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EARNINGS PER SHARE (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Oct. 31, 2013
Oct. 31, 2012
NUMERATOR [Abstract]        
Income from continuing operations - Investors Real Estate Trust $ 4,412 $ 5,750 $ 6,838 $ 7,064
Income from discontinued operations - Investors Real Estate Trust 4,375 2,762 5,027 3,127
Net income attributable to Investors Real Estate Trust 8,787 8,512 11,865 10,191
Dividends to preferred shareholders (2,878) (2,878) (5,757) (3,471)
Numerator for basic earnings per share - net income available to common shareholders 5,909 5,634 6,108 6,720
Noncontrolling interests - Operating Partnership 1,226 1,290 1,276 1,541
Numerator for diluted earnings per share $ 7,135 $ 6,924 $ 7,384 $ 8,261
DENOMINATOR [Abstract]        
Denominator for basic earnings per share weighted average shares 104,861 92,475 103,606 91,495
Effect of convertible operating partnership units 21,852 21,215 21,834 20,963
Denominator for diluted earnings per share 126,713 113,690 125,440 112,458
Earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted $ 0.02 $ 0.03 $ 0.01 $ 0.04
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted $ 0.04 $ 0.03 $ 0.05 $ 0.03
NET INCOME PER COMMON SHARE - BASIC AND DILUTED $ 0.06 $ 0.06 $ 0.06 $ 0.07