Investors Real Estate Trust Reports Third Quarter 2010 Financial and Operating Results


MINOT, N.D., March 12, 2010 (GLOBE NEWSWIRE) -- Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) ("IRET" or the "Company"), today reported its financial and operating results for the three months ended January 31, 2010.

A complete financial and operating results earnings release is accessible on the main page of IRET's website at http://www.iret.com under the heading, "Recent Financial News". This release is also available at the following web page:

http://www.snl.com/irweblinkx/doc.aspx?IID=107231&DID=10891054

(Note: If clicking on the above links does not open up a new web page, you may need to cut and paste the above urls into your browser's address bar.)

The Company will host a conference call on Monday, March 15, 2010 at 9:00 a.m. Central Daylight Time to discuss these results. Conference Call access information is as follows:

USA Toll Free Number: 1-800-860-2442

International Toll Free Number: 1-412-858-4600

Company management will take questions during the conference call, following prepared remarks. The call will be limited to one hour, including questions and answers. A webcast and transcript of the call will be archived on the "Investors/Presentations & Events" page of IRET's website, http://www.iret.com for one year. Questions regarding the conference call should be directed to IRET's Investor Relations at landerson@iret.com.

Investors Real Estate Trust is a self-advised 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 states of Minnesota and North Dakota. 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: 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 2009 Form 10-K. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.



            

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