Investors Real Estate Trust (IRET) financial statements (2021 and earlier)

Company profile

Business Address 1400 31ST AVENUE SW, SUITE 60
MINOT, ND 58702-1988
State of Incorp. ND
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
4/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27122967494794
Cash and cash equivalents27122967494794
Total current assets:27122967494794
Noncurrent Assets
Inventory, real estate1    
Property, plant and equipment1111221
Long-term investments and receivables 4 0001
Long-term investments 4 0001
Intangible assets, net (including goodwill)2324293442
Goodwill1222211
Intangible assets, net (excluding goodwill)1112273340
Total noncurrent assets:5835313643
Other undisclosed assets1,3611,4071,4431,6891,9181,7861,752
TOTAL ASSETS:1,3921,4271,4751,7601,9981,8691,890
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  57186116510
Total current liabilities:  57186116510
Noncurrent Liabilities
Other undisclosed liabilities6967327741,0171,1909771,118
Total liabilities:6967328311,0341,2511,1421,128
Temporary equity, carrying amount1777866 
Stockholders' equity
Stockholders' equity attributable to parent, including:619613561619652592613
Preferred stock99      
Common stock917908916922952843784
Accumulated other comprehensive income (loss)(8)2     
Accumulated deficit(390)(396)(467)(442)(438)(390)(310)
Other undisclosed stockholders' equity attributable to parent 99111139139139139
Stockholders' equity attributable to noncontrolling interest61747510089128 
Other undisclosed stockholders' equity      149
Total stockholders' equity:680687636718741721761
TOTAL LIABILITIES AND EQUITY:1,3921,4271,4751,7601,9981,8691,890

Income statement (P&L) ($ in millions)

12/31/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
4/30/2013
Revenues186170206537768126
Revenue, net 206 519485472
Cost of revenue(92)(0)(219)(218)(164)(164)(132)
Cost of goods and services sold (0)(88)(79)(164)(122)(132)
Gross profit:94170(13)319(88)(83)(106)
Operating expenses(82) (0)69(82)(71)(62)
Other undisclosed operating income    248187253
Operating income (loss):11170(14)388793385
Nonoperating income   3331
Investment income, nonoperating   3220
Other nonoperating income    111
Interest and debt expense(33)(34)(41)(36)(59)(59)(63)
Income (loss) from continuing operations before income taxes:(21)136(55)35623(23)23
Other undisclosed income (loss) from continuing operations106(173)17(336)6(0) 
Income (loss) from continuing operations:85(37)(38)1929(23)23
Income from discontinued operations 1656957 67
Income (loss) before gain (loss) on sale of properties:85128317729(17)30
Gain (loss) on sale of properties, net of applicable income taxes    6(0) 
Other undisclosed net income (loss)    (6)0 
Net income (loss):85128317729(17)30
Net income (loss) attributable to noncontrolling interest(6)(11)132(3)11
Other undisclosed net income (loss) attributable to parent(1)  (7)(2)3(5)
Net income (loss) attributable to parent:79117437224(13)26
Preferred stock dividends and other adjustments (4)(1)    
Other undisclosed net loss available to common stockholders, basic(7)(9)(11)(12)(12)(12)(9)
Net income (loss) available to common stockholders, basic:72105316013(25)16
Other undisclosed net income (loss) available to common stockholders, diluted713472(5)4
Net income (loss) available to common stockholders, diluted:79117356814(29)20

Comprehensive Income ($ in millions)

12/31/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
4/30/2013
Net income (loss):85128317729(17)30
Other comprehensive income (loss)(7)2     
Comprehensive income (loss):78129317729(17)30
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   2(3)1(1)
Other undisclosed comprehensive loss, net of tax, attributable to parent(5)(11)     
Comprehensive income (loss), net of tax, attributable to parent:73118317926(16)29

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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