| INVESTORS REAL ESTATE TRUST (NASDAQ - IRET) | | | | 2006 Y
| 2007 Y
| 2008 Y
| 2009 Y
| |
Period Ended | 4/30/2006 | 4/30/2007 | 4/30/2008 | 4/30/2009 | | Revenues ($000) | | Interest Income | NA | 1,944 | 2,095 | 608 | | Rental Revenue | 172,799 | 197,817 | 221,170 | 240,005 | | Operating RE Revenue | 0 | 0 | 0 | 0 | | Partnership Income | 0 | 0 | 0 | 0 | | Property Management Revenue | 0 | 0 | 0 | 0 | | Franchise Fees | 0 | 0 | 0 | 0 | | Nonrecurring Revenue | 0 | 0 | 0 | 0 | | Other Noninterest Income | 1,241 | 721 | 665 | 314 | | Revenue | 174,040 | 200,482 | 223,930 | 240,927 | | | | Expenses ($000) | | Interest Expense | 52,275 | 58,450 | 63,439 | 68,743 | | Rental Operating Expense | 67,901 | 76,478 | 87,405 | 98,151 | | Operating RE Expense | 0 | 0 | 0 | 0 | | Real Estate Depreciation & Amortization | 37,043 | 45,322 | 51,256 | 56,295 | | Provision for Loan Losses | 0 | 0 | 0 | 0 | | Advisory Fees | 221 | 289 | 458 | 452 | | Other Depreciation & Amortization | 230 | 241 | 262 | 419 | | General & Administrative Expense | 3,674 | 4,162 | 4,745 | 4,430 | | Asset Writedowns | 409 | 0 | 0 | 338 | | Other Nonrecurring Expense | 0 | 0 | 0 | 0 | | Other Expense | 1,292 | 1,240 | 1,344 | 1,440 | | Expense | 163,045 | 186,182 | 208,909 | 230,268 | | | | Net Income ($000) | | Net Income before Gain on Sale of Real Estate | 10,995 | 14,300 | 15,021 | 10,659 | | Gain on Sale of Real Estate | 23 |
(38)
| 42 | 54 | | Total Minority Interest Expense | 2,347 | 3,203 | 0 | 0 | | Provision for Taxes | 0 | 0 | 0 | 0 | | Trust Preferred Distributions | 0 | 0 | 0 | 0 | | Net Income before Extraordinary | 8,671 | 11,059 | 15,063 | 10,713 | | Extraordinary Items | 2,896 | 3,051 | 566 | 0 | | Net Income | 11,567 | 14,110 | 15,629 | 10,713 | | Net Income Attributable to Noncontrolling Int | 0 | 0 | 3,541 | 2,187 | | Net Income Attributable to Parent | 11,567 | 14,110 | 12,088 | 8,526 | | Preferred Dividends | 2,372 | 2,372 | 2,372 | 2,372 | | Issue Costs of Redeemed Preferred Stock | 0 | 0 | 0 | 0 | | Net Income Avail to Common | 9,195 | 11,738 | 9,716 | 6,154 | | FFO | 46,711 | 56,994 | 64,182 | 64,622 | | Adjusted FFO | NA | NA | NA | NA | | Distributable Income | NA | NA | NA | NA | | | | Per Share Information ($) | | Diluted EPS after Extraordinary | 0.20 | 0.24 | 0.18 | 0.11 | | FFO /
Share | 0.79 | 0.88 | 0.87 | 0.81 | | Adjusted FFO per Share | NA | NA | NA | NA | | Distributable Income per Share | NA | NA | NA | NA | | Regular Dividends Paid | 0.65 | 0.66 | 0.67 | 0.68 | | Regular Dividends Declared | 0.65 | 0.66 | 0.67 | 0.68 | | Total Dividends Paid | 0.65 | 0.66 | 0.67 | 0.68 | | Common Dividends Declared | 0.65 | 0.66 | 0.67 | 0.68 | | Avg Diluted Shares Out
(actual)
| 59,046,000 | 64,689,000 | 73,477,000 | 79,820,000 | | |
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