updated 3/4/2011 11:17:07 AM ET 2011-03-04T16:17:07

MINOT, N.D., March 4, 2011 (GLOBE NEWSWIRE) -- Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) has scheduled a conference call for Tuesday, March 15, 2011 at 9:00 a.m. Central Time, to discuss the Company's third quarter fiscal year 2011 financial and operating results.

IRET's quarterly report on Form 10-Q for the quarter ended January 31, 2011, will be filed with the Securities and Exchange Commission on Monday, March 14, 2011. The Company will also post on its website that day, and furnish via a Current Report on Form 8-K, an earnings release summarizing the financial and operational results reported in more detail in its Form 10-Q, and providing certain additional supplemental operating and financial data. The complete earnings release, along with the Supplemental Operating and Financial Data package, will also be available directly at the following web page no earlier than 4:30 p.m. ET on Monday, March 14, 2011:

www.iret.com/3rdQtrFY2011.pdf

During the conference call, IRET senior management will discuss the third quarter fiscal 2011 financial and operational results reported in the Form 10-Q and earnings release, and will respond to questions from analysts, investors and the public. The call will be limited to one hour, including questions and answers.

Conference call access information is as follows:

USA Toll Free Number: 1-877-317-6789

International Toll Free Number: +1 412-317-6789

Canada Toll Free Number: 1-866-605-3852

A webcast and transcript of the call will be archived on the "Investors/ Presentations & Events" page of IRET's website, http://www.iret.com , for one year. Questions regarding the conference call should be directed to IRET Investor Relations at landerson@iret.com.   

Investors Real Estate Trust is a self-advised equity real estate investment trust. Its business consists of owning and operating income-producing multi-family residential and commercial properties located primarily in the upper Midwest states of Minnesota and North Dakota. Investors Real Estate Trust is based in Minot, North Dakota, and has additional offices in Minneapolis, Minnesota and Omaha, Nebraska.

Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from projected results. Such risks, uncertainties and other factors include, but are not limited to: fluctuations in interest rates, the effect of government regulation, the availability of capital, changes in general and local economic and real estate market conditions, competition, our ability to attract and retain skilled personnel, and those risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission, including our 2010 Form 10-K. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

CONTACT: Lindsey Knoop Anderson
         3015 16th Street SW, Suite 100
         PO Box 1988
         Minot, North Dakota 58702-1988
         phone: 701.837.4738
         fax: 701.838.7785
         email: landerson@iret.com
         www.iret.com

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