-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TIMjo5WQjoCcAuk4gdfPqh2KEw3SLdyc3Ol+Oz/qFyzFMtijv+pYUfEHQI6TSjpV kKCKpZ0Km4S8e2GncxZM1Q== 0000798359-07-000028.txt : 20070424 0000798359-07-000028.hdr.sgml : 20070424 20070424112942 ACCESSION NUMBER: 0000798359-07-000028 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070124 FILED AS OF DATE: 20070424 DATE AS OF CHANGE: 20070424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVESTORS REAL ESTATE TRUST CENTRAL INDEX KEY: 0000798359 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 450311232 STATE OF INCORPORATION: ND FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14851 FILM NUMBER: 07783546 BUSINESS ADDRESS: STREET 1: 12 MAIN ST S STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 BUSINESS PHONE: 701-837-4738 MAIL ADDRESS: STREET 1: 12 MAIN ST S STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 11-K 1 form11k012307.htm ANNUAL REPORT 11-K 04-2007

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 11-K

ANNUAL REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 

[X]  ANNUAL REPORT  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 [no fee required, effective October 7, 1996].

For the fiscal year ended

December 31, 2006
 

or 

[ ]  TRANSITION REPORT  Pursuant to Section 15(d) of the Securities Exchange Act of 1934 [no fee required]. 

For the transition period from _______________ to _____________________ 

Commission File Number 0-14851 

A. Full title of the plan and the address of the plan, if different from that of the issuer named below: 

Investors Real Estate Trust IRET Properties Inc. 401(k) Retirement Plan 

B: Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: 

Investors Real Estate Trust
Post Office Box 1988
12 South Main Street
Minot, North Dakota 58701

 

SUMMARY ANNUAL REPORT
FOR INVESTORS REAL ESTATE TRUST RETIREMENT PLAN 

This is a summary of the annual report for the IRET Properties 401(k) Plan (EIN: 91-1764859, Plan Number 001) for the period of January 1, 2006 through December 31, 2006.  The annual report has been filed with the Internal Revenue Service, as required under the Employee Retirement Income Security Act of 1974 (ERISA). 

BASIC FINANCIAL STATEMENT 

The benefits under this plan are provided by a Trustee.  The Trustee is First Western Bank & Trust. 

Plan expenses were $97,464.54. These expenses included $0.00 in Administrative and Trustee charges, and $97,464.54 in benefits paid to participants and beneficiaries.  A total of 60 persons were participants in or beneficiaries of the Plan at the end of the Plan year. 

The value of Plan Assets, after subtracting liabilities of the Plan, was $2,908,301.26 as of December 31, 2006, compared to $2,163,436.93 as of January 1, 2006.  During the Plan year, the Plan experienced an increase (decrease) in its net assets of $744,864.33.  This increase includes unrealized appreciation (or depreciation) in the value of Plan assets of $182,157.77; that is, the difference between the value of the Plan's assets at the end of the year, and the value of the assets at the beginning of the year, or the cost of assets acquired during the year. The Plan had total income of $660,171.05 including employee and employer contributions of $525,558.99, gains of $49,457.13 from the sale of assets, and earnings from investments of $85,154.93.  

YOUR RIGHTS TO ADDITIONAL INFORMATION 

You have a right to receive a copy of the full Annual Report, or any part thereof, on request.  The items listed below are included in that Report: 

  • A Trustee's Report
  • Assets held for investment
  • Form 5500 

To obtain a copy of the full Annual Report, or any part thereof, write or call the office of the Plan Administrator, IRET Properties, 12 South Main Street, Minot North Dakota 58701.  Telephone Number: (701) 852-1756.  There will be no charge for such a copy. 

You also have the legally protected right to examine the annual report at the main office of the Plan at Minot, North Dakota, and at the U.S. Department of Labor in Washington, D.C. or to obtain a copy from the U.S. Department of Labor upon payment of copying costs.  Requests to the Department should be addressed to: Public Disclosure Room, N4677, Pension and Welfare Benefit Programs, Francis Perkins Department of Labor Building, 200 Constitution Avenue Northwest, Washington, D.C. 20216.

 

SIGNATURES

 

The Plan.  Pursuant to the  requirements of the Securities  Exchange Act of 1934, the trustees (or other persons who  administer the employee  benefit plan) have  duly  caused  this  annual  report  to be  signed  on  its  behalf  by the undersigned hereunto duly authorized.

 

Investors Real Estate Trust IRET Properties Inc. 401(k) Retirement Plan

  

Date: April 24, 2007 

By:

INVESTORS REAL ESTATE TRUST, PLAN ADOPTING EMPLOYER

 

 

 

/s/ Timothy P. Mihalick

Name:

Timothy P. Mihalick

Title:

Senior Vice President & Chief Operating Officer

 

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