OverviewSuggest Edit

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.
TypePublic
Founded1970
HQMinot, US
Websiteiretapartments.com
Employee Ratings3.6

Locations

Investors Real Estate Trust is headquartered in
Minot, United States

Location Map

Latest Updates

Employees (est.) (Dec 2018)396(-16%)
Job Openings36
Revenue (FY, 2018)$169.7 M(-17%)
Share Price (Jun 2019)$59.5 (-1%)

Key People/Management at Investors Real Estate Trust

Mark O. Decker

Mark O. Decker

President and Chief Executive Officer, 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
Grant P. Campbell

Grant P. Campbell

Senior Vice President - Investments
Nancy B. Andersen

Nancy B. Andersen

Senior Vice President and Chief Accounting Officer
Show more

Investors Real Estate Trust Office Locations

Investors Real Estate Trust has offices in Minot, Winchester, Sioux Falls, Rochester and in 8 other locations
Minot, US (HQ)
1400 31st Ave SW #60
Burnsville, US
Burnsville, MN, USA
Eagan, US
Eagan, MN, USA
Edina, US
Edina, MN, USA
Golden Valley, US
Golden Valley, MN, USA
Lincoln, US
Lincoln, NE, USA
Show all (12)

Investors Real Estate Trust Financials and Metrics

Investors Real Estate Trust Revenue

Investors Real Estate Trust's revenue was reported to be $169.75 m in FY, 2018
USD

Revenue (Q1, 2019)

45.9m

Net income (Q1, 2019)

3.7m

EBIT (Q1, 2019)

2.3m

Market capitalization (10-Jun-2019)

698.9m

Closing stock price (10-Jun-2019)

59.5

Cash (31-Dec-2018)

13.8m
Investors Real Estate Trust's current market capitalization is $698.9 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

265.5m283.2m188.3m205.7m169.7m

Revenue growth, %

(6%)606%(62%)

Cost of goods sold

5.5m

Gross profit

164.2m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

66.2m67.6m68.6m70.9m72.9m51.0m52.3m55.8m49.6m50.6m51.2m52.7m53.9m43.3m45.9m

General and administrative expense

7.2m7.8m7.8m3.5m3.2m5.4m5.8m5.8m2.6m2.7m3.1m4.0m3.1m3.0m3.9m

Operating expense total

47.0m51.1m51.9m52.3m50.8m36.8m41.5m39.3m93.6m38.6m40.4m57.4m49.1m41.4m43.6m

Depreciation and amortization

14.3m13.5m13.5m28.9m20.7m18.4m18.6m
Annual
usdY, 2010Y, 2011Y, 2012Y, 2013FY, 2014Y, 2014FY, 2015Y, 2015FY, 2016Y, 2016FY, 2017FY, 2018

Cash

54.8m41.2m40.0m94.1m47.3m47.3m49.0m49.0m66.7m66.7m28.8m13.8m

Accounts Receivable

Inventories

Goodwill

1.1m1.1m1.9m1.9m1.7m1.7m1.6m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

68.7m53.5m60.6m53.0m52.1m44.8m55.1m47.1m54.4m68.7m57.0m23.8m42.5m22.7m16.3m

Goodwill

1.1m1.1m2.0m1.9m1.9m1.7m1.7m1.7m1.7m1.6m1.6m1.6m

Total Assets

1.9b1.9b1.9b2.0b2.0b2.0b1.8b1.7b1.7b1.7b1.6b1.5b1.6b1.5b1.4b

Accounts Payable

57.5m54.3m62.5m67.0m69.9m60.5m55.5m48.8m41.8m40.4m41.4m36.9m33.8m35.8m28.1m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(16.9m)28.7m76.6m30.5m127.6m

Depreciation and Amortization

73.7m72.1m51.0m56.5m83.3m

Inventories

Accounts Payable

40.4m(7.9m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Net Income

13.5m17.6m(199.0k)5.7m14.8m4.7m16.7m64.8m(40.6m)(28.3m)(3.1m)(13.3m)151.8m3.7m

Depreciation and Amortization

38.0m56.0m17.5m35.5m53.6m13.7m43.8m14.6m28.5m42.4m

Accounts Payable

60.5m55.5m48.8m41.8m40.4m41.4m(3.2m)13.0k

Cash From Operating Activities

36.2m60.1m23.4m52.2m80.8m24.8m46.9m15.8m35.4m55.7m15.8m42.0m14.7m
USDY, 2018

Financial Leverage

2.1 x
Show all financial metrics

Investors Real Estate Trust Online and Social Media Presence

Embed Graph

Investors Real Estate Trust Frequently Asked Questions

  • When was Investors Real Estate Trust founded?

    Investors Real Estate Trust was founded in 1970.

  • Who are Investors Real Estate Trust key executives?

    Investors Real Estate Trust's key executives are Mark O. Decker, John A. Kirchmann and Anne M. Olson.

  • How many employees does Investors Real Estate Trust have?

    Investors Real Estate Trust has 396 employees.

  • What is Investors Real Estate Trust revenue?

    Latest Investors Real Estate Trust annual revenue is $169.7 m.

  • What is Investors Real Estate Trust revenue per employee?

    Latest Investors Real Estate Trust revenue per employee is $428.6 k.

  • Who are Investors Real Estate Trust competitors?

    Competitors of Investors Real Estate Trust include Qrf, Care Capital Properties and London & Associated Properties.

  • Where is Investors Real Estate Trust headquarters?

    Investors Real Estate Trust headquarters is located at 1400 31st Ave SW #60, Minot.

  • Where are Investors Real Estate Trust offices?

    Investors Real Estate Trust has offices in Minot, Winchester, Sioux Falls, Rochester and in 8 other locations.

  • How many offices does Investors Real Estate Trust have?

    Investors Real Estate Trust has 12 offices.