CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
REVENUE
Real estate rentals	$ 55,039	$ 50,458
Tenant reimbursement	12,143	10,517
TOTAL REVENUE	67,182	60,975
EXPENSES
Depreciation/amortization related to real estate investments	18,528	15,063
Utilities	5,051	4,194
Maintenance	7,912	7,312
Real estate taxes	8,862	8,242
Insurance	1,347	901
Property management expenses	4,242	3,701
Other property expenses	177	335
Administrative expenses	2,524	1,960
Advisory and trustee services	229	136
Other expenses	679	519
Amortization related to non-real estate investments	990	822
Impairment of real estate investments	1,458	0
TOTAL EXPENSES	51,999	43,185
Gain on involuntary conversion	966	0
Operating income	16,149	17,790
Interest expense	(14,799)	(16,069)
Interest income	188	18
Other income	22	124
Income from continuing operations	1,560	1,863
Income from discontinued operations	1,656	133
NET INCOME	3,216	1,996
Net income attributable to noncontrolling interests - Operating Partnership	(50)	(251)
Net income attributable to noncontrolling interests - consolidated real estate entities	(88)	(66)
Net income attributable to Investors Real Estate Trust	3,078	1,679
Dividends to preferred shareholders	(2,879)	(593)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 199	$ 1,086
Earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted	$ (0.01)	$ 0.01
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted	$ 0.01	$ 0.00
NET INCOME PER COMMON SHARE - BASIC AND DILUTED	$ 0.00	$ 0.01
DIVIDENDS PER COMMON SHARE	$ 0.1300	$ 0.1300