XML 92 R67.htm IDEA: XBRL DOCUMENT v3.7.0.1
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Apr. 30, 2017
Jan. 31, 2017
Oct. 31, 2016
Jul. 31, 2016
Apr. 30, 2016
Jan. 31, 2016
Oct. 31, 2015
Jul. 31, 2015
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2015
EARNINGS PER SHARE [Abstract]                      
Ratio of units exchanged for shares                 one-for-one basis    
NUMERATOR [Abstract]                      
(Loss) income from continuing operations – Investors Real Estate Trust                 $ (17,340) $ 18,651 $ 14,083
Income from discontinued operations - Investors Real Estate Trust                 60,687 53,355 10,004
Net income attributable to Investors Real Estate Trust $ 30,280 $ 23,110 $ 11,600 $ (21,643) $ 11,003 $ 39,797 $ 16,666 $ 4,540 43,347 72,006 24,087
Dividends to preferred shareholders                 (10,546) (11,514) (11,514)
Redemption of preferred shares                 (1,435)    
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 27,994 $ 19,172 $ 8,722 $ (24,522) $ 8,125 $ 36,918 $ 13,788 $ 1,661 31,366 60,492 12,573
Noncontrolling interests - Operating Partnership                 4,059 7,032 1,526
Numerator for diluted (loss) earnings per share                 $ 35,425 $ 67,524 $ 14,099
DENOMINATOR [Abstract]                      
Denominator for basic earnings per share weighted average shares (in shares)                 121,169 123,094 118,004
Effect of convertible operating partnership units (in shares)                 16,130 14,278 16,594
Denominator for diluted earnings per share (in shares)                 137,299 137,372 134,598
(Loss) earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted (in dollars per share)                 $ (0.24) $ 0.06 $ 0.02
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted (in dollars per share)                 0.50 0.43 0.09
NET INCOME PER COMMON SHARE – BASIC & DILUTED $ 0.23 $ 0.16 $ 0.07 $ (0.20) $ 0.07 $ 0.30 $ 0.11 $ 0.01 $ 0.26 $ 0.49 $ 0.11