PR Newswire
MINOT, N.D., Sept. 20, 2018
MINOT, N.D., Sept. 20, 2018 /PRNewswire/ -- IRET
(NYSE: IRET) today announces that its Board of Trustees approved a change in IRET's fiscal year-end from April 30 to December 31. This change will take effect as of December 31,
2018, which means that IRET will have a transitional fiscal year for the period from May 1,
2018 through December 31, 2018. Starting in 2019, IRET's fiscal year will begin on
January 1 and end on December 31 in each year.
"We believe this is a positive development for IRET and its shareholders," said Mark O. Decker,
Jr., President and CEO. "The change in fiscal year-end to December 31 will bring our
financial reporting in line with our peers and should facilitate analysis and comparability of IRET for our shareholders and the
investment community."
About IRET
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of
apartment communities. As of July 31, 2018, IRET owns interests in 87 communities
consisting of 13,703 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on
the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively). IRET's press releases and supplemental
information are available on its website at www.iretapartments.com or by calling Investor Relations at 701-837-7104.
Contact Information
Jonathan Bishop
Vice President – Finance
Phone: 701-837-7104
E-mail: IR@iret.com
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SOURCE IRET
