Investors Real Estate Trust
Market Cap
US$978.1m
Last Updated
2021/03/03 23:31 UTC
Data Sources
Company Financials +
Executive Summary
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. More Details
Risk Analysis
Earnings are forecast to decline by an average of 41% per year for the next 3 years
Currently unprofitable and not forecast to become profitable over the next 3 years
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
| CSR | Industry | Market | |
|---|---|---|---|
| 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 Year | 68.1%46.1% | 31.5%15.5% | 51.3%41.7% |
| 5 Year | 42.9%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
1 month ago | Simply Wall St
Do Investors Real Estate Trust's (NYSE:CSR) Earnings Warrant Your Attention?5 months ago | Simply Wall St
I Ran A Stock Scan For Earnings Growth And Investors Real Estate Trust (NYSE:IRET) Passed With Ease6 months ago | Simply Wall St
How Much Did Investors Real Estate Trust's (NYSE:IRET) CEO Pocket Last Year?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.92yrs | US$1.61m | 0.22% $ 2.2m | |
| Executive VP & CFO | 3.75yrs | US$879.10k | 0.10% $ 1.0m | |
| Executive VP | 2.75yrs | US$1.04m | 0.038% $ 370.0k | |
| Senior VP & Chief Accounting Officer | 6.08yrs | US$278.77k | no data | |
| Vice President Finance | no data | no data | no data | |
| Vice President of Marketing & Communications | 21.5yrs | no data | no data | |
| Senior VP & Associate General Counsel | 14.17yrs | no data | no data | |
| Senior Vice President of Investments | 2.75yrs | no data | no data | |
| Senior Vice President of Talent & Culture | 2.58yrs | no data | no data | |
| Senior Vice President of Operations | 2.17yrs | no data | no data | |
| Vice President of Asset Management | 3.75yrs | no data | no data | |
| Vice President of Operations | 3yrs | no data | no data |
3.8yrs
Average Tenure
44yo
Average Age
Experienced Management: CSR's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.92yrs | US$1.61m | 0.22% $ 2.2m | |
| Independent Trustee | 7.33yrs | US$114.53k | 0.046% $ 452.5k | |
| Independent Trustee | 9.5yrs | US$124.53k | 0.056% $ 545.1k | |
| Independent Trustee | 3.08yrs | US$124.53k | 0.028% $ 270.1k | |
| Independent Trustee | 3.08yrs | US$114.53k | 0.029% $ 279.8k | |
| Independent Trustee | 4.92yrs | US$123.03k | 0.059% $ 580.9k | |
| Independent Trustee | 4.92yrs | US$114.53k | 0.038% $ 368.0k | |
| Independent Chairman of the Board | 3.92yrs | US$168.73k | 0.11% $ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CSR | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 1997 |
| WXC1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 1997 |
| CSR.PRC | NYSE (New York Stock Exchange) | 6.625% CUM PFD C | US | USD | Sep 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 23:31 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.