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
HQ
Minot, US
Founded
1970
Size (employees)
465 (est)
Investors Real Estate Trust was founded in 1970 and is headquartered in Minot, US
Report incorrect company information

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
Show more

Investors Real Estate Trust Office Locations

Investors Real Estate Trust has offices in Plymouth, Winchester, Minot, Minneapolis and in 8 other locations
Minot, US (HQ)
60 1400 31st Ave SW
Minneapolis, US
1600 LaSalle Plaza 800 Lasalle Ave
Show all (12)
Report incorrect company information

Investors Real Estate Trust Financials and Metrics

Investors Real Estate Trust Financials

Investors Real Estate Trust's revenue was reported to be $205.74 m in FY, 2017 which is a 61.7% decrease from the previous period.
USD

Revenue (Q3, 2018)

127.4 m

Net income (Q3, 2018)

151.8 m

EBIT (Q3, 2018)

(4.9 m)

Market capitalization (23-Apr-2018)

620.3 m

Cash (31-Jan-2018)

22.7 m
Investors Real Estate Trust's current market capitalization is $620.3 m.
Annual
usdFY, 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
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 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 m127.4 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 m10.1 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 m132.3 m

Depreciation and amortization

20.7 m61 m
Annual
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

Accounts Receivable

Inventories

Goodwill

1.1 m1.9 m1.7 m1.6 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 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 m22.7 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 b1.5 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 m35.8 m
Annual
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

Inventories

Accounts Payable

40.4 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

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 m151.8 m

Depreciation and Amortization

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

Accounts Payable

60.5 m55.5 m48.8 m41.8 m40.4 m41.4 m(3.2 m)

Cash From Operating Activities

36.2 m60.1 m23.4 m52.2 m80.8 m24.8 m42 m
USDY, 2018

Financial Leverage

2 x
Show all financial metrics
Report incorrect company information