Investors Real Estate Trust Announces 2nd Quarter Fiscal 2009 Earnings Conference Call
           

<p>MINOT, ND--(Marketwire - November 24, 2008) -  Investors Real Estate Trust (<exchange name="NASDAQ">NASDAQ</exchange>: <ticker name="IRET">IRET</ticker>)
(<exchange name="NASDAQ">NASDAQ</exchange>: <ticker name="IRETP">IRETP</ticker>) has scheduled a conference call for Friday, December 12,
2008, at 9:00 a.m. Central Standard Time, to discuss the Company's second
quarter fiscal year 2009 financial and operating results.
<p>
IRET's quarterly report on Form 10-Q for the quarter ended October 31,
2008, will be filed on Wednesday, December 10, 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.

           

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