CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2013
REVENUE
Real estate rentals	$ 235,852	$ 219,921	$ 204,719
Tenant reimbursement	43,818	45,561	43,339
TRS senior housing revenue	3,520	1,627	0
TOTAL REVENUE	283,190	267,109	248,058
EXPENSES
Depreciation/amortization related to real estate investments	67,112	67,592	59,306
Utilities	20,881	21,864	18,792
Maintenance	30,924	31,158	28,340
Real estate taxes	33,945	32,982	32,182
Insurance	5,839	5,165	3,734
Property management expenses	18,502	16,961	15,003
Other property expenses	906	357	1,008
TRS senior housing expenses	2,997	1,331	0
Administrative expenses	11,824	10,743	8,494
Other expenses	2,010	2,132	2,173
Amortization related to non-real estate investments	3,495	3,326	3,027
Impairment of real estate investments	6,105	42,566	0
TOTAL EXPENSES	204,540	236,177	172,059
Gain on involuntary conversion	0	2,480	5,084
Operating income	78,650	33,412	81,083
Interest expense	(59,020)	(59,142)	(61,154)
Interest income	2,238	1,908	222
Other income	723	483	526
Income (loss) before gain (loss) on sale of real estate and other investments and income from discontinued operations	22,591	(23,339)	20,677
Gain (loss) on sale of real estate and other investments	6,093	(51)	0
Income (loss) from continuing operations	28,684	(23,390)	20,677
Income from discontinued operations	0	6,450	9,295
NET INCOME (LOSS)	28,684	(16,940)	29,972
Net (income) loss attributable to noncontrolling interests - Operating Partnership	(1,526)	4,676	(3,633)
Net income attributable to noncontrolling interests - consolidated real estate entities	(3,071)	(910)	(809)
Net income (loss) attributable to Investors Real Estate Trust	24,087	(13,174)	25,530
Dividends to preferred shareholders	(11,514)	(11,514)	(9,229)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS	$ 12,573	$ (24,688)	$ 16,301
Earnings (loss) per common share from continuing operations - Investors Real Estate Trust - basic and diluted	$ 0.11	$ (0.28)	$ 0.09
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted (in dollars per share)	0	0.05	0.08
NET INCOME (LOSS) PER COMMON SHARE - BASIC & DILUTED	$ 0.11	$ (0.23)	$ 0.17