MINOT, ND -- (Marketwire) -- 08/28/08 -- Investors Real Estate Trust (NASDAQ: IRET) (NASDAQ: IRETP) has scheduled a conference call for Thursday, September 11, 2008, at 9:00 a.m. Central Daylight Time, to discuss the Company's 1st quarter fiscal year 2009 financial and operating results.

IRET's quarterly report on Form 10-Q for the quarter ended July 31, 2008, will be filed on Tuesday, September 9, 2008. The Company will issue a press release at the close of business that day, 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 first quarter fiscal 2009 financial and operational results reported in the Form 10-Q and earnings press 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 Wednesday, September 10, 2008. 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 "Investor Relations/Upcoming Events and Presentations" page of IRET's website, http://www.iret.com, through Friday, September 26, 2008. 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.