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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jan. 31, 2017
Apr. 30, 2016
Real estate investments    
Property owned $ 1,685,823 $ 1,681,471
Less accumulated depreciation (334,875) (312,889)
Total property owned 1,350,948 1,368,582
Development in progress 11,531 51,681
Unimproved land 19,076 20,939
Total real estate investments 1,381,555 1,441,202
Other assets    
Assets held for sale and assets of discontinued operations 140,226 220,537
Cash and cash equivalents 56,999 66,698
Other investments   50
Receivable arising from straight-lining of rents, net of allowance of $308 and $333, respectively 7,839 7,179
Accounts receivable, net of allowance of $220 and $97, respectively 3,878 1,524
Prepaid and other assets 4,060 2,937
Intangible assets, net of accumulated amortization of $5,372 and $6,230, respectively 731 1,858
Tax, insurance, and other escrow 5,724 5,450
Property and equipment, net of accumulated depreciation of $1,120 and $1,058, respectively 915 1,011
Goodwill 1,645 1,680
Deferred charges and leasing costs, net of accumulated amortization of $3,819 and $3,719, respectively 5,517 4,896
TOTAL ASSETS 1,609,089 1,755,022
LIABILITIES    
Liabilities held for sale and liabilities of discontinued operations 54,291 77,488
Accounts payable and accrued expenses 41,351 39,727
Revolving line of credit 157,000 17,500
Mortgages payable, net of unamortized loan costs of $5,525 and $4,931, respectively 688,424 812,393
Construction debt and other 39,524 82,130
TOTAL LIABILITIES 980,590 1,029,238
COMMITMENTS AND CONTINGENCIES (NOTE 6)
REDEEMABLE NONCONTROLLING INTERESTS - CONSOLIDATED REAL ESTATE ENTITIES 7,300 7,522
Investors Real Estate Trust shareholders' equity    
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 121,889,299 shares issued and outstanding at January 31, 2017, and 121,091,249 shares issued and outstanding at April 30, 2016) 921,735 922,084
Accumulated distributions in excess of net income (486,015) (442,000)
Total Investors Real Estate Trust shareholders' equity 547,077 618,758
Noncontrolling interests – Operating Partnership (16,034,209 units at January 31, 2017 and 16,285,239 units at April 30, 2016) 72,007 78,484
Noncontrolling interests - consolidated real estate entities 2,115 21,020
Total equity 621,199 718,262
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY 1,609,089 1,755,022
Series A Preferred Stock [Member]    
Investors Real Estate Trust shareholders' equity    
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares)   27,317
Series B Preferred Stock [Member]    
Investors Real Estate Trust shareholders' equity    
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares) $ 111,357 $ 111,357