Investors Real Estate Trust Declares Regular Quarterly Common Share Distribution; Declares Series A Preferred Share Distribution

Investors Real Estate Trust IRET IRETP announced today that its Board of Trustees has declared a regular quarterly distribution of 17.15 cents per share/unit payable on October 1, 2010 to common shareholders and unitholders of record at the close of business on September 15, 2010. The distribution reinvestment price will be the market price on October 1, 2010, less a discount of 5%. The Company has filed a registration statement with the Securities and Exchange Commission to register the number of common shares necessary to meet distribution reinvestment elections. This 17.15 cents per common share/unit distribution represents the 158th consecutive quarterly distribution paid by IRET since its inception in 1970. The previous regular quarterly distribution, also of 17.15 cents per common share/unit, was paid July 1, 2010.