| Business Summary | | Investors
Real
Estate
Trust
is
a
self-administered
and
externally
managed
equity
real
estate
investment
trust.
The
Company's
principal
source
of
operating
revenue
is
rental
income
from
real
estate
properties
owned
by
its
operating
partnership.
A
minor
amount
of
revenue
is
derived
from
interest
income
from
mortgages
and
contracts
for
deed
secured
by
real
estate,
interest
on
investments
in
government
securities
and
interest
on
savings
deposits.
The
Company
has
commercial
properties
in
Minnesota,
Montana,
and
South
Dakota;
apartment
communities
in
Colorado,
Idaho,
Iowa,
Minnesota,
Montana,
Nebraska,
North
Dakota;
and
other
communities
located
in
North
Dakota,
South
Dakota,
Texas,
Washington. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Investors
Real
Estate
Trust
is
a
REIT
that
invests
in
commercial
and
residential
real
estate,
real
estate
contracts,
governmental
backed
securities
and
equity
securities
in
other
REITs,
with
properties
located
in
the
Upper
Midwest.
For
the
fiscal
year
ended
4/30/01,
total
revenues
increased
37%
to
$75.8
million.
Net
income
decreased
1%
to
$8.7
million.
Results
reflect
increased
rental
income
due
to
property
acquisitions,
offset
by
higher
interest
and
depreciation. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Jeffrey Miller, 57 Chairman
of Trustees | -- | Thomas Wentz, Sr., 66 Pres,
CEO | $121K | Daniel Feist, 69 Vice
Chairman, Trustee | -- | C. Morris Anderson, 72 Vice
Chairman of Trustees | -- | Diane Bryantt, 37 CFO,
Sec. | 67K | Dollar amounts are as of 30-Apr-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|