Investors Real Estate Trust Announces 2nd Quarter Fiscal 2012 Earnings Conference Call

Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) has scheduled a conference call for Tuesday, December 13, 2011 at 9:00 a.m. Central Time, to discuss the Company's second quarter fiscal year 2012 financial and operating results.

IRET's quarterly report on Form 10-Q for the quarter ended October 31, 2011, will be filed with the Securities and Exchange Commission on Monday, December 12, 2011. The Company will also post on its website that day, and furnish via a Current Report on Form 8-K, an earnings release summarizing the financial and operational results reported in more detail in its Form 10-Q, and providing certain additional supplemental operating and financial data. The complete earnings release, along with the Supplemental Operating and Financial Data package, will also be available directly at the following web page no earlier than 4:30 p.m. ET on Monday, December 12, 2011:

www.iret.com/2ndQtrFY2012.pdf

During the conference call, IRET senior management will discuss the second quarter fiscal 2012 financial and operational results reported in the Form 10-Q and earnings release, and will respond to questions from analysts, investors and the public. The call will be limited to one hour, including questions and answers.

Conference call access information is as follows:

USA Toll Free Number: 1-877-317-6789

International Toll Free Number: 1-412-317-6789

Canada Dial In Toll Free: 1-866-605-3852

A webcast and transcript of the call will be archived on the "Investors/ Presentations & Events" page of IRET's website, http://www.iret.com, for one year. Questions regarding the conference call should be directed to IRET Investor Relations at [e-mail].   

Investors Real Estate Trust is a self-advised 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 states of Minnesota and North Dakota. Investors Real Estate Trust is based in Minot, North Dakota, and has additional offices in Minneapolis, Minnesota and Omaha, Nebraska.

Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from projected results. Such risks, uncertainties and other factors include, but are not limited to: fluctuations in interest rates, the effect of government regulation, the availability of capital, changes in general and local economic and real estate market conditions, competition, our ability to attract and retain skilled personnel, and those risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission, including our 2011 Form 10-K. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

CONTACT: Lindsey Knoop Anderson
         Director of Investor Relations
         1400 31st Ave SW, Suite 60
         PO Box 1988
         Minot, North Dakota 58702-1988
         phone: [phone]
         fax: [phone]
         email: [e-mail]
         www.iret.com