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QUARTERLY RESULTS OF CONSOLIDATED OPERATIONS (unaudited) | 12 Months Ended
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Apr. 30, 2012
QUARTERLY RESULTS OF CONSOLIDATED OPERATIONS (unaudited) [Abstract] |
QUARTERLY RESULTS OF CONSOLIDATED OPERATIONS (unaudited) | NOTE 18 • QUARTERLY RESULTS OF CONSOLIDATED OPERATIONS (unaudited)
|  | (in thousands, except per share data) |
QUARTER ENDED |  | July 31, 2011 |  |  | October 31, 2011 |  |  | January 31, 2012 |  |  | April 30, 2012 |
Revenues – as previously reported |  | $ | 59,557 |  |  | $ | 60,629 |  |  | $ | 60,981 |  |  | $ | 60,621 |
Reclassified to discontinued operations(1) |  |  | (393 | ) |  |  | (429 | ) |  |  | (435 | ) |  |  | (433 | )
Revenues – as revised for discontinued operations |  | $ | 59,164 |  |  | $ | 60,200 |  |  | $ | 60,546 |  |  | $ | 60,188 |
Net income attributable to Investors Real Estate Trust |  | $ | 1,421 |  |  | $ | 1,285 |  |  | $ | 2,127 |  |  | $ | 3,379 |
Net income available to common shareholders |  | $ | 828 |  |  | $ | 692 |  |  | $ | 1,534 |  |  | $ | 2,786 |
Net income per common share - basic & diluted |  | $ | .01 |  |  | $ | .01 |  |  | $ | .02 |  |  | $ | .03 |
|  | (in thousands, except per share data) |
QUARTER ENDED |  | July 31, 2010 |  |  | October 31, 2010 |  |  | January 31, 2011 |  |  | April 30, 2011 |
Revenues – as previously reported |  | $ | 59,042 |  |  | $ | 58,765 |  |  | $ | 60,121 |  |  | $ | 59,026 |
Reclassified to discontinued operations(1) |  |  | (401 | ) |  |  | (398 | ) |  |  | (403 | ) |  |  | (407 | )
Revenues – as revised for discontinued operations |  | $ | 58,641 |  |  | $ | 58,367 |  |  | $ | 59,718 |  |  | $ | 58,619 |
Net income attributable to Investors Real Estate Trust |  | $ | 1,986 |  |  | $ | 5,819 |  |  | $ | 11,833 |  |  | $ | 444 |
Net income (loss) available to common shareholders |  | $ | 1,393 |  |  | $ | 5,226 |  |  | $ | 11,240 |  |  | $ | (149 | )
Net income (loss) per common share - basic & diluted |  | $ | .02 |  |  | $ | .07 |  |  | $ | .14 |  |  | $ | (.01 | )
(1) Revenue that has been reclassified to discontinued operations. See Note 12 for additional information. The above financial information is unaudited. In the opinion of management, all adjustments (which are of a normal recurring nature) have been included for a fair presentation.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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