CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $) In Thousands, unless otherwise specified	Jan. 31, 2012	Apr. 30, 2011
Real estate investments
Property owned	$ 1,861,321	$ 1,770,798
Less accumulated depreciation	(364,190)	(328,952)
	1,497,131	1,441,846
Development in progress	22,281	9,693
Unimproved land	6,390	6,550
Mortgage loans receivable, net of allowance of $0 and $3, respectively	0	156
Total real estate investments	1,525,802	1,458,245
Other assets
Cash and cash equivalents	35,502	41,191
Other investments	633	625
Receivable arising from straight-lining of rents, net of allowance of $1,156 and $996, respectively	21,965	18,933
Accounts receivable, net of allowance of $185 and $317, respectively	3,977	5,646
Real estate deposits	578	329
Prepaid and other assets	4,107	2,351
Intangible assets, net of accumulated amortization of $46,674 and $42,154, respectively	49,055	49,832
Tax, insurance, and other escrow	11,427	15,268
Property and equipment, net of accumulated depreciation of $1,499 and $1,231, respectively	1,464	1,704
Goodwill	1,120	1,127
Deferred charges and leasing costs, net of accumulated amortization of $16,622 and $13,675, respectively	22,014	20,112
TOTAL ASSETS	1,677,644	1,615,363
LIABILITIES
Accounts payable and accrued expenses	43,439	37,879
Revolving line of credit	49,000	30,000
Mortgages payable	1,038,717	993,803
Other	6,326	8,404
TOTAL LIABILITIES	1,137,482	1,070,086
COMMITMENTS AND CONTINGENCIES (NOTE 6)
REDEEMABLE NONCONTROLLING INTERESTS - CONSOLIDATED REAL ESTATE ENTITIES	0	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 January 31, 2012 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, 85,743,308 shares issued and outstanding at January 31, 2012, and 80,523,265 shares issued and outstanding at April 30, 2011)	657,304	621,936
Accumulated distributions in excess of net income	(269,942)	(237,563)
Total Investors Real Estate Trust shareholders' equity	414,679	411,690
Noncontrolling interests - Operating Partnership (19,596,222 units at January 31, 2012 and 20,067,350 units at April 30, 2011)	114,852	123,627
Noncontrolling interests - consolidated real estate entities	10,631	8,973
Total equity	540,162	544,290
TOTAL LIABILITIES AND EQUITY	$ 1,677,644	$ 1,615,363