MINOT, N.D., Sept. 20, 2018 /PRNewswire/ -- IRET
(NYSE: IRET) today announces that its Board of Trustees
approved a change in IRET's fiscal year-end from April 30 to December 31. This change will
take effect as of December 31, 2018,
which means that IRET will have a transitional fiscal year for the
period from May 1, 2018 through
December 31, 2018. Starting in
2019, IRET's fiscal year will begin on January 1 and end on December 31 in each year.
"We believe this is a positive development for IRET and its
shareholders," said Mark O. Decker,
Jr., President and CEO. "The change in fiscal year-end to
December 31 will bring our financial
reporting in line with our peers and should facilitate analysis and
comparability of IRET for our shareholders and the investment
community."
About IRET
IRET is a real estate company focused on
the ownership, management, acquisition, redevelopment, and
development of apartment communities. As of July 31, 2018, IRET owns interests in
87 communities consisting of 13,703 apartment
homes. IRET's common shares and Series C preferred
shares are publicly traded on the New York Stock Exchange (NYSE
symbols: IRET and IRET PRC, respectively). IRET's press
releases and supplemental information are available on its website
at www.iretapartments.com or by calling Investor Relations at
701-837-7104.
Contact Information
Jonathan
Bishop
Vice President – Finance
Phone: 701-837-7104
E-mail: IR@iret.com
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SOURCE IRET