IRET Reports Second Quarter 2020 Financial and Operating Results

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Go back to IRET Reports Second Quarter 2020 Financial and Operating Results

Investors Real Estate Trust (IRET) Tops Q2 EPS by 5c, Revenues Miss

August 3, 2020 5:01 PM EDT

Investors Real Estate Trust (NYSE: IRET) reported Q2 EPS of ($0.44), $0.05 better than the analyst estimate of ($0.49). Revenue for the quarter came in at $43.91 million versus the consensus estimate of $44.46 million.

Second Quarter 2020 Highlights

Our Net Loss was $(0.44) per diluted share for the second quarter of 2020, compared to Net Income of $0.11 per diluted share for the same period of 2019;Core FFO increased 2.3% to $1.81 per diluted share... More