Last $8.42 USD
Change Today -0.15 / -1.75%
Volume 551.7K
IRET On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

investors real estate trust (IRET) Snapshot

Open
$8.59
Previous Close
$8.57
Day High
$8.65
Day Low
$8.42
52 Week High
06/30/14 - $9.21
52 Week Low
09/26/14 - $7.45
Market Cap
1.0B
Average Volume 10 Days
625.4K
EPS TTM
$0.06
Shares Outstanding
120.3M
EX-Date
12/30/14
P/E TM
140.6x
Dividend
$0.52
Dividend Yield
6.18%
Current Stock Chart for INVESTORS REAL ESTATE TRUST (IRET)

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investors real estate trust (IRET) Details

Investors Real Estate Trust, a real estate investment trust (REIT), engages in the ownership and operation of income-producing real estate properties in the United States. It owns multi-family residential properties and commercial office, medical, industrial, and retail properties located primarily in the upper midwest states of Minnesota and North Dakota. As of April 30, 2008, the company operated a real estate portfolio of 72 multi-family residential; 65 office; 48 medical; 17 industrial; and 33 retail properties. Investors Real Estate Trust has elected to be taxed as a REIT under the Internal Revenue Code of 1986. As a REIT, the trust is not subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1970 and is headquartered in Minot, North Dakota with additional offices in Minneapolis, Minnesota, and Omaha, Nebraska; and Kansas City, Kansas, and St. Louis, Missouri.

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 Financial Officer, Principal Accounting...
Total Annual Compensation: $261.5K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $360.0K
Executive Vice President and General Counsel
Total Annual Compensation: $220.5K
Executive Vice President of Asset Management
Total Annual Compensation: $215.0K
Compensation as of Fiscal Year 2014.

investors real estate trust (IRET) Key Developments

Investors Real Estate Trust - Special Call

To discuss disposition of substantially all of its commercial office and retail properties, in an update to its current strategic plan, under which the company has been directing new investments primarily toward multifamily residential and healthcare properties

Investors Real Estate Seeks Acquisitions

Investors Real Estate Trust (NYSE:IRET) is seeking acquisitions. Investors expects that a significant portion of the proceeds from the sale of its office and retail portfolios would be utilized to reduce leverage and provide capital to fund further acquisitions and developments.

Investors Real Estate Trust Seeks Acquisitions

Investors Real Estate Trust (NYSE:IRET) still remains active in land acquisitions to ensure growth. Looking forward, we expect the amount of development and acquisitions to remain consistent with our current levels with our capacity being as high as $350 million over the next 12 to 18 months. Depending on the final mix of acquisitions versus development, our expected acquisition and development cap rates going forward range from approximately 5.5% to 12% in the multi-family segment, and 7% to 8.5% in the healthcare segments, said Thomas Wentz, Jr, Executive Vice President and Chief Operating Officer of Investors Real Estate Trust.

 

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IRET

Industry Average

Valuation IRET Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.7x
Price/Book 2.1x
Price/Cash Flow 25.1x
TEV/Sales NM Not Meaningful
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