to USD 199,303,000 a year ago. Operating income was USD 57,434,000 against USD 54,188,000 a year ago. Income from continuing operations was USD 14,822,000 compared to USD 11,132,000 a year ago. Net income attributable to the company was USD 13,334,000 compared to USD 15,368,000 a year ago. Basics and diluted earnings per common share was USD 0.04 compared to USD 0.06 a year ago. Funds from operations applicable to common share units were USD 64,599,000 or USD 0.48 per share compared to USD 62,388,000 or USD 0.49 per share a year ago. Adjusted funds from operations applicable to common share units were USD 55,587,000 or USD 0.42 per share compared to USD 43,810,000 or USD 0.42 per share a year ago. Adjusted EBITDA was USD 115,700,000 compared to USD 110,551,000 a year ago. Impairment of real estate investments for the third quarter ended January 31, 2015 was USD 540,000 against USD 4,798,000 a year ago.

Investors Real Estate Trust Appoints Pamela J. Moret as Trustee

Investors Real Estate Trust announced that the company's board of trustees has elected Pamela J. Moret as a trustee, effective as of February 25, 2015. Ms. Moret's term of office will continue until the company's 2015 annual meeting of shareholders and until her successor is elected and qualifies. Ms. Moret will serve on the board's audit, compensation, and investment committees. Ms. Moret, is Senior Vice President, Strategic Development, of Thrivent Financial in Minneapolis, Minnesota, and President and Chief Executive Officer of brightpeak financial.

Investors Real Estate Trust to Report Q3, 2015 Results on Mar 12, 2015

Investors Real Estate Trust announced that they will report Q3, 2015 results on Mar 12, 2015

 

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IRET

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Valuation IRET Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.1x
Price/Book 1.8x
Price/Cash Flow 19.4x
TEV/Sales NM Not Meaningful
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