XML 53 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jul. 31, 2013
Apr. 30, 2013
Real estate investments    
Property owned $ 2,016,523 $ 2,032,970
Less accumulated depreciation (429,376) (420,421)
Total property owned 1,587,147 1,612,549
Development in progress 77,396 46,782
Unimproved land 20,774 21,503
Total real estate investments 1,685,317 1,680,834
Other assets    
Real estate held for sale 3,969 0
Cash and cash equivalents 93,193 94,133
Other investments 640 639
Receivable arising from straight-lining of rents, net of allowance of $752 and $830, respectively 26,671 26,354
Accounts receivable, net of allowance of $388 and $563, respectively 8,370 4,534
Real estate deposits 489 196
Prepaid and other assets 4,741 5,124
Intangible assets, net of accumulated amortization of $24,019 and $27,708, respectively 36,989 40,457
Tax, insurance, and other escrow 12,344 12,569
Property and equipment, net of accumulated depreciation of $1,757 and $1,673, respectively 1,217 1,221
Goodwill 1,100 1,106
Deferred charges and leasing costs, net of accumulated amortization of $19,810 and $18,714, respectively 21,602 22,387
TOTAL ASSETS 1,896,642 1,889,554
LIABILITIES    
Accounts payable and accrued expenses 52,563 50,797
Revolving line of credit 10,000 10,000
Mortgages payable 1,030,407 1,049,206
Other 32,366 18,170
TOTAL LIABILITIES 1,125,336 1,128,173
Statement [Line Items]    
Series A Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, 1,150,000 shares issued and outstanding at July 31, 2013 and April 30, 2013, aggregate liquidation preference of $28,750,000) 27,317 27,317
Series B Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, 4,600,000 shares issued and outstanding at July 31, 2013 and April 30, 2013, respectively, aggregate liquidation preference of $115,000,000) 111,357 111,357
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 104,226,469 shares issued and outstanding at July 31, 2013, and 101,487,976 shares issued and outstanding at April 30, 2013) 807,928 784,454
Accumulated distributions in excess of net income (323,406) (310,341)
Total Investors Real Estate Trust shareholders' equity 623,196 612,787
Noncontrolling interests - Operating Partnership (21,848,891 units at July 31, 2013 and 21,635,127 units at April 30, 2013) 122,334 122,539
Noncontrolling interests - consolidated real estate entities 25,776 26,055
Total equity 771,306 761,381
TOTAL LIABILITIES AND EQUITY $ 1,896,642 $ 1,889,554