DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Jul. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Effect on Net Income and Gains or Losses From Sale Of Properties Classified as Discontinued Operations

The following information shows the effect on net income and the gains or losses from the sales of properties classified as discontinued operations for the three months ended July 31, 2018 and 2017, respectively:

	(in thousands)
	Three Months Ended July 31,
	2018		2017
REVENUE	$	—	$	11,955
EXPENSES
Property operating expenses, excluding real estate taxes	—		2,257
Real estate taxes	—		1,961
Property management	—		72
Depreciation and amortization	—		3,589
Impairment of real estate investments	—		—
TOTAL EXPENSES	$	—	$	7,879
Operating income	—		4,076
Interest expense	—		(1,985		)
Loss on extinguishment of debt	—		—
Interest income	—		544
Other income	—		50
Income from discontinued operations before gain on sale	—		2,685
Gain on sale of discontinued operations	570		—
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	$	570	$	2,685