Investors Real Estate Trust (IRET) Reports Q3 AFFO of $0.10
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IRET Announces Financial And Operating Results For The Quarter And Year-To-Date Ended January 31, 2017
March 13, 2017 4:15 PM EDTMINOT, N.D., March 13, 2017 /PRNewswire/ --Â IRET (NYSE: IRET) today reported its financial and operating results for the quarter and year-to-date ended January 31, 2017.
Third Quarter Fiscal Year 2017 Highlights
Total revenue was $51.2 million, up 5.7% from the third quarter of fiscal year 2016. Net income available to common shareholders was $19.2 million compared to $36.9 million for the third quarter of fiscal year 2016. The decrease was primarily due to gain on extinguishment of debt in discontinued operations that was recognized in the comparable period, net of an increase in gains... More