IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities.
Undervalued second-rate dividend payer.
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: IRET.PRC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IRET.PRC exceeded the US REITs industry which returned -20.1% over the past year.
Return vs Market: IRET.PRC exceeded the US Market which returned -10.4% over the past year.
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
No news available
Is Investors Real Estate Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IRET.PRC ($24.63) is trading below our estimate of fair value ($33.08)
Significantly Below Fair Value: IRET.PRC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IRET.PRC is good value based on its PE Ratio (8.6x) compared to the REITs industry average (24.3x).
PE vs Market: IRET.PRC is good value based on its PE Ratio (8.6x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: IRET.PRC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: IRET.PRC is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.3x).
How is Investors Real Estate Trust forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRET.PRC's earnings are forecast to decline over the next 3 years (-117.4% per year).
Earnings vs Market: IRET.PRC's earnings are forecast to decline over the next 3 years (-117.4% per year).
High Growth Earnings: IRET.PRC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: IRET.PRC's revenue (2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: IRET.PRC's revenue (2% 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 IRET.PRC's Return on Equity is forecast to be high in 3 years time
How has Investors Real Estate Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRET.PRC has a large one-off gain of $100.7M impacting its December 31 2019 financial results.
Growing Profit Margin: IRET.PRC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: IRET.PRC has become profitable over the past 5 years, growing earnings by 16.3% per year.
Accelerating Growth: IRET.PRC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IRET.PRC has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (5%).
Return on Equity
High ROE: IRET.PRC's Return on Equity (12.2%) is considered low.
How is Investors Real Estate Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: IRET.PRC has a high level of physical assets or inventory.
Debt Coverage by Assets: IRET.PRC's debt is not covered by short term assets (assets are 0.1x debt).
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: IRET.PRC is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: IRET.PRC is profitable, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: IRET.PRC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if IRET.PRC has a sufficient allowance for bad loans.
Low Risk Liabilities: IRET.PRC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if IRET.PRC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: IRET.PRC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if IRET.PRC has an appropriate level of bad loans.
What is Investors Real Estate Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRET.PRC's dividend (5.33%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: IRET.PRC's dividend (5.33%) is low compared to the top 25% of dividend payers in the US market (5.4%).
Stability and Growth of Payments
Stable Dividend: IRET.PRC's dividend payments have been volatile in the past 10 years.
Growing Dividend: IRET.PRC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.8%), IRET.PRC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IRET.PRC's dividends in 3 years are forecast to be thoroughly covered by earnings (5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Decker (43yo)
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 ($USD1.25M) is below average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||2.67yrs||US$747.21k||0.091% $686.6k|
|Executive VP||1.67yrs||US$928.79k||0.023% $171.9k|
|Senior VP & Chief Accounting Officer||5yrs||US$278.77k||no data|
|Vice President Finance||no data||no data||no data|
|Vice President of Marketing & Communications||20.42yrs||no data||no data|
|Senior VP & Associate General Counsel||13.17yrs||no data||no data|
|Senior Vice President of Investments||1.67yrs||no data||no data|
|Senior Vice President of Talent & Culture||1.58yrs||no data||no data|
|Senior Vice President of Operations||1.17yrs||no data||no data|
Experienced Management: IRET.PRC's management team is considered experienced (2.7 years average tenure).
|Independent Trustee||6.25yrs||US$73.86k||0.042% $313.3k|
|Independent Trustee||8.42yrs||US$80.53k||0.055% $411.7k|
|Independent Trustee||2yrs||US$71.69k||0.011% $82.1k|
|Independent Trustee||2yrs||US$68.86k||0.022% $169.6k|
|Independent Trustee||3.83yrs||US$79.54k||0.056% $420.1k|
|Independent Trustee||3.83yrs||US$75.23k||0.032% $243.0k|
|Independent Chairman of the Board||2.83yrs||US$115.79k||0.11% $831.8k|
Experienced Board: IRET.PRC's board of directors are considered experienced (3.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Investors Real Estate Trust's company bio, employee growth, exchange listings and data sources
- Name: Investors Real Estate Trust
- Ticker: IRET.PRC
- Exchange: NYSE
- Founded: 1970
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$754.429m
- Market Cap: US$635.801m
- Shares outstanding: 13.16m
- Website: https://www.iretapartments.com
Number of Employees
- Investors Real Estate Trust
- 1400 31st Avenue SW
- Suite 60
- North Dakota
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IRET||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Oct 1997|
|WXC1||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 1997|
|IRET.PRC||NYSE (New York Stock Exchange)||6.625% CUM PFD C||US||USD||Sep 2017|
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of December 31, 2019, IRET owned interests in 69 apartment communities consisting of 11,953 homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET-PC, respectively).
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 03:30|
|End of Day Share Price||2020/03/30 00:00|
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.