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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2016
Jul. 31, 2015
REVENUE    
Real estate rentals $ 44,985 $ 40,750
Tenant reimbursement 4,626 4,295
TOTAL REVENUE 49,611 45,045
EXPENSES    
Property operating expenses, excluding real estate taxes 16,057 13,488
Real estate taxes 5,577 4,816
Depreciation and amortization 14,267 11,217
Impairment of real estate investments 54,153 1,285
General and administrative expenses 2,606 2,454
Acquisition and investment related costs 43 7
Other expenses 852 417
TOTAL EXPENSES 93,555 33,684
Operating (loss) income (43,944) 11,361
Interest expense (10,364) (7,814)
Interest income 572 556
Other income 473 51
(Loss) income before gain (loss) on sale of real estate and other investments, and income from discontinued operations (53,263) 4,154
Gain (loss) on sale of real estate and other investments 8,958 (175)
(Loss) income from continuing operations (44,305) 3,979
Income from discontinued operations 3,711 748
NET (LOSS) INCOME (40,594) 4,727
Net loss (income) attributable to noncontrolling interests – Operating Partnership 3,296 (186)
Net loss (income) attributable to noncontrolling interests – consolidated real estate entities 15,655 (1)
Net (loss) income attributable to Investors Real Estate Trust (21,643) 4,540
Dividends to preferred shareholders (2,879) (2,879)
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS $ (24,522) $ 1,661
(Loss) earnings per common share from continuing operations – Investors Real Estate Trust – basic and diluted $ (0.23) $ 0.01
Earnings (loss) 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
DIVIDENDS PER COMMON SHARE $ 0.13 $ 0.13