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Investors Real Estate Trust (IRET)

Dec 22, 2020 - Stock symbol was changed to CSR
Stock Price: $70.42 USD 0.00 (0.00%)
Updated Dec 18, 2021 4:00 PM EST
Market Cap 913.76M
Revenue (ttm) 178.23M
Net Income (ttm) 51.15M
Shares Out 12.83M
EPS (ttm) 4.16
PE Ratio 16.91
Forward PE n/a
Dividend $2.80
Dividend Yield 3.98%
Trading Day Dec 18, 2021
Last Price $70.42
Previous Close $70.42
Change ($) 0.00
Change (%) 0.00%
Day's Open -
Day's Range 67.00 - 73.37
Day's Volume 0
52-Week Range 43.43 - 81.90

News

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Seeking Alpha - 1 month ago

IRET's share price has nearly fully recovered since the start of the year, and occupancy has remained strong. However, some near-term headwinds remain, and the balance sheet is more leveraged ...

Seeking Alpha - 2 months ago

The pandemic-driven "urban exodus" hasn't yet shown signs of slowing. Apartment REITs in the coastal "shutdown cities" have been slammed as residents flee to lower-cost suburban markets and bu...

Other stocks mentioned: AIV, APTS, AVB, BRG, CPT, EQR, ESS, MAA, NXRT, SPY, UDR, VNQ
Seeking Alpha - 2 months ago

Investors Real Estate Trust's (IRET) CEO Mark Decker on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 2 months ago

Investors Real Estate Trust (IRET) delivered FFO and revenue surprises of 11.90% and 0.60%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for...

PRNewsWire - 2 months ago

MINNEAPOLIS, Nov. 2, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today its financial and operating results for the quarter ended September 30, 2020. The tables below show Net Income, Fund...

PRNewsWire - 3 months ago

MINNEAPOLIS, Oct. 13, 2020 /PRNewswire/ -- IRET (NYSE: IRET) provides update on operating performance for September 2020 and announces that it will release its third quarter 2020 operating res...

PRNewsWire - 3 months ago

MINNEAPOLIS, Sept. 22, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today it has acquired Parkhouse Apartment Homes in Thornton, Colorado, for an aggregate purchase price of $144,750,000. ...

PRNewsWire - 4 months ago

MINNEAPOLIS, Sept. 4, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that its Board of Trustees declared a regular quarterly distribution of $0.70 per share/unit, payable on October 9,...

PRNewsWire - 4 months ago

MINNEAPOLIS, Sept. 1, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that it sold four apartment communities consisting of 690 apartment homes in Grand Forks, North Dakota for an aggre...

Seeking Alpha - 5 months ago

Investors Real Estate Trust (IRET) CEO Mark Decker on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 5 months ago

Investors Real Estate Trust (IRET) delivered FFO and revenue surprises of 3.41% and -2.67%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the ...

PRNewsWire - 5 months ago

MINOT, N.D., Aug. 3, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today its financial and operating results for the quarter ended June 30, 2020.

Seeking Alpha - 5 months ago

I like IRET's recent portfolio transformation and non-gateway market concentration. The stock price is just too high today.

PRNewsWire - 6 months ago

MINNEAPOLIS, July 14, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that it will release its second quarter 2020 operating results after the market closes on Monday, August 3, 2020 an...

PRNewsWire - 6 months ago

MINNEAPOLIS, June 29, 2020 /PRNewswire/ -- IRET (NYSE: IRET) is proud to announce that it has been recognized for the first time as a Top Workplace for 2020 by the Minneapolis Star Tribune. Th...

PRNewsWire - 7 months ago

MINOT, N.D., June 5, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that its Board of Trustees declared a regular quarterly distribution of $0.70 per share/unit, payable on July 10, 20...

PRNewsWire - 7 months ago

MINNEAPOLIS, June 1, 2020 /PRNewswire/ -- IRET (NYSE: IRET) IRET is scheduled to present at Nareit's 2020 REITweek Virtual Investor Conference on June 2, 2020 at 1:40 PM ET. The presentation w...

PRNewsWire - 8 months ago

MINNEAPOLIS, May 18, 2020 /PRNewswire/ -- IRET (NYSE: IRET) published today its 2019 Environmental, Social, and Governance (ESG) Report. This is IRET's inaugural ESG report designed to showcas...

Seeking Alpha - 8 months ago

Investors Real Estate Trust (IRET) CEO Mark Decker on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 8 months ago

Investors Real Estate Trust (IRET) delivered FFO and revenue surprises of 9.76% and -0.88%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the...

GuruFocus - 9 months ago

With Covid-19 shutdowns shaking the economies of countries around the world, the demand for different types of properties is shifting as well.

Other stocks mentioned: FR, KIM, O
Zacks Investment Research - 10 months ago

Investors Real Estate Trust's (IRET) buyout of properties in well-connected locations at Minneapolis will likely generate higher cash flow and place the company well for a better growth trajec...

Seeking Alpha - 11 months ago

Investors Real Estate Trust (IRET) CEO Mark Decker on Q4 2019 Results - Earnings Call Transcript

Seeking Alpha - 11 months ago

Within the Hoya Capital Apartment REIT Index, we track the twelve largest apartment REITs, which account for roughly $140 billion in market value and more than 500,000 total housing units

Other stocks mentioned: AIV, APTS, AVB, BRG, CPT, EQR, ESS, IRT, MAA, NXRT, UDR
Zacks Investment Research - 1 year ago

Investors Real Estate Trust's (IRET) sell of 10 apartment communities comes as part of the company's portfolio-transformation efforts.

Seeking Alpha - 1 year ago

Investors Real Estate Trust's (IRET) CEO Mark Decker on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Investors Real Estate Trust's (IRET) buyout of properties in advantageous location in Denver and Minneapolis likely to result in higher-quality cash flow and position it for a better growth tr...

Zacks Investment Research - 1 year ago

Wednesday marked the worst day on Wall Street this year after the bond yield curve inverted, sending investors into a sell-off frenzy.

Other stocks mentioned: AMT, EGP, PLD
Seeking Alpha - 1 year ago

Investors Real Estate Trust (IRET) CEO Mark Decker on Q2 2019 Results - Earnings Call Transcript

Seeking Alpha - 1 year ago

Investors Real Estate Trust (IRET) CEO Mark Decker on Q1 2019 Results - Earnings Call Transcript

About IRET

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of September 30, 2020, we owned interests in 67 apartment communities consisting of 11,910 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PC, respectively).

Industry
REIT-Residential
IPO Date
Oct 17, 1997
CEO
Mark Decker
Employees
361
Stock Exchange
NYSE
Ticker Symbol
IRET
Full Company Profile

Financial Performance

In 2019, IRET's revenue was $185.76 million, an increase of 9.43% compared to the previous year's $169.75 million. Earnings were $78.67 million, a decrease of -32.64%.

Financial Statements