Investors Real Estate Trust, Inc.

Symbol: IRET
CIK: 798359
Exchange: NYSE
Founded: 1970 (49 years)
HQ: Minot, ND, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified, Residential, Office, Retail, Health Care

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See IRET on SEC.gov

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Overall Score: 6.6

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 19, 2019


Open Price: $75.16
Closing Price: $74.71
Price Change: -0.28 (-0.373%)
Lowest Price: $74.323
Highest Price: $75.25

52-Week Low: $46.30
52-Week High: $79.00
52-Week Change: 39.65%

5 Day Price Change: 1.75%
1 Month Price Change: -4.63%
3 Month Price Change: 6.54%
6 Month Price Change: 27.49%
YTD Price Change: 50.22%
1 Year Price Change: 39.65%
2 Year Price Change: 25.34%
5 Year Price Change: -9.60%

Dividend of Trading Day November 19, 2019


Dividend Yield: 3.748%*
Annualized Dividend: $2.8*
Dividend Yield (TTM): 6.534%
Annualized Dividend (TTM): $4.9
Ex Dividend Date: 2019-09-13
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

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Key Stats of Trading Day November 19, 2019


Total Cash: $19,256,000
Current Debt: $86,087,000
Revenue: $184,558,500
Gross Profit: $27,301,500
Total Revenue: $184,558,500
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $88,267,500
Revenue Per Share: $16
Revenue Per Employee: $424,272
Employee: 435
Debt to Equity Ratio (D/E): 1.14
Profit Margin: -0.04%
Enterprise Value (EV): $1,584,606,008
Enterprise Value to Revenue (EV/R): 8.59
Price to Sales (P/S): 5.19
Price to Book (P/B): 1.52
Peg Ratio: N/A
P/E Ratio: N/A
P/E High: 49.07
P/E Low: 28.76
Forward P/E Ratio: 71.71
Market Capitalization: $959,844,196
Beta: 0.61
Latest Volume: 55,342.00
Avg. Total Volume: 76,316
Avg. 10 Volume: 106,685.20
Avg. 30 Volume: 76,316.43
TTM EPS: N/A
TTM Dividend Rate: 4.90
Shares Outstanding: 11,624,600
Float: 11,480,501.46
50-Day Moving Avg.: 74.19
200-Day Moving Avg.: 64.52

Properties Owned by IRET


Properties owned:
86
Types:
1
States:
8
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
IRET Sample Property
Website Logo See list of properties owned by IRET
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by IRET, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-10-31
Current Cash 11,839,000 22,078,000 28,148,000 17,862,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 30,589,000 30,626,000 29,166,000 29,769,000
Net Tangible Assets 564,141,000 546,526,000 564,597,000 586,484,000
Total Assets 1,403,804,000 1,347,808,000 1,371,312,000 1,357,740,000
Accounts Payable 0 0 0 0
Liabilities (Other) 40,546,000 44,766,000 40,697,000 27,920,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 1,599,000 10,896,000 25,926,000 4,870,000
Long-term Debt 731,436,000 681,586,000 667,737,000 656,135,000
Total Liabilities 773,581,000 737,248,000 734,360,000 688,925,000
Minority Interest 2,962,000 -6,000 -1,319,000 -1,053,000
Common Stock 11,625,000 888,541,000 895,381,000 900,526,000
Retained Earnings -428,680,000 -450,433,000 -443,661,000 -416,819,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 564,141,000 546,526,000 564,597,000 586,484,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-10-31
Total Revenue 47,492,000 46,934,000 45,608,000 45,638,000
Cost of Revenue 40,214,000 39,398,000 39,701,000 39,846,000
Gross Profit 7,278,000 7,536,000 5,907,000 5,792,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 43,662,000 42,947,000 43,507,000 43,220,000
Operating Income 3,830,000 3,987,000 2,101,000 2,418,000
Income Expense Net (Other) 30,888,000 -720,000 -8,061,000 -8,029,000
EBIT 3,830,000 3,987,000 2,101,000 2,418,000
Interest Income 7,750,000 7,590,000 7,896,000 7,997,000
Pretax Income 34,718,000 3,267,000 -5,960,000 -5,611,000
Income Tax 0 0 0 0
Minority Interest 2,962,000 -6,000 -1,319,000 -1,053,000
Net Income 31,756,000 3,273,000 -4,641,000 -4,558,000
Net Income Basic 29,891,000 1,407,000 -6,403,000 -6,264,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-10-31
Net Income 31,756,000 3,273,000 -4,641,000 -4,558,000
Depreciation 19,033,000 18,723,000 18,413,000 19,578,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -10,239,000 -6,070,000 8,892,000 -2,502,000
Cash Flow 23,036,000 22,314,000 6,292,000 12,490,000
Capital Expenditures -5,543,000 -5,516,000 -801,000 -3,453,000
Investments -42,810,000 4,772,000 -26,068,000 2,203,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -48,388,000 -730,000 -26,760,000 -191,000
Dividends Paid -20,073,000 -10,009,000 -8,336,000 -10,072,000
Net Borrowings 39,317,000 -1,849,000 47,674,000 -3,479,000
Cash Flow Financing 15,113,000 -27,654,000 29,360,000 -14,801,000
Financing Cash Flows (Other) -1,774,000 -966,000 -1,007,000 -1,248,000
Exchange Rate Effect 0 0 0 0

About Investors Real Estate Trust, Inc.


IRET focuses on the acquisition, development, redevelopment and management of multifamily communities located primarily in select growth markets throughout the Midwest. As of April 30, 2017, IRET owned interests in 129 properties that were held for investment, consisting of: (1) 87 multifamily properties containing 12,855 units, and (2) 42 commercial properties, including 29 healthcare properties, containing a total of approximately 2.6 million square feet of leasable space. IRET's common shares and Series B preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRETPRB, respectively).

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.0
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
8 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
3 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
6.6 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.