Investors Real Estate Trust’s (IRET) CEO Mark Decker on Q3 2020 Results – Earnings Call Transcript

Investors Real Estate Trust (NYSE:IRET) Q3 2020 Results Earnings Conference Call November 3, 2020 10:00 AM ET

Company Participants

Mark Decker – Chief Executive Officer

Anne Olson – Chief Operating Officer

John Kirchmann – Chief Financial Officer

Conference Call Participants

Daniel Santos – Piper Sandler

Gaurav Mehta – National Securities

Robert Stevenson – Janney

John Kim – BMO Capital Markets

Amanda Sweitzer – Baird

James Sullivan – BTIG

Buck Horne – Raymond James

Operator

Good morning and welcome to the IRET’s Third Quarter 2020 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today‚Äôs presentation there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to President and CEO of IRET, Mark Decker. Please go ahead.

Mark Decker

Good morning, everyone. IRET filed its Form 10-Q for the third quarter yesterday

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55 U.S. Real Estate Investment Trusts Yield Over 7% In October

Foreword

Any collection of dividend stocks is more clearly understood when subjected to yield-based (dog catcher) analysis, these US exchange sourced real estate investment trust stocks are perfect for the dogcatcher process. Here is the October 16 data for 55 top dividend-paying net gain REITs as documented by YCharts.

The Ides of March plunge in the stock market took its toll on US REITs. Only one top ten US REIT by yield from March was back in the top ten for April. However the drop in prices in all top 50 US REITs (listed by yield) did make the possibility of owning productive dividend shares from this collection more affordable for first-time investors. A rapid recovery in market prices partially closed that window of first-time buying opportunity.

As of June 9 the record showed all 49 top-yield REITs living-up-to the dogcatcher ideal of producing enough annual dividend from $1,000 invested

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