MINOT, N.D., Sept. 3, 2014 /PRNewswire/ -- Investors Real Estate Trust (NYSE: IRET) (NYSE: IRET PR) (NYSE: IRET PRB) announced today that its Board of Trustees declared on September 3, 2014, a regular quarterly distribution of $0.1300 per share/unit payable on October 1, 2014 to common shareholders and unitholders of record at the close of business on September 15, 2014.
This $0.1300 per common share/unit distribution will be the 174th 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 July 1, 2014.
Investors Real Estate Trust's Board of Trustees also declared a distribution on September 3, 2014, of $0.515625 cents per share on the Company's Series A Cumulative Redeemable Preferred Shares (NYSE: IRET PR). This distribution will be payable September 30, 2014 to Series A preferred shareholders of record at the close of business on September 15, 2014. Series A preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $2.0625 per share.
Also on September 3, 2014, 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 September 30, 2014 to Series B preferred shareholders of record at the close of business on September 15, 2014. 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 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 St. Cloud, Minnesota.
CONTACT INFO
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
SOURCE Investors Real Estate Trust