IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. More Details
+ 1 more risk
Proven track record 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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IRET exceeded the US REITs industry which returned -15.1% over the past year.
Return vs Market: IRET underperformed the US Market which returned 19.5% 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
1 month ago | Simply Wall StI Ran A Stock Scan For Earnings Growth And Investors Real Estate Trust (NYSE:IRET) Passed With Ease
2 months ago | Simply Wall StHow Much Did Investors Real Estate Trust's (NYSE:IRET) CEO Pocket Last Year?
2 months ago | Simply Wall StWhat Is The Ownership Structure Like For Investors Real Estate Trust (NYSE:IRET)?
Is Investors Real Estate Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IRET ($68.95) is trading above our estimate of fair value ($60.53)
Significantly Below Fair Value: IRET is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IRET is good value based on its PE Ratio (13.1x) compared to the US REITs industry average (34x).
PE vs Market: IRET is good value based on its PE Ratio (13.1x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: IRET's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: IRET is overvalued based on its PB Ratio (1.7x) compared to the US REITs industry average (1.4x).
How is Investors Real Estate Trust forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRET's earnings are forecast to decline over the next 3 years (-33.8% per year).
Earnings vs Market: IRET's earnings are forecast to decline over the next 3 years (-33.8% per year).
High Growth Earnings: IRET's earnings are forecast to decline over the next 3 years.
Revenue vs Market: IRET's revenue (1.9% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: IRET's revenue (1.9% 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 IRET'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 has a large one-off gain of $90.1M impacting its June 30 2020 financial results.
Growing Profit Margin: IRET's current net profit margins (34.7%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: IRET has become profitable over the past 5 years, growing earnings by 39.1% per year.
Accelerating Growth: IRET's earnings growth over the past year (418.5%) exceeds its 5-year average (39.1% per year).
Earnings vs Industry: IRET earnings growth over the past year (418.5%) exceeded the REITs industry 3.3%.
Return on Equity
High ROE: IRET's Return on Equity (11.1%) is considered low.
How is Investors Real Estate Trust's financial position?
Financial Position Analysis
Short Term Liabilities: IRET's short term assets ($55.2M) exceed its short term liabilities ($54.9M).
Long Term Liabilities: IRET's short term assets ($55.2M) do not cover its long term liabilities ($655.9M).
Debt to Equity History and Analysis
Debt Level: IRET's debt to equity ratio (98.8%) is considered high.
Reducing Debt: IRET's debt to equity ratio has reduced from 118.9% to 98.8% over the past 5 years.
Debt Coverage: IRET's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: IRET's interest payments on its debt are not well covered by EBIT (0.5x coverage).
What is Investors Real Estate Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRET's dividend (4.06%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: IRET's dividend (4.06%) is low compared to the top 25% of dividend payers in the US market (4.66%).
Stability and Growth of Payments
Stable Dividend: IRET's dividend payments have been volatile in the past 10 years.
Growing Dividend: IRET's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (94.3%), IRET's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IRET's dividends in 3 years are forecast to be covered by earnings (76.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Decker (44 yo)
Mr. Mark O. Decker, Jr., serves as the Chief Executive Officer and Trustee at Investors Real Estate Trust (IRET) since April 27, 2017 and President since joining on August 5, 2016. Mr. Decker has capital m ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.61M) is below average for companies of similar size in the US market ($USD2.82M).
Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.
|Executive VP & CFO||3.33yrs||US$879.10k||0.10% |
|Executive VP||2.33yrs||US$1.04m||0.038% |
|Senior VP & Chief Accounting Officer||5.67yrs||US$278.77k||no data|
|Vice President Finance||no data||no data||no data|
|Vice President of Marketing & Communications||21.08yrs||no data||no data|
|Senior VP & Associate General Counsel||13.75yrs||no data||no data|
|Senior Vice President of Investments||2.33yrs||no data||no data|
|Senior Vice President of Talent & Culture||2.17yrs||no data||no data|
|Senior Vice President of Operations||1.75yrs||no data||no data|
|Vice President of Asset Management||3.33yrs||no data||no data|
|Vice President of Operations||2.58yrs||no data||no data|
Experienced Management: IRET's management team is considered experienced (3.3 years average tenure).
|Independent Trustee||6.92yrs||US$114.53k||0.047% |
|Independent Trustee||9.08yrs||US$124.53k||0.057% |
|Independent Trustee||2.67yrs||US$124.53k||0.028% |
|Independent Trustee||2.67yrs||US$114.53k||0.029% |
|Independent Trustee||4.5yrs||US$123.03k||0.060% |
|Independent Trustee||4.5yrs||US$114.53k||0.038% |
|Independent Chairman of the Board||3.5yrs||US$168.73k||0.12% |
Experienced Board: IRET's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IRET insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.8%.
Investors Real Estate Trust's company bio, employee growth, exchange listings and data sources
- Name: Investors Real Estate Trust
- Ticker: IRET
- Exchange: NYSE
- Founded: 1970
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$971.487m
- Market Cap: US$884.401m
- Shares outstanding: 13.85m
- 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 June 30, 2020, we owned interests in 70 apartment communities ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/20 00:27|
|End of Day Share Price||2020/10/19 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.