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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified | 12 Months Ended
--- | ---
Apr. 30, 2011 | Apr. 30, 2010 | Apr. 30, 2009
REVENUE |  |  |
Real estate rentals | $ 192,178 | $ 186,321 | $ 183,153
Tenant reimbursement | 45,007 | 44,994 | 45,167
TOTAL REVENUE | 237,185 | 231,315 | 228,320
EXPENSES |  |  |
Depreciation/amortization related to real estate investments | 55,809 | 55,054 | 52,335
Utilities | 18,238 | 17,101 | 18,112
Maintenance | 29,240 | 26,972 | 26,431
Real estate taxes | 30,852 | 30,210 | 29,077
Insurance | 2,304 | 3,615 | 2,864
Property management expenses | 21,276 | 18,380 | 16,716
Administrative expenses | 6,617 | 5,716 | 4,430
Advisory and trustee services | 605 | 502 | 452
Other expenses | 1,774 | 2,513 | 1,440
Amortization related to non-real estate investments | 2,679 | 2,362 | 2,060
Impairment of real estate investments | 0 | 708 | 0
TOTAL EXPENSES | 169,394 | 163,133 | 153,917
Gain on involuntary conversion | 0 | 1,660 | 0
Interest expense | (63,941) | (65,581) | (64,928)
Interest income | 259 | 539 | 599
Other income | 282 | 355 | 314
Income from continuing operations | 4,391 | 5,155 | 10,388
Income (loss) from discontinued operations | 19,960 | (570) | 325
NET INCOME | 24,351 | 4,585 | 10,713
Net income attributable to noncontrolling interests - Operating Partnership | (4,449) | (562) | (2,227)
Net loss (income) attributable to noncontrolling interests - consolidated real estate entities | 180 | (22) | 40
Net income attributable to Investors Real Estate Trust | 20,082 | 4,001 | 8,526
Dividends to preferred shareholders | (2,372) | (2,372) | (2,372)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | $ 17,710 | $ 1,629 | $ 6,154
Earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted | $ 0.0200 | $ 0.0400 | $ 0.1000
Earnings (loss) per common share from discontinued operations - Investors Real Estate Trust - basic and diluted | $ 0.2000 | $ (0.0100) | $ 0.0100
NET INCOME PER COMMON SHARE - BASIC & DILUTED | $ 0.2200 | $ 0.0300 | $ 0.1100
DIVIDENDS PER COMMON SHARE | $ 0.6860 | $ 0.6845 | $ 0.6770

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- Definition Impairment of real estate investments with different values from Cash Flows element. + References No definition available. + Details
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- Definition The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. And the amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. + References No definition available. + Details
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- Definition This element represents the amortization of deferred leasing fees incurred by the lessor and amortized over the term of the lease. Such fees represent (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction. + References No definition available. + Details
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- Definition The net amount (to the extent disclosed within this portion of the income statement) by which an insurance settlement exceeds incremental costs incurred from the event causing an interruption of business, plus the insurance award for earnings lost from the event, such as a natural catastrophe, explosion or fire. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 01-13 -Paragraph 7 -Subparagraph b + Details
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- Definition The amount of income (loss) from continuing operations per each share of common stock outstanding during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 21 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 36, 37, 38 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 18 -Article 7 + Details
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- Definition The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph d Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A7 -Appendix A Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph a Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 10, 15 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 87-21 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28, 29, 30 + Details
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 9 + Details
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- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 19 -Subparagraph b + Details
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- Definition Amount of general expenses not normally included in Other Operating Costs and Expenses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 6 -Article 5 + Details
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- Definition The net amount of other nonoperating income and expense, which does not qualify for separate disclosure on the income statement under materiality guidelines. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 9 -Article 5 + Details
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- Definition The aggregate costs related to management of owned properties during the reporting period. + References No definition available. + Details
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- Definition In accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. + References No definition available. + Details
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