QUARTERLY RESULTS OF CONSOLIDATED OPERATIONS (unaudited)

12 Months Ended

Apr. 30, 2012

QUARTERLY RESULTS OF CONSOLIDATED OPERATIONS (unaudited) [Abstract]

QUARTERLY RESULTS OF CONSOLIDATED OPERATIONS (unaudited)

NOTE 18 • QUARTERLY RESULTS OF CONSOLIDATED OPERATIONS (unaudited)

	(in thousands, except per share data)
QUARTER ENDED	July 31, 2011			October 31, 2011			January 31, 2012			April 30, 2012
Revenues – as previously reported	$	59,557		$	60,629		$	60,981		$	60,621
Reclassified to discontinued operations(1)		(393	)		(429	)		(435	)		(433	)
Revenues – as revised for discontinued operations	$	59,164		$	60,200		$	60,546		$	60,188
Net income attributable to Investors Real Estate Trust	$	1,421		$	1,285		$	2,127		$	3,379
Net income available to common shareholders	$	828		$	692		$	1,534		$	2,786
Net income per common share - basic & diluted	$	.01		$	.01		$	.02		$	.03

	(in thousands, except per share data)
QUARTER ENDED	July 31, 2010			October 31, 2010			January 31, 2011			April 30, 2011
Revenues – as previously reported	$	59,042		$	58,765		$	60,121		$	59,026
Reclassified to discontinued operations(1)		(401	)		(398	)		(403	)		(407	)
Revenues – as revised for discontinued operations	$	58,641		$	58,367		$	59,718		$	58,619
Net income attributable to Investors Real Estate Trust	$	1,986		$	5,819		$	11,833		$	444
Net income (loss) available to common shareholders	$	1,393		$	5,226		$	11,240		$	(149	)
Net income (loss) per common share - basic & diluted	$	.02		$	.07		$	.14		$	(.01	)

(1)Revenue that has been reclassified to discontinued operations. See Note 12 for additional information.

The above financial information is unaudited. In the opinion of management, all adjustments (which are of a normal recurring nature) have been included for a fair presentation.