CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Apr. 30, 2012
Real estate investments
Property owned	$ 1,979,099	$ 1,892,009
Less accumulated depreciation	(387,286)	(373,490)
Total property owned	1,591,813	1,518,519
Development in progress	10,498	27,599
Unimproved land	10,990	10,990
Total real estate investments	1,613,301	1,557,108
Other assets
Real estate held for sale	1,131	2,067
Cash and cash equivalents	37,002	39,989
Other investments	635	634
Receivable arising from straight-lining of rents, net of allowance of $1,270 and $1,209, respectively	24,127	23,273
Accounts receivable, net of allowance of $334 and $154, respectively	6,448	7,052
Real estate deposits	4	263
Prepaid and other assets	3,070	3,703
Intangible assets, net of accumulated amortization of $49,357 and $47,813, respectively	43,796	44,588
Tax, insurance, and other escrow	13,161	11,669
Property and equipment, net of accumulated depreciation of $1,554 and $1,423, respectively	1,332	1,454
Goodwill	1,120	1,120
Deferred charges and leasing costs, net of accumulated amortization of $17,509 and $16,244, respectively	21,932	21,447
TOTAL ASSETS	1,767,059	1,714,367
LIABILITIES
Accounts payable and accrued expenses	41,084	47,403
Revolving line of credit	44,500	39,000
Mortgages payable	1,080,655	1,048,689
Other	25,094	14,012
TOTAL LIABILITIES	1,191,333	1,149,104
COMMITMENTS AND CONTINGENCIES (NOTE 6)
Investors Real Estate Trust shareholders' equity
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, 1,150,000 shares issued and outstanding at July 31, 2012 and April 30, 2012, aggregate liquidation preference of $28,750,000)	27,317	27,317
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 91,811,928 shares issued and outstanding at July 31, 2012, and 89,473,838 shares issued and outstanding at April 30, 2012)	701,431	684,049
Accumulated distributions in excess of net income	(289,025)	(278,377)
Total Investors Real Estate Trust shareholders' equity	439,723	432,989
Noncontrolling interests - Operating Partnership (21,170,797 units at July 31, 2012 and 20,332,415 units at April 30, 2012)	122,373	118,710
Noncontrolling interests - consolidated real estate entities	13,630	13,564
Total equity	575,726	565,263
TOTAL LIABILITIES AND EQUITY	$ 1,767,059	$ 1,714,367