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)
432 (est)+12%
Investors Real Estate Trust was founded in 1970 and is headquartered in Minot, US

Investors Real Estate Trust Office Locations

Investors Real Estate Trust has offices in Minot, Minneapolis, Golden Valley, Rochester and in 7 other locations
Minot, US (HQ)
60 1400 31st Ave SW
Minneapolis, US
1600 LaSalle Plaza 800 Lasalle Ave

Investors Real Estate Trust Metrics

Investors Real Estate Trust Financial Metrics

Revenue (2016)

$536.7 m

Revenue growth (2015-16), %

606%

Net income (2016)

$76.6 m

Market capitalization (21-Mar-2017)

$707.8 m

Closing share price (21-Mar-2017)

$5.8

Cash (31-Dec-2016)

$66.7 m
Investors Real Estate Trust's current market capitalization is $707.8 m.
Investors Real Estate Trust's revenue was reported to be $536.7 m in FY, 2016 which is a 605.8% increase from the previous period.
FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$80.9 m$76 m$536.7 m

Revenue growth, %

(6%)606%

Operating expense total

$234.8 m$204.5 m$148.8 m

EBIT

$33.1 m$78.7 m$39.5 m

EBIT margin, %

41%103%7%

Interest expense

$62.7 m$61.8 m$61.2 m$33.7 m$34.4 m$35.8 m

Interest income

$1.9 m$2.2 m$2.3 m

Net Income

($16.9 m)$28.7 m$76.6 m
Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016

Cash

$54.8 m$41.2 m$40 m$94.1 m$47.3 m$49 m$66.7 m

Accounts Receivable

Inventories

Goodwill

$1.1 m$1.9 m$1.7 m

Total Assets

$1.9 b$2 b$1.8 b

Accounts Payable

$59.1 m$71.1 m$39.7 m

Total Equity

$720.5 m$741 m$718.3 m

Financial Leverage

2.6 x2.7 x2.5 x
FY, 2014FY, 2015FY, 2016

Net Income

($16.9 m)$28.7 m$76.6 m

Depreciation and Amortization

$73.7 m$72.1 m$51 m

Accounts Receivable

$1.9 m$4.1 m$1.8 m

Inventories

Accounts Payable

Cash From Operating Activities

$92.5 m$114.2 m$66.5 m

Cash From Investing Activities

($121.8 m)($176.4 m)

Cash From Financing Activities

($17.5 m)$63.9 m($183 m)

Investors Real Estate Trust Market Value History

Investors Real Estate Trust Online Presence

Investors Real Estate Trust Company Life

You may also be interested in