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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (unaudited) (USD $) In Thousands, except Share data | PREFERRED STOCK | COMMON STOCK | ACCUMULATED DISTRIBUTIONS IN EXCESS OF NET INCOME | NONCONTROLLING INTERESTS | Total
--- | --- | --- | --- | --- | ---
Balance at Apr. 30, 2008 | $ 27,317 | $ 439,255 | $ (122,498) | $ 173,557 | $ 517,631
Balance, shares (in shares) at Apr. 30, 2008 | 1,150 | 57,732 |  |  |
Net income attributable to Investors Real Estate Trust and nonredeemable noncontrolling interests |  |  | 8,526 | 2,134 | 10,660
Distributions - common shares and units |  |  | (39,612) | (14,383) | (53,995)
Distributions - preferred shares |  |  | (2,372) |  | (2,372)
Distribution reinvestment plan |  | 11,385 |  |  | 11,385
Distribution reinvestment plan, shares (in shares) |  | 1,186 |  |  |
Shares issued |  | 5,978 |  |  | 5,978
Shares issued, shares (in shares) |  | 641 |  |  |
Partnership units issued |  |  |  | 3,730 | 3,730
Redemption of units for common shares |  | 5,034 |  | (5,034) | 0
Redemption of units for common shares, shares (in shares) |  | 746 |  |  |
Adjustments to redeemable noncontrolling interests |  | 6 |  |  | 6
Fractional shares repurchased |  | (10) |  |  | (10)
Fractional shares repurchased (in shares) |  | (1) |  |  |
Other |  |  |  | 394 | 394
Balance at Apr. 30, 2009 | 27,317 | 461,648 | (155,956) | 160,398 | 493,407
Balance, shares (in shares) at Apr. 30, 2009 | 1,150 | 60,304 |  |  |
Net income attributable to Investors Real Estate Trust and nonredeemable noncontrolling interests |  |  | 4,001 | 524 | 4,525
Distributions - common shares and units |  |  | (47,085) | (14,261) | (61,346)
Distributions - preferred shares |  |  | (2,372) |  | (2,372)
Distribution reinvestment plan |  | 10,534 |  |  | 10,534
Distribution reinvestment plan, shares (in shares) |  | 1,240 |  |  |
Shares issued |  | 108,421 |  |  | 108,421
Shares issued, shares (in shares) |  | 13,555 |  |  |
Partnership units issued |  |  |  | 3,897 | 3,897
Redemption of units for common shares |  | 3,755 |  | (3,755) | 0
Redemption of units for common shares, shares (in shares) |  | 707 |  |  |
Adjustments to redeemable noncontrolling interests |  | (192) |  |  | (192)
Fractional shares repurchased |  | (11) |  |  | (11)
Fractional shares repurchased (in shares) |  | (1) |  |  |
Other |  | (537) |  | (1,211) | (1,748)
Balance at Apr. 30, 2010 | 27,317 | 583,618 | (201,412) | 145,592 | 555,115
Balance, shares (in shares) at Apr. 30, 2010 | 1,150 | 75,805 |  |  |
Net income attributable to Investors Real Estate Trust and nonredeemable noncontrolling interests |  |  | 20,082 | 4,282 | 24,364
Distributions - common shares and units |  |  | (53,861) | (13,803) | (67,664)
Distributions - preferred shares |  |  | (2,372) |  | (2,372)
Distribution reinvestment plan |  | 11,373 |  |  | 11,373
Distribution reinvestment plan, shares (in shares) |  | 1,334 |  |  |
Shares issued |  | 19,851 |  |  | 19,851
Shares issued, shares (in shares) |  | 2,376 |  |  |
Partnership units issued |  |  |  | 4,996 | 4,996
Redemption of units for common shares |  | 6,905 |  | (6,905) | 0
Redemption of units for common shares, shares (in shares) |  | 1,009 |  |  |
Adjustments to redeemable noncontrolling interests |  | 370 |  |  | 370
Fractional shares repurchased |  | (10) |  |  | (10)
Fractional shares repurchased (in shares) |  | (1) |  |  |
Other |  | (171) |  | (1,562) | (1,733)
Balance at Apr. 30, 2011 | $ 27,317 | $ 621,936 | $ (237,563) | $ 132,600 | $ 544,290
Balance, shares (in shares) at Apr. 30, 2011 | 1,150 | 80,523 |  |  |

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