IRET Announces First Quarter Fiscal 2019 Results

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Investors Real Estate Trust (IRET) Tops Q1 EPS by 8c, Revenues Beat

September 10, 2018 4:33 PM EDT

Investors Real Estate Trust (NYSE: IRET) reported Q1 EPS of $0.01, $0.08 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $45.95 million versus the consensus estimate of $44.94 million.

"We continued to improve as an organization in the first quarter of fiscal 2019," said Mark O. Decker, Jr., IRET\'s President and CEO. "Same-store NOI grew 2.8% year-over-year, with strong revenue growth in most markets and expense growth in line with our expectations.... More