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Flagship Corporate Center, Eden Prairie, MN Recent Events ----------------------------------------------- Q3 2008 Earnings Webcast Fiscal 2008 3rd Quarter Earnings Call Transcript

From its inception, Investors Real Estate
Trust has remained focused on its mission:
creating value for shareholders.

We create this value through hard work, dedication and vision. We continually seek ways to improve each of our properties for
our tenants, while maintaining revenues and occupancy levels. Desirable locations and quality construction combined with care for the environment and attractive property settings help us to set the standard in our industry.

We will continue to conduct our business
with integrity, professionally manage our investments, and pay close attention to the needs and opinions of our shareholders.