EARNINGS PER SHARE (Tables)

3 Months Ended

Jul. 31, 2016

EARNINGS PER SHARE [Abstract]

Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted Earnings per Share

	Three Months Ended
	July 31,
	2016		2015
NUMERATOR
(Loss) income from continuing operations – Investors Real Estate Trust	$	(24,914)	$	3,868
Income from discontinued operations – Investors Real Estate Trust		3,271		672
Net (loss) income attributable to Investors Real Estate Trust		(21,643)		4,540
Dividends to preferred shareholders		(2,879)		(2,879)
Numerator for basic earnings per share – net (loss) income available to common shareholders		(24,522)		1,661
Noncontrolling interests – Operating Partnership		(3,296)		186
Numerator for diluted (loss) earnings per share	$	(27,818)	$	1,847
DENOMINATOR
Denominator for basic earnings per share weighted average shares		121,117		124,855
Effect of convertible operating partnership units		16,285		13,951
Denominator for diluted earnings per share		137,402		138,806
(Loss) earnings per common share from continuing operations – Investors Real Estate Trust – basic and diluted	$	(0.23)	$	0.01
Earnings per common share from discontinued operations – Investors Real Estate Trust – basic and diluted		0.03		—
NET (LOSS) INCOME PER COMMON SHARE – BASIC & DILUTED	$	(0.20)	$	0.01