XML 93 R79.htm IDEA: XBRL DOCUMENT
v3.20.4

SHARE BASED COMPENSATION - Activity for Restricted Shares Awards and Restricted Stock Units (Details) - $ / shares | 8 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2018 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Apr. 30, 2018
Shares [Roll Forward] |  |  |  |  |
Award vesting period |  | 4 years |  |  |
Restricted Share Awards | Restricted Stock |  |  |  |  |
Shares [Roll Forward] |  |  |  |  |
Unvested, beginning of period (in shares) | 9,900 | 2,192 | 7,191 |  | 19,511
Granted (in shares) | 0 | 0 | 0 |  | 9,136
Vested (in shares) | (2,709) | (2,192) | (4,999) |  | (18,545)
Forfeited (in shares) | 0 | 0 | 0 |  | (202)
Unvested, end of period (in shares) | 7,191 | 0 | 2,192 | 7,191 | 9,900
Wtd Avg Grant-Date Fair Value [Abstract] |  |  |  |  |
Unvested, beginning of period (in dollars per share) |  | $ 59.20 |  |  |
Granted (in dollars per share) |  |  |  |  | 57.55
Vested (in dollars per share) | 63.21 | $ 59.20 | 61.06 |  | 59.89
Forfeited (in dollars per share) |  |  |  |  | 62.40
Unvested, end of period (in dollars per share) |  |  | $ 59.20 |  |
Restricted Share Awards | Restricted Stock | LTIP Awards |  |  |  |  |
Shares [Roll Forward] |  |  |  |  |
Granted (in shares) |  | 9,709 |  |  |
Award vesting period |  | 3 years |  |  |
Restricted Stock Units with Service Conditions | Restricted Stock Units (RSU) |  |  |  |  |
Shares [Roll Forward] |  |  |  |  |
Unvested, beginning of period (in shares) | 6,787 | 22,346 | 18,260 |  | 0
Granted (in shares) | 14,878 |  | 17,981 | 16,084 | 6,994
Vested (in shares) | (2,943) |  | (14,991) | (11,633) | (207)
Change in awards (in shares) |  |  | 0 |  |
Forfeited (in shares) | (462) |  | (508) | (365) | 0
Unvested, end of period (in shares) | 18,260 | 24,828 | 22,346 | 18,260 | 6,787
Wtd Avg Grant-Date Fair Value [Abstract] |  |  |  |  |
Unvested, beginning of period (in dollars per share) | $ 60.85 | $ 58.41 | $ 55.13 |  | $ 0
Granted (in dollars per share) | 53.60 |  | 68.25 | $ 59.76 | 60.54
Vested (in dollars per share) | 60.83 |  | 59.10 | 55.35 | 50.30
Change in awards (in dollars per share) |  |  | 0 |  |
Forfeited (in dollars per share) | 53.60 |  | 62.99 | 51.73 | 0
Unvested, end of period (in dollars per share) | $ 55.13 | $ 65.03 | $ 58.41 | $ 55.13 | $ 60.85
Restricted Stock With Market Conditions | Restricted Stock Units (RSU) |  |  |  |  |
Shares [Roll Forward] |  |  |  |  |
Unvested, beginning of period (in shares) | 11,538 | 37,822 | 25,319 |  | 0
Granted (in shares) | 15,461 |  | 0 | 12,978 | 11,538
Vested (in shares) | 0 |  | (13,357) | 0 | 0
Change in awards (in shares) |  |  | 4,436 |  |
Forfeited (in shares) | (1,680) |  | (1,907) | (475) | 0
Unvested, end of period (in shares) | 25,319 | 26,994 | 37,822 | 25,319 | 11,538
Wtd Avg Grant-Date Fair Value [Abstract] |  |  |  |  |
Unvested, beginning of period (in dollars per share) | $ 70.90 | $ 68.62 | $ 62.84 |  | $ 0
Granted (in dollars per share) | 57.70 |  | 0 | $ 79.49 | 70.90
Vested (in dollars per share) | 0 |  | 74.68 | 0 | 0
Change in awards (in dollars per share) |  |  | 0 |  |
Forfeited (in dollars per share) | 70.90 |  | 63.92 | 57.70 | 0
Unvested, end of period (in dollars per share) | $ 62.84 | $ 67.87 | $ 68.62 | $ 62.84 | $ 70.90

X
- Definition Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options, Increase (Decrease), Weighted Average Grant Date Fair Value + References No definition available. + Details
Name: | iret_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsIncreaseDecreaseWeightedAverageGrantDateFairValue
Namespace Prefix: | iret_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(3) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(3) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i)-(ii) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i)-(ii) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The net total number of shares (or other type of equity) under an equity-based award plan, other than a stock option plan, that were granted, vested and forfeited during the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPeriodIncreaseDecrease
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_PlanNameAxis=iret_RestrictedShareAwardsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardDateAxis=iret_AwardIn2018Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=iret_RestrictedStockUnitsWithServiceConditionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=iret_RestrictedStockWithMarketConditionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |