IRET Announces Distributions for the First Quarter of Fiscal Year 2019

MINOT, N.D., June 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 July 2, 2018, to common shareholders and unitholders of record at the close of business on June 15, 2018.  This distribution will be the 189th 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 July 2, 2018, to holders of record at the close of business on June 15, 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.  IRET owns interests in 90 communities consisting of 14,176 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
Matthew Volpano
Senior Vice President – Capital Markets
Phone: 701-837-7104
E-mail: IR@iret.com

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SOURCE IRET