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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Apr. 30, 2015
Jan. 31, 2015
Oct. 31, 2014
Jul. 31, 2014
Apr. 30, 2014
Jan. 31, 2014
Oct. 31, 2013
Jul. 31, 2013
Apr. 30, 2015
Apr. 30, 2014
Apr. 30, 2013
EARNINGS PER SHARE [Abstract]                      
Ratio of units exchanged for shares                 one-for-one basis    
Minimum holding period                 1 year    
NUMERATOR [Abstract]                      
Income (loss) from continuing operations - Investors Real Estate Trust                 $ 24,087 $ (18,508) $ 17,929
Income from discontinued operations - Investors Real Estate Trust                 0 5,334 7,601
Net income (loss) attributable to Investors Real Estate Trust $ 10,753 $ 8,371 $ 5,114 $ (151) $ (28,542) $ 3,503 $ 8,787 $ 3,078 24,087 (13,174) 25,530
Dividends to preferred shareholders                 (11,514) (11,514) (9,229)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 7,875 $ 5,492 $ 2,236 $ (3,030) $ (31,420) $ 624 $ 5,909 $ 199 12,573 (24,688) 16,301
Noncontrolling interests - Operating Partnership                 1,526 (4,676) 3,633
Numerator for diluted earnings per share                 $ 14,099 $ (29,364) $ 19,934
DENOMINATOR [Abstract]                      
Denominator for basic earnings per share weighted average shares (in shares)                 118,004 105,331 93,344
Effect of convertible operating partnership units (in shares)                 16,594 21,697 21,191
Denominator for diluted earnings per share (in shares)                 134,598 127,028 114,535
(Loss) earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted (in dollars per share)                 $ 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 $ 0.07 $ 0.05 $ 0.02 $ (0.03) $ (0.29) $ 0 $ 0.06 $ 0 $ 0.11 $ (0.23) $ 0.17