Craft

Investors Real Estate Trust

Stock Price

$21.6

2024-08-19

Market Capitalization

$3.8 M

2024-08-19

Revenue

$261.3 M

FY, 2023

Investors Real Estate Trust Summary

Company Summary

Overview
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.
Type
Public
Status
Active
Founded
1970
HQ
Minot, ND, US | view all locations
Website
https://centerspacehomes.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Mark O. Decker

    Mark O. Decker, President and Chief Executive Officer

    • John A. Kirchmann

      John A. Kirchmann, Executive Vice President and Chief Financial Officer

      • Anne M. Olson

        Anne M. Olson, Chief Operating Officer and General Counsel

        • Susan J. Picotte

          Susan J. Picotte, Senior Vice President - Asset Management and Operations Support

          LocationsView all

          12 locations detected

          • Minot, ND HQ

            United States

            1400 31st Ave SW #60

          • Burnsville, MN

            United States

            Burnsville, MN, USA

          • Eagan, MN

            United States

            Eagan, MN, USA

          • Edina, MN

            United States

            Edina, MN, USA

          • Golden Valley, MN

            United States

            Golden Valley, MN, USA

          • Lincoln, NE

            United States

            Lincoln, NE, USA

          and 6 others

          Investors Real Estate Trust Financials

          Summary Financials

          Revenue (Q2, 2024)
          $65.0M
          Gross profit (Q2, 2024)
          $62.8M
          Net income (Q2, 2024)
          ($1.7M)
          Cash (Q2, 2024)
          $14.3M
          EBIT (Q2, 2024)
          $7.2M
          Enterprise value
          $921.2M

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