CENTERSPACE — Director's Dealing 2016

Jun 9, 2016

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2016-04-30

Reporting Person: STENEHJEM STEPHEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-06	Common Shares of Beneficial Interest	L	415.795	$7.2151	Acquired	96493.367	Direct
2015-10-05	Common Shares of Beneficial Interest	L	388.44	$7.7232	Acquired	96881.807	Direct
2016-01-05	Common Shares of Beneficial Interest	L	434.846	$6.899	Acquired	97316.653	Direct
2016-04-05	Common Shares of Beneficial Interest	L	419.182	$7.1568	Acquired	97735.835	Direct

Footnotes

F1: Acquired as automatic recurring cash investments with voluntary cash contributions under IRET's Distribution Reinvestment and Share Purchase Plan (DRIP).