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 La Salle Plaza 800 Lasalle Ave

Investors Real Estate Trust Data and Metrics

Investors Real Estate Trust Financial Metrics

Investors Real Estate Trust's revenue was reported to be $536.7 m in FY, 2016 which is a 606% increase from the previous period.
USD

Revenue (FY, 2016)

536.7 m

Revenue growth (FY, 2015 - FY, 2016), %

606%

Net income (FY, 2016)

76.6 m

EBIT (FY, 2016)

39.5 m

Market capitalization (26-Jun-2017)

759.5 m

Closing share price (26-Jun-2017)

6.2

Cash (31-Dec-2016)

66.7 m
Investors Real Estate Trust's current market capitalization is $759.5 m.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

80.9 m76 m536.7 m

Revenue growth, %

(6%)606%

Operating expense total

234.8 m204.5 m148.8 m

EBIT

33.1 m78.7 m39.5 m

EBIT margin, %

41%103%7%

Interest expense

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

Interest income

1.9 m2.2 m2.3 m

Net Income

(16.9 m)28.7 m76.6 m
USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016

Cash

54.8 m41.2 m40 m94.1 m47.3 m49 m66.7 m

Goodwill

1.1 m1.9 m1.7 m

Total Assets

1.9 b2 b1.8 b

Accounts Payable

59.1 m71.1 m39.7 m

Total Equity

720.5 m741 m718.3 m

Financial Leverage

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

Net Income

(16.9 m)28.7 m76.6 m

Depreciation and Amortization

73.7 m72.1 m51 m

Accounts Receivable

1.9 m4.1 m1.8 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)
USDY, 2016

Revenue/Employee

1.4 m

Financial Leverage

2.5 x

Investors Real Estate Trust Market Value History

Investors Real Estate Trust Online and Social Media Presence

Investors Real Estate Trust Company Life and Culture

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