IRET Announces Distributions for the Third Quarter of Fiscal Year 2019

MINOT, N.D., Dec. 5, 2018 /PRNewswire/ -- IRET IRET announced today that its Board of Trustees declared a regular quarterly distribution of $0.07 per share/unit, payable on January 15, 2019, to common shareholders and unitholders of record at the close of business on January 2, 2019.  This distribution will be the 191^st consecutive quarterly distribution paid by IRET since its inception in 1970.

The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares IRET, payable on December 31, 2018, to holders of record at the close of business on December 17, 2018.  Series C preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $1.65625 per share.

About IRET

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities.  As of July 31, 2018, IRET owned interests in 87 communities consisting of 13,702 apartment homes.  IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively).  IRET's press releases and supplemental information are available on its website at www.iretapartments.com or by calling Investor Relations at 701-837-7104.

Contact Information

Jonathan Bishop

Vice President – Finance

Phone: 701-837-7104

E-mail: IR@iret.com

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SOURCE IRET