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Investors Real Estate Trust Reports Fourth Quarter 2010 Financial And Operating Results

MINOT, N.D., June 30, 2010 (GLOBE NEWSWIRE) -- Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) today reported its financial and operating results for the year and three months ended April 30, 2010.

A complete financial and operating results earnings release is accessible at the "Investor Relations" section of IRET's website at http://iret.com . It is also available directly at the following web page:

http://www.snl.com/irweblinkx/doc.aspx?IID=107231&DID=11401106

(Note: If clicking on the above link does not open up a new web page, you may need to cut and paste the above url into your browser's address bar.)

The Company will host a conference call on Thursday, July 1, 2010 at 9:00 a.m. Central Daylight Time to discuss these results. 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 replay of the call will be archived on the "Investors/Presentations and Events" page of IRET's website at http://www.iret.com , through Monday, October 4, 2010.

Questions regarding the conference call should be directed to IRET's Investor Relations at landerson@iret.com.

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: Investors Real Estate Trust
         Lindsey Knoop Anderson, Director of Investor Relations
         701.837.4738
         fax: 701.838.7785
         landerson@iret.com
         3015 16th Street SW, Suite 100
         PO Box 1988
         Minot, North Dakota 58702-1988

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