XML 73 R60.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Apr. 30, 2014
Jan. 31, 2014
Oct. 31, 2013
Jul. 31, 2013
Apr. 30, 2013
Jan. 31, 2013
Oct. 31, 2012
Jul. 31, 2012
Apr. 30, 2014
Apr. 30, 2013
Apr. 30, 2012
EARNINGS PER SHARE [Abstract]                      
Ratio of units exchanged for shares                 one-for-one basis    
Minimum holding period                 1 year    
NUMERATOR [Abstract]                      
(Loss) income from continuing operations - Investors Real Estate Trust                 $ (18,508) $ 17,929 $ 7,357
Income from discontinued operations - Investors Real Estate Trust                 5,334 7,601 855
Net (loss) income attributable to Investors Real Estate Trust (28,542) 3,503 8,787 3,078 10,015 5,324 8,512 1,679 (13,174) 25,530 8,212
Dividends to preferred shareholders                 (11,514) (9,229) (2,372)
Numerator for basic earnings per share - net (loss) income available to common shareholders (31,420) 624 5,909 199 7,136 2,445 5,634 1,086 (24,688) 16,301 5,840
Noncontrolling interests - Operating Partnership                 (4,676) 3,633 1,359
Numerator for diluted earnings per share                 $ (29,364) $ 19,934 $ 7,199
DENOMINATOR [Abstract]                      
Denominator for basic earnings per share weighted average shares (in shares)                 105,331 93,344 83,557
Effect of convertible operating partnership units (in shares)                 21,697 21,191 19,875
Denominator for diluted earnings per share (in shares)                 127,028 114,535 103,432
(Loss) earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted                 $ (0.28) $ 0.09 $ 0.06
Earnings (loss) per common share from discontinued operations - Investors Real Estate Trust - basic and diluted (in dollars per share)                 $ 0.05 $ 0.08 $ 0.01
NET (LOSS) INCOME PER COMMON SHARE - BASIC & DILUTED (in dollars per share) $ (0.29) $ 0 $ 0.06 $ 0 $ 0.07 $ 0.03 $ 0.06 $ 0.01 $ (0.23) $ 0.17 $ 0.07