DEBT (Tables)

3 Months Ended

Jul. 31, 2018

Debt Disclosure [Abstract]

Aggregate Amount of Required Future Principal Payments on Mortgages Payable

The aggregate amount of required future principal payments on mortgages payable as of July 31, 2018, is as follows:

	(in thousands)
Year Ended April 30,	Mortgage Loans
2019	$	7,442
2020	86,400
2021	92,179
2022	70,506
2023	27,494
Thereafter	182,534
Total payments	$	466,555

Schedule of Debt

The following table summarizes our indebtedness at July 31, 2018:

	(in thousands)
	July 31, 2018			April 30, 2018			Weighted Average Maturity in Years
Unsecured line of credit	$	130,000		$	124,000		3.0
Term loan	70,000			70,000			4.0
Unsecured debt	200,000			194,000
Mortgages payable - fixed	466,555			489,401			5.4
Mortgages payable - variable	—			22,739
Total debt	$	666,555		$	706,140		4.9
Weighted average interest rate on unsecured line of credit	3.83		%	3.35		%
Weighted average interest rate on term loan (rate with swap)	3.86		%	3.86		%
Weighted average interest rate on mortgages payable	4.65		%	4.69		%