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)

12/31/2020
12/31/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0271229674947
Cash and cash equivalents0271229674947
Total current assets:0271229674947
Noncurrent Assets
Inventory, real estate 1    
Property, plant and equipment3111122
Long-term investments and receivables  4 000
Long-term investments  4 000
Intangible assets, net (including goodwill)223242934
Goodwill1122221
Intangible assets, net (excluding goodwill)111122733
Total noncurrent assets:558353136
Other undisclosed assets1,4591,3611,4071,4431,6891,9181,786
TOTAL ASSETS:1,4641,3921,4271,4751,7601,9981,869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   571861165
Total current liabilities:   571861165
Noncurrent Liabilities
Other undisclosed liabilities7756967327741,0171,190977
Total liabilities:7756967328311,0341,2511,142
Temporary equity, carrying amount 1777866
Stockholders' equity
Stockholders' equity attributable to parent, including:618619613561619652592
Preferred stock 99     
Common stock968917908916922952843
Accumulated other comprehensive income (loss)(16)(8)2    
Accumulated deficit(428)(390)(396)(467)(442)(438)(390)
Other undisclosed stockholders' equity attributable to parent94 99111139139139
Stockholders' equity attributable to noncontrolling interest5561747510089128
Total stockholders' equity:673680687636718741721
Other undisclosed liabilities and equity17      
TOTAL LIABILITIES AND EQUITY:1,4641,3921,4271,4751,7601,9981,869

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

12/31/2020
12/31/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues1781861702065377681
Revenue, net 206 519485
Cost of revenue(84)(92)(0)(219)(218)(164)(164)
Cost of goods and services sold(6) (0)(88)(79)(164)(122)
Gross profit:9494170(13)319(88)(83)
Operating expenses(86)(82) (0)69(82)(71)
Other undisclosed operating income     248187
Operating income (loss):811170(14)3887933
Nonoperating income    333
Investment income, nonoperating    322
Other nonoperating income     11
Interest and debt expense(28)(33)(34)(41)(36)(59)(59)
Income (loss) from continuing operations before income taxes:(19)(21)136(55)35623(23)
Other undisclosed income (loss) from continuing operations24106(173)17(336)6(0)
Income (loss) from continuing operations:585(37)(38)1929(23)
Income from discontinued operations  1656957 6
Income (loss) before gain (loss) on sale of properties:585128317729(17)
Gain (loss) on sale of properties, net of applicable income taxes     6(0)
Other undisclosed net income (loss)     (6)0
Net income (loss):585128317729(17)
Net income (loss) attributable to noncontrolling interest0(6)(11)132(3)1
Other undisclosed net income (loss) attributable to parent(1)(1)  (7)(2)3
Net income (loss) attributable to parent:479117437224(13)
Preferred stock dividends and other adjustments0 (4)(1)   
Other undisclosed net loss available to common stockholders, basic(7)(7)(9)(11)(12)(12)(12)
Net income (loss) available to common stockholders, basic:(2)72105316013(25)
Other undisclosed net income (loss) available to common stockholders, diluted0713472(5)
Net income (loss) available to common stockholders, diluted:(1)79117356814(29)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Net income (loss):585128317729(17)
Other comprehensive income (loss)(8)(7)2    
Comprehensive income (loss):(4)78129317729(17)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    2(3)1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(5)(11)    
Comprehensive income (loss), net of tax, attributable to parent:(3)73118317926(16)

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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