updated 6/6/2011 3:45:51 PM ET 2011-06-06T19:45:51

MINOT, N.D., June 6, 2011 (GLOBE NEWSWIRE) -- Investors Real Estate Trust (Nasdaq:IRET) advised today that June 15, 2011 is the correct record date for its previously announced distribution of 51.56 cents per share on the Company's Series A Cumulative Redeemable Preferred Shares (Nasdaq:IRETP), payable on June 30, 2011. An incorrect record date of March 15, 2011 for this distribution was mistakenly given in the Company's June 3, 2011 press release.

About Investors Real Estate Trust

Investors Real Estate Trust is an 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. Investors Real Estate Trust is based in Minot, North Dakota, and has additional offices in Minneapolis, Minnesota and Omaha, Nebraska.

CONTACT: Lindsey Knoop Anderson
         Director of Investor Relations
         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

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