XML 26 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jan. 31, 2013
Apr. 30, 2012
Real estate investments    
Property owned $ 2,007,832 $ 1,892,009
Less accumulated depreciation (408,400) (373,490)
Total property owned 1,599,432 1,518,519
Development in progress 20,127 27,599
Unimproved land 18,879 10,990
Total real estate investments 1,638,438 1,557,108
Other assets    
Real estate held for sale 733 2,067
Cash and cash equivalents 62,302 39,989
Other investments 638 634
Receivable arising from straight-lining of rents, net of allowance of $1,310 and $1,209, respectively 25,471 23,273
Accounts receivable, net of allowance of $459 and $154, respectively 3,560 7,052
Real estate deposits 165 263
Prepaid and other assets 5,545 3,703
Intangible assets, net of accumulated amortization of $26,599 and $47,813, respectively 41,009 44,588
Tax, insurance, and other escrow 13,306 11,669
Property and equipment, net of accumulated depreciation of $1,598 and $1,423, respectively 1,288 1,454
Goodwill 1,106 1,120
Deferred charges and leasing costs, net of accumulated amortization of $17,574 and $16,244, respectively 22,513 21,447
TOTAL ASSETS 1,816,074 1,714,367
LIABILITIES    
Accounts payable and accrued expenses 44,540 47,403
Revolving line of credit 10,000 39,000
Mortgages payable 1,041,623 1,048,689
Other 21,632 14,012
TOTAL LIABILITIES 1,117,795 1,149,104
Statement [Line Items]    
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 94,386,198 shares issued and outstanding at January 31, 2013, and 89,473,838 shares issued and outstanding at April 30, 2012) 721,742 684,049
Accumulated distributions in excess of net income (305,145) (278,377)
Total Investors Real Estate Trust shareholders' equity 555,271 432,989
Noncontrolling interests - Operating Partnership (21,489,458 units at January 31, 2013 and 20,332,415 units at April 30, 2012) 121,940 118,710
Noncontrolling interests - consolidated real estate entities 21,068 13,564
Total equity 698,279 565,263
TOTAL LIABILITIES AND EQUITY 1,816,074 1,714,367
Preferred Class A [Member]
   
Statement [Line Items]    
Series A Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, 1,150,000 shares issued and outstanding at January 31, 2013 and April 30, 2012, aggregate liquidation preference of $28,750,000) Series B Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, 4,600,000 and 0 shares issued and outstanding at January 31, 2013 and April 30, 2012, respectively, aggregate liquidation preference of $115,000,000) 27,317 27,317
Preferred Class B [Member]
   
Statement [Line Items]    
Series A Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, 1,150,000 shares issued and outstanding at January 31, 2013 and April 30, 2012, aggregate liquidation preference of $28,750,000) Series B Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, 4,600,000 and 0 shares issued and outstanding at January 31, 2013 and April 30, 2012, respectively, aggregate liquidation preference of $115,000,000) $ 111,357 $ 0