Investors Real Estate Trust Announces 4th Quarter Fiscal 2011 Earnings Release Date and Conference Call Informati

Minot, ND – Investors Real Estate Trust (tickers: IRET and IRETP; exchange: NASDAQ Global Select Market) today announced that it plans to issue an advisory release after the close of market on Thursday, June 30, 2011, notifying the public that a financial and operating results earnings release for the year and three months ended April 30, 2011 has become accessible at the “Investor Relations” section of the Company’s website at http://www.iret.com.  The complete release, along with a Supplemental Operating and Financial Data package, will also be available directly at the following web page no earlier than 4:00 p.m. ET on Thursday, June 30, 2011:

http://www.iret.com/4thQtrFY2011.pdf

The Company will host a conference call on Friday, July 1, 2011 at 9:00 a.m. Central Daylight Time to discuss these results.   Conference Call access information is as follows:

USA Toll Free Number: 1-877-317-6789

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

Canada Toll Free Number: 1-866-605-3852

The Conference Call is also available online on a listen-in only basis.  To access the call live, go to IRET’s website, http://www.iret.com, click on the 4^th Qtr Fiscal 2011 Earnings Call link under Earnings Calls and register.

A replay of the call will be archived on the “Investor Relations/Presentation and Events” page of IRET’s website, http://www.iret.com, through Monday, July 2, 2012.

Company management will take questions on an interactive basis during the conference call, following the prepared remarks. The call will be limited to one hour, including questions and answers.

Qestions regarding the conference call should be directed to IRET’s Investor Relations at landerson@iret.com.

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 an additional office in Minneapolis, Minnesota.

“Ask the Rental Professional #9”

In the this edition of Ask the Rental Professional, Minot Regional Apartment Manager Justin Hammer offers insight on subletting your apartment.

Q: What is the policy and procedure on subletting your rental unit?

Within your lease agreement it should be outlined whether or not subletting your apartment is allowed or not.

At IRET Properties we do not allow subletting and it is actually a violation of your lease agreement. However, if you are planning to move out of your apartment and have someone that is interested in moving in, you should contact your Community Manager or property management company as soon as possible. A proper move-out notice still needs to be given and the new resident would have to go through the same qualifications as you initially had to. The process would be treated the same as a normal move-in and move-out but you would be able to possibly help out a friend by referring them to the management company.