Investors Real Estate Trust (IRET) 2004年年度报告「NASDAQ」.pdf

1、IRETCreating shareholdervalueINVESTORSREALESTATETRUSTwith a diversified real estate portfolioOfficeRetailMedicalIndustrial2004 Annual ReportMulti-Family ResidentialINVESTORS REAL ESTATE TRUST 2004 ANNUAL REPORT908007ADP_CVR_R3 7/30/2004 3:08 PM Page 1(in thousands,except per share data)Years Ended A

2、pril 30,20042003200220012000Consolidated Income Statement Data Revenue$140,505$118,765$90,570$75,767$55,445Income before Gain/Loss on Properties and Minority Interest$12,253$15,699$14,108$10,188$8,549Gain on Repossession/Sale of Properties6621,5955476021,754Minority Interest Portion of Operating Par

3、tnership Income(2,744)(3,640)(3,675)(2,095)(1,495)Net Income*$9,440$12,248$10,600$8,694$8,808Consolidated Balance Sheet DataTotal Real Estate Investments$1,008,071$845,325$685,347$548,580$418,216Total Assets$1,076,317$885,681$730,209$570,322$432,978Mortgages Payable$633,124$539,397$459,569$368,957$2

4、65,057Shareholders Equity$278,629$214,761$145,578$118,945$109,921Consolidated Per Common Share Data(basic and diluted)Net Income$.24$.38$.42$.38$.42Distributions$.64$.63$.59$.55$.51Funds From Operations*$36,638$34,178$29,143$22,440$18,328The following table sets forth selected financial data as of a

5、nd for each of the fiscal years ended April 30,2000 through2004.The table illustrates the significant growth in revenue and real estate investment IRET experienced over the periodreported.Most of this growth was attributable to our addition of properties through acquisitions.These historical results

6、 arenot necessarily indicative of the results to be expected in the future.This information is only a summary,and you should referto our Consolidated Financial Statements and notes thereto,and the section entitled“Managements Discussion and Analysisof Financial Condition and Results of Operations”co