NYSE:CSR

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Investors Real Estate Trust

Executive Summary

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. More Details


Snowflake Analysis

Average dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has Investors Real Estate Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CSR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CSR's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.7%

CSR

-4.4%

US REITs

-3.4%

US Market


1 Year Return

-8.4%

CSR

-8.5%

US REITs

29.4%

US Market

Return vs Industry: CSR matched the US REITs industry which returned -8.5% over the past year.

Return vs Market: CSR underperformed the US Market which returned 29.4% over the past year.


Shareholder returns

CSRIndustryMarket
7 Day-1.7%-4.4%-3.4%
30 Day-1.3%-0.2%0.6%
90 Day-0.2%2.1%6.3%
1 Year-4.3%-8.4%-4.2%-8.5%32.2%29.4%
3 Year68.1%46.1%31.5%15.5%51.3%41.7%
5 Year42.9%9.4%44.5%15.3%119.6%95.2%

Long-Term Price Volatility Vs. Market

How volatile is Investors Real Estate Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Investors Real Estate Trust undervalued compared to its fair value and its price relative to the market?

1.75x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CSR ($70.58) is trading above our estimate of fair value ($69.56)

Significantly Below Fair Value: CSR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CSR is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: CSR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CSR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CSR is overvalued based on its PB Ratio (1.8x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

How is Investors Real Estate Trust forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-41.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CSR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CSR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CSR's revenue (2.9% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: CSR's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CSR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Investors Real Estate Trust performed over the past 5 years?

50.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSR is currently unprofitable.

Growing Profit Margin: CSR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CSR is unprofitable, but has reduced losses over the past 5 years at a rate of 50.5% per year.

Accelerating Growth: Unable to compare CSR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CSR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-6.1%).


Return on Equity

High ROE: CSR has a negative Return on Equity (0.69%), as it is currently unprofitable.


Next Steps

Financial Health

How is Investors Real Estate Trust's financial position?


Financial Position Analysis

Short Term Liabilities: CSR's short term assets ($20.2M) do not cover its short term liabilities ($55.6M).

Long Term Liabilities: CSR's short term assets ($20.2M) do not cover its long term liabilities ($719.2M).


Debt to Equity History and Analysis

Debt Level: CSR's debt to equity ratio (106.6%) is considered high.

Reducing Debt: CSR's debt to equity ratio has reduced from 125.9% to 106.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CSR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CSR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 9.8% per year.


Next Steps

Dividend

What is Investors Real Estate Trust current dividend yield, its reliability and sustainability?

3.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CSR's dividend (3.97%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: CSR's dividend (3.97%) is in the top 25% of dividend payers in the US market (3.69%)


Stability and Growth of Payments

Stable Dividend: CSR's dividend payments have been volatile in the past 10 years.

Growing Dividend: CSR's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (89.1%), CSR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CSR's dividends in 3 years are forecast to be covered by earnings (69.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Mark Decker (44 yo)

3.92yrs

Tenure

US$1,609,755

Compensation

Mr. Mark O. Decker, Jr., serves as the Chief Executive Officer and Trustee at Investors Real Estate Trust (IRET) since April 27, 2017 and President since joining on August 5, 2016. Mr. Decker has capital m...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD1.61M) is about average for companies of similar size in the US market ($USD2.20M).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Decker
President3.92yrsUS$1.61m0.22%
$ 2.2m
John Kirchmann
Executive VP & CFO3.75yrsUS$879.10k0.10%
$ 1.0m
Anne Olson
Executive VP2.75yrsUS$1.04m0.038%
$ 370.0k
Nancy Andersen
Senior VP & Chief Accounting Officer6.08yrsUS$278.77kno data
Jonathan Bishop
Vice President Financeno datano datano data
Michelle Saari
Vice President of Marketing & Communications21.5yrsno datano data
Karin Wentz
Senior VP & Associate General Counsel14.17yrsno datano data
Grant Campbell
Senior Vice President of Investments2.75yrsno datano data
Julie Letner
Senior Vice President of Talent & Culture2.58yrsno datano data
Jean Denn
Senior Vice President of Operations2.17yrsno datano data
Susan Picotte
Vice President of Asset Management3.75yrsno datano data
Justin Hammer
Vice President of Operations3yrsno datano data

3.8yrs

Average Tenure

44yo

Average Age

Experienced Management: CSR's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Decker
President3.92yrsUS$1.61m0.22%
$ 2.2m
Terrance Maxwell
Independent Trustee7.33yrsUS$114.53k0.046%
$ 452.5k
Linda J. Keller
Independent Trustee9.5yrsUS$124.53k0.056%
$ 545.1k
Emily Nagle Green
Independent Trustee3.08yrsUS$124.53k0.028%
$ 270.1k
Mary Twinem
Independent Trustee3.08yrsUS$114.53k0.029%
$ 279.8k
Michael Dance
Independent Trustee4.92yrsUS$123.03k0.059%
$ 580.9k
John Schissel
Independent Trustee4.92yrsUS$114.53k0.038%
$ 368.0k
Jeffrey Caira
Independent Chairman of the Board3.92yrsUS$168.73k0.11%
$ 1.1m

4.4yrs

Average Tenure

60.5yo

Average Age

Experienced Board: CSR's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.6%.


Top Shareholders

Company Information

Investors Real Estate Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Investors Real Estate Trust
  • Ticker: CSR
  • Exchange: NYSE
  • Founded: 1970
  • Industry: Residential REITs
  • Sector: Real Estate
  • Implied Market Cap: US$978.142m
  • Market Cap: US$921.285m
  • Shares outstanding: 14.03m
  • Website: https://www.centerspacehomes.com

Number of Employees


Location

  • Investors Real Estate Trust
  • 3100 10th Street SW
  • Minot
  • North Dakota
  • 58702
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSRNYSE (New York Stock Exchange)YesCommon SharesUSUSDOct 1997
WXC1DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1997
CSR.PRCNYSE (New York Stock Exchange)6.625% CUM PFD CUSUSDSep 2017

Biography

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of September 30, 2020, we owned interests in 67 apartment commun...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 23:31
End of Day Share Price2021/03/03 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.