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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Oct. 31, 2014
Apr. 30, 2014
Real estate investments    
Property owned $ 2,013,770 $ 1,996,031
Less accumulated depreciation (426,545) (424,288)
Total property owned 1,587,225 1,571,743
Development in progress 146,390 104,609
Unimproved land 24,947 22,864
Total real estate investments 1,758,562 1,699,216
Other assets    
Real estate held for sale 41,183 2,951
Cash and cash equivalents 52,999 47,267
Other investments 329 329
Receivable arising from straight-lining of rents, net of allowance of $669 and $796, respectively 27,425 27,096
Accounts receivable, net of allowance of $425 and $248, respectively 3,719 10,206
Real estate deposits 4,924 145
Prepaid and other assets 2,263 4,639
Intangible assets, net of accumulated amortization of $24,153 and $24,071, respectively 29,745 32,639
Tax, insurance, and other escrow 16,338 20,880
Property and equipment, net of accumulated depreciation of $1,270 and $2,041, respectively 1,598 1,681
Goodwill 1,940 1,100
Deferred charges and leasing costs, net of accumulated amortization of $20,677 and $21,068, respectively 20,445 21,072
TOTAL ASSETS 1,961,470 1,869,221
LIABILITIES    
Accounts payable and accrued expenses 67,037 59,105
Revolving line of credit 40,500 22,500
Mortgages payable 1,013,161 997,689
Other 107,731 63,178
TOTAL LIABILITIES 1,228,429 1,142,472
COMMITMENTS AND CONTINGENCIES (NOTE 6)      
REDEEMABLE NONCONTROLLING INTERESTS - CONSOLIDATED REAL ESTATE ENTITIES 6,373 6,203
Statement [Line Items]    
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 119,808,974 shares issued and outstanding at October 31, 2014, and 109,019,341 shares issued and outstanding at April 30, 2014) 918,221 843,268
Accumulated distributions in excess of net income (420,036) (389,758)
Total Investors Real Estate Trust shareholders' equity 636,859 592,184
Noncontrolling interests - Operating Partnership (14,730,919 units at October 31, 2014 and 21,093,445 units at April 30, 2014) 63,207 105,724
Noncontrolling interests - consolidated real estate entities 26,602 22,638
Total equity 726,668 720,546
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY 1,961,470 1,869,221
Preferred Series A [Member]
    
Statement [Line Items]    
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares) 27,317 27,317
Preferred Series B [Member]
    
Statement [Line Items]    
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares) $ 111,357 $ 111,357