Investors Real Estate Trust
Investors Real Estate Trust | Prospectus excerpt: We are offering and selling 1,000,000 of our 8.25% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, which we refer to in this prospectus supplement as our Series A preferred shares. We will pay quarterly cumulative distributions, in arrears, on our Series A preferred shares from and including the date of original issue. These distributions will be payable in arrears on March 31, June 30, September 30 and December 31 of each year, when, as and if declared, beginning on June 30, 2004, at a yearly rate of 8.25% of the $25.00 liquidation preference, or $2.0625 per Series A preferred share per year. Our Series A preferred shares are subject to redemption as described in this prospectus supplement. Our Series A preferred shares have no stated maturity, are not subject to any sinking fund and will remain outstanding indefinitely unless redeemed. Our Series A preferred shares are not convertible into, or exchangeable for, any of our other securities or property. Owners of our Series A preferred shares will generally have no voting rights, but will have limited voting rights if we fail to pay distributions for six or more quarters and under certain other circumstances. Our Series A preferred shares are subject to restrictions on ownership and transfer designed to preserve our qualification as a real estate investment trust, or REIT. See ôDescription of Series A Preferred Shares ù Restrictions on Ownershipö beginning on page S-31 of this prospectus supplement.
Full Prospectus PDF », IRET Page »
IRET.PR — KEY STATS
Series: A
Alternate symbology: IRET-, IRET-P, IRETpr
Redeemable?: Yes
Call Date: 4/26/2009 (Now Trading Post Call Date)
Perpetual?: Yes
Cumulative?: Yes
Shares Offered: 1,000,000
Overallotment: 150,000
Liquidation Preference: $25
Original Coupon: 8.25%
Pay Period: Quarterly
Pay Dates: 31-Mar, 30-Jun, 30-Sep, 31-Dec
ABOUT INVESTORS REAL ESTATE TRUST (IRET)
Investors Real Estate Trust | is a real estate investment trust focused on the ownership, management, acquisition, development, and redevelopment of apartment communities. Co. conducts a majority of its business activities through its consolidated operating partnership, IRET Properties, a North Dakota Limited Partnership, as well as through several other subsidiary entities.
Preferreds: IRETP, IRET.PRB, IRET.PR, IRET.PRC
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IRET — KEY STATS (UPDATED FRIDAY, OCTOBER 2, 10:18 AM)
Name: Investors Real Estate Trust
Website: www.iret.com
Sector: REITs
Number of ETFs Holding IRET: 56 (see which ones)
Total Market Value Held by ETFs: $295,461,924
Total Market Capitalization: $836,000,000
% of Market Cap. Held by ETFs: 35.34%
IRET.PR — DIVIDEND HISTORY CHART
IRET.PR Dividend History Chart
Investors Real Estate Trust |
Set to Join S&P SmallCap 600
NEW YORK, Feb. 4, 2020 /PRNewswire/ -- Investors Real Estate Trust (NYSE: IRET) will replace Innophos Holdings Inc. (NASD: IPHS) in the S&P SmallCap 600 effective prior to the open of trading on Monday, February 10. One Rock Capital Partners is acquiring Innophos Holdings in a transaction expected to be completed soon pending final conditions.
Investors Real Estate Trust is a publicly traded REIT that focuses on the ownership, management, acquisition, redevelopment, and development of apartment communities. Headquartered in Minot, ND, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Residential REITs Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – February 10, 2020 | |||
COMPANY | GICS ECONOMIC | GICS SUB-INDUSTRY | |
ADDED | Investors Real Estate | Real Estate | Residential REITs |
DELETED | Innophos Holdings | Materials | Specialty Chemicals |
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