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The following is an excerpt from a 10-K SEC Filing, filed by INVESTORS REAL ESTATE TRUST on 7/20/2004.
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INVESTORS REAL ESTATE TRUST - 10-K - 20040720 - SECURITY_OWNERS

Item 12. Security Ownership of Certain Beneficial Owners and Management

The information required by this Item will be contained in our definitive Proxy Statement for our 2004 Annual Meeting of Shareholders and such information is incorporated herein by reference. We do not have any equity compensation plans and, as such, are not required to include the disclosure required by Item 201(d) of Regulation S-K.