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EARNINGS PER SHARE (Details) $ / shares in Units, $ in Thousands | 2 Months Ended | 3 Months Ended | 8 Months Ended | 12 Months Ended
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Dec. 31, 2018 USD ($) $ / shares | Oct. 31, 2018 USD ($) $ / shares | Jul. 31, 2018 USD ($) $ / shares | Apr. 30, 2018 USD ($) $ / shares | Jan. 31, 2018 USD ($) $ / shares | Oct. 31, 2017 USD ($) $ / shares | Jul. 31, 2017 USD ($) $ / shares | Apr. 30, 2017 USD ($) $ / shares | Jan. 31, 2017 USD ($) $ / shares | Oct. 31, 2016 USD ($) $ / shares | Jul. 31, 2016 USD ($) $ / shares | Dec. 31, 2018 USD ($) $ / shares shares | Dec. 31, 2017 USD ($) $ / shares | Apr. 30, 2018 USD ($) $ / shares shares | Apr. 30, 2017 USD ($) $ / shares shares | Apr. 30, 2016 USD ($) $ / shares shares
Earnings Per Share [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ratio of units exchanged for shares |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  |
Antidilutive excluded from computation of earnings per share | shares |  |  |  |  |  |  |  |  |  |  |  | 25,300 |  |  |  |
Net Income (Loss) Attributable to Parent [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations – controlling interests |  |  |  |  |  |  |  |  |  |  |  | $ (4,908) |  | $ (30,266) | $ (24,473) | $ 11,553
Income (loss) from discontinued operations – controlling interests |  |  |  |  |  |  |  |  |  |  |  | 510 |  | 147,054 | 67,820 | 60,453
Net income (loss) attributable to controlling interests | $ (2,756) | $ (4,558) | $ 2,916 | $ (20,874) | $ 136,105 | $ 12,821 | $ (11,264) | $ 30,280 | $ 23,110 | $ 11,600 | $ (21,643) | (4,398) | $ 127,414 | 116,788 | 43,347 | 72,006
Dividends to preferred shareholders |  |  |  |  |  |  |  |  |  |  |  | (4,547) |  | (8,569) | (10,546) | (11,514)
Redemption of preferred shares |  |  |  |  |  |  |  |  |  |  |  | 0 | (3,657) | (3,657) | (1,435) | 0
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS | $ (3,892) | $ (6,264) | $ 1,211 | $ (22,579) | $ 134,331 | $ 6,360 | $ (13,550) | $ 27,994 | $ 19,172 | $ 8,722 | $ (24,522) | (8,945) | 117,461 | 104,562 | 31,366 | 60,492
Noncontrolling interests – Operating Partnership |  |  |  |  |  |  |  |  |  |  |  | (1,032) | $ 14,222 | 12,702 | 4,059 | 7,032
Numerator for diluted earnings per share |  |  |  |  |  |  |  |  |  |  |  | $ (9,977) |  | $ 117,264 | $ 35,425 | $ 67,524
DENOMINATOR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share weighted average shares (in shares) | shares |  |  |  |  |  |  |  |  |  |  |  | 11,937,000 |  | 119,977,000 | 121,169,000 | 123,094,000
Effect of convertible operating partnership units (in shares) | shares |  |  |  |  |  |  |  |  |  |  |  | 1,387,000 |  | 14,617,000 | 16,130,000 | 14,278,000
Denominator for diluted earnings per share (in shares) | shares |  |  |  |  |  |  |  |  |  |  |  | 13,324,000 |  | 134,594,000 | 137,299,000 | 137,372,000
Earnings (loss) per common share from continuing operations – Investors Real Estate Trust – basic and diluted (in dollars per share) | $ / shares |  |  |  |  |  |  |  |  |  |  |  | $ (0.79) | $ (1.41) | $ (3.54) | $ (3.01) | $ 0.00
Earnings (loss) per common share from discontinued operations – basic and diluted (in dollars per share) | $ / shares |  |  |  |  |  |  |  |  |  |  |  | 0.04 | 11.19 | 12.25 | 5.59 | 4.91
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED (in dollars per share) | $ / shares | $ (0.33) | $ (0.52) | $ 0.10 | $ (1.89) | $ 11.22 | $ 0.53 | $ (1.12) | $ 2.33 | $ 1.58 | $ 0.72 | $ (2.02) | $ (0.75) | $ 9.78 | $ 8.71 | $ 2.58 | $ 4.91

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