Investors Real Estate Trust

Investors Real Estate Trust (IRET) was founded in 1970 and is headquartered in Minot, North Dakota, with an additional office in Eden Prairie, Minnesota. IRET owns a diversified portfolio of income-producing properties, with over $2 billion in assets as of the end of our most recent fiscal year. IRET's multi-family residential, office, medical, industrial and retail properties are located in 9 states, primarily in the Upper Midwest. The management and staff of Investors Real Estate Trust are firmly dedicated to the mission of our trustees: creating value for our shareholders. This commitment is evident in the success and growth experienced throughout IRET's history.
Company Growth (employees)
Type
Public
HQ
Minot, US
Founded
1970
Size (employees)
465 (est)+8%
Investors Real Estate Trust was founded in 1970 and is headquartered in Minot, US

Key People/Management at Investors Real Estate Trust

Mark Decker

Mark Decker

President and Chief Executive Officer
John Kirchmann

John Kirchmann

Executive Vice President and Chief Financial Officer
Andrew Martin

Andrew Martin

Executive Vice President - Operations
Anne Olson

Anne Olson

Executive Vice President and General Counsel
Nancy Andersen

Nancy Andersen

Senior Vice President and Principal Accounting Officer
Matthew Volpano

Matthew Volpano

Senior Vice President – Capital Markets
Jeffrey Caira

Jeffrey Caira

Chair

Investors Real Estate Trust Office Locations

Investors Real Estate Trust has offices in Minot, Minneapolis, Golden Valley, Rochester and in 8 other locations
Minot, US (HQ)
60 1400 31st Ave SW
Minneapolis, US
1600 LaSalle Plaza 800 Lasalle Ave
Show all (12)

Investors Real Estate Trust Financials and Metrics

Investors Real Estate Trust Financials

Investors Real Estate Trust's revenue was reported to be $205.7 m in FY, 2017
USD

Revenue (Q2, 2018)

53.9 m

Net income (Q2, 2018)

13.1 m

EBIT (Q2, 2018)

4.8 m

Market capitalization (16-Feb-2018)

642.4 m

Cash (31-Oct-2017)

42.5 m
Investors Real Estate Trust's current market capitalization is $642.4 m.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

80.9 m76 m536.7 m205.7 m

Revenue growth, %

(6%)606%(62%)

General and administrative expense

12.1 m

Operating expense total

12.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

66.2 m67.6 m68.6 m70.9 m72.9 m51 m52.3 m55.8 m49.6 m50.6 m51.2 m52.7 m53.9 m

General and administrative expense

7.2 m7.8 m7.8 m3.5 m3.2 m5.4 m5.8 m5.8 m2.6 m2.7 m3.1 m4 m3.1 m

Operating expense total

47 m51.1 m51.9 m52.3 m50.8 m36.8 m41.5 m39.3 m93.6 m38.6 m40.4 m57.4 m49.1 m

Depreciation and amortization

20.7 m
USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016FY, 2017

Cash

54.8 m41.2 m40 m94.1 m47.3 m49 m66.7 m28.8 m

Goodwill

1.1 m1.9 m1.7 m1.6 m

Total Assets

1.9 b2 b1.8 b1.5 b

Accounts Payable

59.1 m71.1 m39.7 m40.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

68.7 m53.5 m60.6 m53 m52.1 m44.8 m55.1 m47.1 m54.4 m68.7 m57 m23.8 m42.5 m

Goodwill

1.1 m1.1 m2 m1.9 m1.9 m1.7 m1.7 m1.7 m1.7 m1.6 m1.6 m1.6 m

Total Assets

1.9 b1.9 b1.9 b2 b2 b2 b1.8 b1.7 b1.7 b1.7 b1.6 b1.5 b1.6 b

Accounts Payable

57.5 m54.3 m62.5 m67 m69.9 m60.5 m55.5 m48.8 m41.8 m40.4 m41.4 m36.9 m33.8 m
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    (16.9 m)28.7 m76.6 m30.5 m

    Depreciation and Amortization

    73.7 m72.1 m51 m55 m

    Accounts Receivable

    1.9 m4.1 m1.8 m

    Accounts Payable

    40.4 m
    USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    13.5 m17.6 m(199 k)5.7 m14.8 m4.7 m16.7 m43.4 m(40.6 m)12.3 m25.2 m

    Depreciation and Amortization

    38 m56 m17.5 m35.5 m53.6 m13.7 m14.3 m13.5 m13.5 m

    Accounts Receivable

    (1.1 m)(3.5 m)1.2 m4.5 m2.2 m313 k

    Accounts Payable

    60.5 m55.5 m48.8 m41.8 m40.4 m41.4 m
    USDY, 2017

    Revenue/Employee

    116 k

    Financial Leverage

    2.6 x
    Show all financial metrics

    Investors Real Estate Trust Market Value History

    Investors Real Estate Trust's Web-traffic and Trends

    Investors Real Estate Trust Online and Social Media Presence

    Investors Real Estate Trust Company Life and Culture

    You may also be interested in