Investors Real Estate Trust Reports Fiscal Year-End and Fourth Quarter 2012 Financial and Operating Results and Announces Cha...
June 29 2012 - 5:19PM
Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) today
reported its financial and operating results for the year and three
months ended April 30, 2012.
A complete financial and operating results earnings release is
accessible at the "Investor" section of IRET's website at
http://www.iret.com. It is also available directly at the
following web page:
http://www.snl.com/Cache/13770824.pdf?O=3&IID=107231&OSID=9&FID=13770824
(Note: If clicking on the above link does not open up a new web
page, you may need to cut and paste the above url into your
browser's address bar.)
The Company will host a conference call on Monday, July 2, 2012
at 9:00 a.m. Central Daylight Time to discuss these
results. Conference Call access information is as follows:
USA Toll Free Number: 1-877-317-6789
International Toll Free Number: 1-412-317-6789
Canada Toll Free Number: 1-866-605-3852
A replay of the call will be archived on the
"Investors/Presentations and Events" page of IRET's website,
http://www.iret.com, through Monday, July 1, 2013.
Questions regarding the conference call should be directed to
IRET's Investor Relations at landerson@iret.com.
Separately, the Company also announced that it has filed a
Current Report on Form 8-K to report the appointment of Grant
Thornton LLP ("Grant Thornton") as its independent registered
public accounting firm, replacing Deloitte & Touche LLP
("Deloitte"). Deloitte's audit services to the Company will cease
effective as of the date of issuance of Deloitte's audit report for
the fiscal year ended April 30, 2012 and the filing of the
Company's Annual Report on Form 10-K. Grant Thornton will begin
providing services to the Company for the first quarter of the
Company's current fiscal year 2013. The Company's Audit Committee
approved the transition from Deloitte to Grant Thornton, and the
Company notes that the decision to change auditors resulted from a
Request for Proposals process undertaken by Company management at
the direction of the Audit Committee, and was not the result of any
disagreement between the Company and Deloitte on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedure.
About Investors Real Estate Trust
Investors Real Estate Trust is an equity real estate investment
trust. Its business consists of owning and operating
income-producing multi-family residential and commercial properties
located primarily in the upper Midwest. Investors Real Estate
Trust is based in Minot, North Dakota, and has additional offices
in Minneapolis, Minnesota and Omaha, Nebraska.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results to differ materially from projected results. Such risks,
uncertainties and other factors include, but are not limited to:
our stated intentions or expectations regarding our common share
and unit distributions, fluctuations in interest rates, the effect
of government regulation, the availability of capital, changes in
general and local economic and real estate market conditions,
competition, our ability to attract and retain skilled personnel,
and those risks and uncertainties detailed from time to time in our
filings with the Securities and Exchange Commission, including our
2011 Form 10-K. We assume no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.
CONTACT: Lindsey Knoop Anderson
Director of Investor Relations
1400 31st Ave SW, Suite 60
PO Box 1988
Minot, North Dakota 58702-1988
phone: 701.837.4738
fax: 701.838.7785
email: landerson@iret.com
Investors Real Estate Trust - Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (MM) (NASDAQ:IRETP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Investors Real Estate Trust - Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (MM) (NASDAQ:IRETP)
Historical Stock Chart
From Jul 2023 to Jul 2024