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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended
Jul. 31, 2011
Jul. 31, 2010
REVENUE    
Real estate rentals $ 48,900 $ 47,859
Tenant reimbursement 10,728 11,317
TOTAL REVENUE 59,628 59,176
EXPENSES    
Depreciation/amortization related to real estate investments 14,166 13,914
Utilities 3,998 4,054
Maintenance 6,828 6,894
Real estate taxes 7,803 7,824
Insurance 877 451
Property management expenses 5,381 5,090
Administrative expenses 1,952 1,757
Advisory and trustee services 229 212
Other expenses 315 353
Amortization related to non-real estate investments 734 652
TOTAL EXPENSES 42,283 41,201
Interest expense (15,925) (16,071)
Interest income 53 54
Other income 100 83
Income from continuing operations before income taxes 1,573 2,041
Income tax expense 0 (19)
Income from continuing operations 1,573 2,022
Income from discontinued operations 0 310
NET INCOME 1,573 2,332
Net income attributable to noncontrolling interests - operating partnerships 178 370
Net loss attributable to noncontrolling interests - consolidated real estate entities (26) (24)
Net income attributable to Investors Real Estate Trust 1,421 1,986
Dividends to preferred shareholders (593) (593)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 828 $ 1,393
Earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted $ 0.0100 $ 0.0200
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted $ 0.0000 $ 0.0000
NET INCOME PER COMMON SHARE - BASIC AND DILUTED $ 0.0100 $ 0.0200
DIVIDENDS PER COMMON SHARE $ 0.1715 $ 0.1715