Investors Real Estate Trust Announces 3rd Quarter Fiscal 2009 Earnings Conference Call

Investors Real Estate Trust (NASDAQ: IRET) (NASDAQ: IRETP) has scheduled a conference call for Friday, March 13, 2009, at 9:00 a.m. Central Daylight Time, to discuss the Company's third quarter fiscal year 2009 financial and operating results.

IRET's quarterly report on Form 10-Q for the quarter ended January 31, 2009, will be filed on Thursday, March 12, 2009. 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.

During the conference call, IRET senior management will discuss the third quarter fiscal 2009 financial and operational results reported in the Form 10-Q and earnings release, and will respond to questions from analysts, investors and the public. In order to use the limited time available more efficiently, the Company requests that questions be submitted in advance, via e-mail to the attention of the Company's Investor Relations Director at msaari@iret.com, by 5:00 p.m. Central Daylight Time on Thursday, March 12, 2009. During the question and answer period, priority will be given to addressing questions submitted in advance. Company management will also take questions on an interactive basis during the conference call, following the prepared remarks and response to written questions. The call will be limited to one hour, including questions and answers.

Conference call access information is as follows:

USA Toll Free Number: 1-800-860-2442

International Toll Free Number: 1-412-858-4600

A replay of the call will be archived on the "Investors/Presentations & Events" page of IRET's website, http://www.iret.com, through Tuesday, March 31, 2009. Questions regarding the conference call should be directed to IRET Investor Relations at msaari@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 additional offices in Minneapolis, Minnesota and Omaha, Nebraska.