MINOT, N.D., Sept. 5, 2018 /PRNewswire/ -- IRET
(NYSE: IRET) announced today that its Board of Trustees
declared a regular quarterly distribution of $0.07 per share/unit, payable on October 1, 2018, to common shareholders and
unitholders of record at the close of business on September 17, 2018. This distribution will
be the 190th 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
(NYSE: IRET PRC), payable on October 1, 2018, to holders of record at the
close of business on September 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 owns interests in
87 communities consisting of 13,703 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 – Investments
Phone: 701-837-7104
E-mail: IR@iret.com
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SOURCE IRET