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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Jul. 31, 2014
Jul. 31, 2013
REVENUE    
Real estate rentals $ 57,126 $ 53,623
Tenant reimbursement 10,711 11,475
TRS senior housing revenue 793 0
TOTAL REVENUE 68,630 65,098
EXPENSES    
Depreciation/amortization related to real estate investments 16,184 18,056
Utilities 4,681 4,923
Maintenance 7,764 7,729
Real estate taxes 8,501 8,375
Insurance 1,736 1,301
Property management expenses 4,630 4,135
Other property expenses 206 177
TRS senior housing expenses 693 0
Administrative expenses 3,485 2,524
Advisory and trustee services 179 229
Other property expenses 612 679
Amortization related to non-real estate investments 872 944
Impairment of real estate investments 2,320 0
TOTAL EXPENSES 51,863 49,072
Gain on involuntary conversion 0 966
Operating income 16,767 16,992
Interest expense (14,664) (14,596)
Interest income 560 188
Other income 131 22
Income before loss on sale of real estate and other investments and income from discontinued operations 2,794 2,606
Loss on sale of real estate and other investments (2,993) 0
(Loss) income from continuing operations (199) 2,606
Income from discontinued operations 0 610
NET (LOSS) INCOME (199) 3,216
Net loss (income) attributable to noncontrolling interests - Operating Partnership 402 (50)
Net income attributable to noncontrolling interests - consolidated real estate entities (354) (88)
Net (loss) income attributable to Investors Real Estate Trust (151) 3,078
Dividends to preferred shareholders (2,879) (2,879)
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS $ (3,030) $ 199
(Loss) earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted (in dollars per share) $ (0.03) $ 0
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted (in dollars per share) $ 0 $ 0
NET (LOSS) INCOME PER COMMON SHARE - BASIC AND DILUTED (in dollars per share) $ (0.03) $ 0
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.1300 $ 0.1300