updated 1/3/2011 12:47:53 PM ET 2011-01-03T17:47:53

MINOT, N.D., Jan. 3, 2011 (GLOBE NEWSWIRE) -- Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) today announced the final tax treatment (Form 1099) for calendar year 2010 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their Investors Real Estate Trust distributions. None of the following 2010 calendar year distributions is eligible for treatment as "qualified dividend income."

Security

Description
Record 

Date
Payable

Date
Cash Distribution

Per Share
Ordinary

Taxable Distribution
Return of 

Capital
Total

Capital Gain
  01/04/10 01/15/10 $0.1715 $0.0489 $0.1226 $0.0000
Common Shares 03/15/10 04/01/10 $0.1715 $0.0489 $0.1226 $0.0000
CUSIP: 461730103 06/15/10 07/01/10 $0.1715 $0.0489 $0.1226 $0.0000
Symbol: IRET 09/15/10 10/01/10 $0.1715 $0.0489 $0.1226 $0.0000
    TOTALS $0.6860 $0.1956 $0.4904 $0.0000
             
Security

Description
Record 

Date
Payable

Date
Cash Distribution

Per Share
Ordinary

Taxable Distribution
Return of 

Capital
Total

Capital Gain
  03/15/10 03/31/10 $0.515625 $0.515625 $0.0000 $0.000000
Series A 06/15/10 06/30/10 $0.515625 $0.515625 $0.0000 $0.000000
Preferred Shares 09/15/10 09/30/10 $0.515625 $0.515625 $0.0000 $0.000000
CUSIP: 461730202 12/20/10 12/30/10 $0.515625 $0.515625 $0.0000 $0.000000
Symbol: IRETP    TOTALS $2.062500 $2.062500 $0.0000 $0.000000

Investors Real Estate Trust is a real estate investment trust headquartered in Minot, North Dakota, with additional offices in Minneapolis, Minnesota, and Omaha, Nebraska. As of October 31, 2010, IRET owned 174 commercial properties consisting of commercial office, medical, industrial and retail properties, with a total of approximately 12.0 million square feet, and 77 multi-family apartment communities with a total of 9,187 units, with properties located primarily in the Midwest. For more company information, visit the Investors Real Estate Trust website at www.iret.com .

CONTACT:  Investors Real Estate Trust
          Michelle R. Saari, VP - Marketing & Communications
          701.837.4738
          Fax: 701.838.7785
          msaari@iret.com
          3015 16th Street SW, Suite 100
          PO Box 1988
          Minot, North Dakota 58702-1988

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