Distribution Reinvestment & Share Purchase Plan

Distribution Reinvestment & Share Purchase Plan


Our Distribution Reinvestment and Share Purchase Plan (IRET Direct) provides participants a convenient way to purchase IRET common shares by automatically reinvesting cash distributions on all or a portion of their common shares and units, and to make monthly voluntary cash contributions under the terms of IRET Direct.

Key features of this voluntary cash contribution option include:

  • $250 - $10,000 investment per month

  • Common shares are purchased on the 5th of each month

  • A discount*, when applicable**, below the market price (NYSE volume weighted average price) for common shares on the investment date

  • No cost to purchase shares or additional account maintenance fees

  • Distribution reinvestment

  • One time $15 New Account Enrollment Fee, if applicable


As of September 1, 2015, the rates of the discounts described above that will apply on October 1, 2015, and until further notice, beyond, shall be as follows:

  • Dividend Reinvestment Discount: 0%

  • Optional Cash Discount: 0%


*The discounts remain subject to the terms of IRET Direct.

**The granting of a discount in any one month or quarter will not ensure the availability of a discount or the same discount in future months or quarters. Each month or quarter, we may, at our discretion, adjust or eliminate discounts after providing notice, at least 30 days prior to the next Investment Date, in this Distribution Reinvestment and Share Purchase Plan section of our website. Discounts are, when applicable, granted on newly-issued common shares only, not on shares acquired through open market or privately negotiated transactions.

How To Enroll:

  1. Download and carefully read IRET’s Distribution Reinvestment and Share Purchase Plan Prospectus before making any investment decision to enroll in IRET Direct.

  2. If you would like to enroll in IRET Direct, you will need to complete the following forms:


  3. Send the completed forms and requested documents to the following address:
    American Stock Transfer and Trust Company, LLC
    Investors Real Estate Trust
    6201 15th Ave
    Brooklyn NY 11219
    Phone: 888-200-3167

How To Change or Terminate Enrollment:

  1. If you would like to change or terminate your enrollment in IRET Direct, you will need to complete the Distribution Reinvestment and Share Purchase Plan Change in Enrollment Form.

  2. Send the completed form to the following address:
    American Stock Transfer and Trust Company, LLC
    Investors Real Estate Trust
    6201 15th Ave
    Brooklyn NY 11219
    Phone: 888-200-3167