CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $) In Thousands	3 Months Ended	12 Months Ended
	Jul. 31, 2011	Apr. 30, 2011
Real estate investments
Property owned	$ 1,777,485	$ 1,770,798
Less accumulated depreciation	(339,293)	(328,952)
[RealEstateInvestmentPropertyNet]	1,438,192	1,441,846
Development in progress	12,697	9,693
Unimproved land	6,550	6,550
Mortgage loans receivable, net of allowance of $3 and $3, respectively	156	156
Total real estate investments	1,457,595	1,458,245
Other assets
Cash and cash equivalents	37,307	41,191
Other investments	627	625
Receivable arising from straight-lining of rents, net of allowance of $1,017 and $996, respectively	19,331	18,933
Accounts receivable, net of allowance of $220 and $317, respectively	7,935	5,646
Real estate deposits	458	329
Prepaid and other assets	1,997	2,351
Intangible assets, net of accumulated amortization of $43,877 and $42,154, respectively	48,108	49,832
Tax, insurance, and other escrow	15,198	15,268
Property and equipment, net of accumulated depreciation of $1,358 and $1,231, respectively	1,687	1,704
Goodwill	1,127	1,127
Deferred charges and leasing costs, net of accumulated amortization of $14,615 and $13,675, respectively	20,304	20,112
TOTAL ASSETS	1,611,674	1,615,363
LIABILITIES
Accounts payable and accrued expenses	34,547	37,879
Revolving line of credit	34,000	30,000
Mortgages payable	1,002,962	993,803
Other	6,369	8,404
TOTAL LIABILITIES	1,077,878	1,070,086
COMMITMENTS AND CONTINGENCIES (NOTE 6)
REDEEMABLE NONCONTROLLING INTERESTS - CONSOLIDATED REAL ESTATE ENTITIES	1,263	987
Investors Real Estate Trust shareholders' equity
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, 1,150,000 shares issued and outstanding at July 31, 2011 and April 30, 2011, aggregate liquidation preference of $28,750,000)	27,317	27,317
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 81,258,846 shares issued and outstanding at July 31, 2011, and 80,523,265 shares issued and outstanding at April 30, 2011)	627,722	621,936
Accumulated distributions in excess of net income	(250,585)	(237,563)
Total Investors Real Estate Trust shareholders' equity	404,454	411,690
Noncontrolling interests - Operating Partnership (19,958,439 units at July 31, 2011 and 20,067,350 units at April 30, 2011)	119,382	123,627
Noncontrolling interests - consolidated real estate entities	8,697	8,973
Total equity	532,533	544,290
TOTAL LIABILITIES AND EQUITY	$ 1,611,674	$ 1,615,363