Investors Real Estate Trust (IRET) Tops Q2 FFO by 11c
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IRET Announces Financial And Operating Results For The Quarter And Year-To-Date Ended October 31, 2016 And Distributions For The Third Quarter Of Fiscal Year 2017
December 12, 2016 4:30 PM ESTMINOT, N.D., Dec. 12, 2016 /PRNewswire/ -- IRET (NYSE: IRET) today reported its financial and operating results for the quarter and year-to-date ended October 31, 2016 and distributions for the third quarter of fiscal year 2017.
Second Quarter Fiscal Year 2017 Highlights
Total revenue was $50.6 million, up 9.2% from the second quarter of fiscal year 2016. Net income available to common shareholders was $8.7 million compared to $13.8 million for the second quarter of fiscal year 2016. The decrease in net income available to common shareholders was primarily due to decreased income from discontinued... More