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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Oct. 31, 2014
Oct. 31, 2013
REVENUE        
Real estate rentals $ 58,835 $ 54,477 $ 115,961 $ 108,100
Tenant reimbursement 11,207 11,295 21,918 22,770
TRS senior housing revenue 843 0 1,636 0
TOTAL REVENUE 70,885 65,772 139,515 130,870
EXPENSES        
Depreciation/amortization related to real estate investments 16,828 16,367 33,012 34,423
Utilities 5,093 5,208 9,774 10,131
Maintenance 7,828 7,162 15,592 14,891
Real estate taxes 8,266 8,361 16,767 16,736
Insurance 1,345 1,413 3,081 2,714
Property management expenses 4,355 4,184 8,985 8,319
Other property expenses 350 3 556 180
TRS senior housing expenses 725 0 1,418 0
General and administrative 3,468 3,205 7,744 6,637
Amortization related to non-real estate investments 840 800 1,712 1,744
Impairment of real estate investments 3,245 0 5,565 0
TOTAL EXPENSES 52,343 46,703 104,206 95,775
Gain on involuntary conversion 0 0 0 966
Operating income 18,542 19,069 35,309 36,061
Interest expense (14,599) (14,799) (29,263) (29,395)
Interest income 560 585 1,120 773
Other income 136 67 267 89
Income before gain on sale of real estate and other investments 4,639 4,922 7,433 7,528
Gain (loss) on sale of real estate and other investments 1,231 0 (1,762) 0
Income from continuing operations 5,870 4,922 5,671 7,528
Income from discontinued operations 0 5,375 0 5,985
NET INCOME 5,870 10,297 5,671 13,513
Net (income) loss attributable to noncontrolling interests - Operating Partnership (363) (1,226) 39 (1,276)
Net income attributable to noncontrolling interests - consolidated real estate entities (393) (284) (747) (372)
Net income attributable to Investors Real Estate Trust 5,114 8,787 4,963 11,865
Dividends to preferred shareholders (2,878) (2,878) (5,757) (5,757)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 2,236 $ 5,909 $ (794) $ 6,108
Earnings (loss) per common share from continuing operations - Investors Real Estate Trust - basic and diluted $ 0.02 $ 0.01 $ (0.01) $ 0.01
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted (in dollars per share) $ 0 $ 0.05 $ 0 $ 0.05
NET INCOME (LOSS) PER COMMON SHARE - BASIC & DILUTED $ 0.02 $ 0.06 $ (0.01) $ 0.06
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.1300 $ 0.1300 $ 0.2600 $ 0.2600