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 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 Data and Metrics

Investors Real Estate Trust Financial Metrics

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

Revenue (FY, 2017)

205.7 m

Revenue growth (FY, 2016 - FY, 2017), %

(62%)

Net income (FY, 2017)

30.5 m

EBIT (FY, 2017)

(13.8 m)

Market capitalization (22-Aug-2017)

746.4 m

Cash (30-Apr-2017)

28.8 m
Investors Real Estate Trust's current market capitalization is $746.4 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

EBIT

33.1 m78.7 m39.5 m(13.8 m)

EBIT margin, %

41%103%7%(7%)

Interest expense

62.7 m61.8 m61.2 m33.7 m34.4 m35.8 m41.1 m

Interest income

1.9 m2.2 m2.3 m369 k

Net Income

(16.9 m)28.7 m76.6 m30.5 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

68.6 m70.9 m72.9 m51 m52.3 m55.8 m49.6 m50.6 m51.2 m

General and administrative expense

7.8 m3.5 m3.2 m5.4 m5.8 m5.8 m2.6 m2.7 m3.1 m

Operating expense total

7.8 m3.5 m3.2 m5.4 m5.8 m5.8 m2.6 m2.7 m3.1 m

EBIT

16.8 m18.5 m22.1 m14.2 m10.8 m16.4 m(43.9 m)12 m10.7 m

EBIT margin, %

24%26%30%28%21%29%(89%)24%21%

Interest expense

14.7 m14.6 m14.6 m9.2 m10.1 m10.5 m10.4 m10.6 m10.7 m

Interest income

560 k560 k561 k556 k565 k566 k572 k600 k816 k

Net Income

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

Total Liabilities

831.2 m

Total Equity

720.5 m741 m718.3 m636.1 m

Financial Leverage

2.6 x2.7 x2.5 x2.3 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

60.6 m53 m52.1 m44.8 m55.1 m47.1 m54.4 m68.7 m57 m

Goodwill

2 m1.9 m1.9 m1.7 m1.7 m1.7 m1.7 m1.6 m1.6 m

Total Assets

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

Accounts Payable

62.5 m67 m69.9 m60.5 m55.5 m48.8 m41.8 m40.4 m41.4 m

Total Equity

726.2 m726.7 m736.2 m729.9 m698.9 m708.9 m658 m651.2 m621.2 m

Financial Leverage

2.7 x2.7 x2.7 x2.8 x2.5 x2.4 x2.6 x2.6 x2.6 x
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

Cash From Operating Activities

92.5 m114.2 m66.5 m

Cash From Investing Activities

(121.8 m)(176.4 m)

Cash From Financing Activities

(17.5 m)63.9 m(183 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

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

Depreciation and Amortization

17.5 m35.5 m53.6 m14.3 m13.5 m13.5 m

Accounts Receivable

1.2 m4.5 m2.2 m

Accounts Payable

60.5 m55.5 m48.8 m41.8 m40.4 m41.4 m

Cash From Operating Activities

23.4 m52.2 m80.8 m

Cash From Investing Activities

(52.3 m)(107.5 m)(160.2 m)

Cash From Financing Activities

42.3 m61 m84.4 m
USDY, 2017

Revenue/Employee

476.2 k

Financial Leverage

2.3 x

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