Investors Real Estate Trust Declares Regular Quarterly Common Share Distribution, and Declares Series A and Series B Preferred Share Distributions

Dec 03, 2015, 16:49 ET from Investors Real Estate Trust

MINOT, N.D., Dec 3, 2015 /PRNewswire/ -- Investors Real Estate Trust (NYSE: IRET) (NYSE: IRET PR) (NYSE: IRET PRB) announced today that its Board of Trustees declared on December 3, 2015, a regular quarterly distribution of $0.1300 per share/unit payable on January 15, 2016 to common shareholders and unitholders of record at the close of business on January 4, 2016. 

This $0.1300 per common share/unit distribution will be the 179th consecutive quarterly distribution paid by IRET since its inception in 1970.  The previous regular quarterly distribution, also of $0.1300 per common share/unit, was paid October 1, 2015.

Investors Real Estate Trust's Board of Trustees also declared a distribution on December 3, 2015, of $0.515625 cents per share on the Company's Series A Cumulative Redeemable Preferred Shares (NYSE: IRET PR).  This distribution will be payable December 31, 2015 to Series A preferred shareholders of record at the close of business on December 15, 2015. Series A preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $2.0625 per share.

Also on December 3, 2015, the Board of Trustees declared a distribution of $0.496875 per share on the Company's 7.95% Series B Cumulative Redeemable Preferred Shares (NYSE: IRET PRB), payable December 31, 2015 to Series B preferred shareholders of record at the close of business on December 15, 2015. Series B preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $1.9875 per share.

About Investors Real Estate Trust

Investors Real Estate Trust is a self-advised equity real estate investment trust. Its business focus consists of owning and operating income-producing multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota. Investors Real Estate Trust is based in Minot, North Dakota, and has additional offices in Minneapolis and St. Cloud, Minnesota.

CONTACT:

Cindy Bradehoft

Director of Investor Relations

10050 Crosstown Circle, Suite 105

Eden Prairie, MN 55344

Phone: 952.401.4835

E-Mail: cbradehoft@iret.com

 

SOURCE Investors Real Estate Trust