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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Apr. 30, 2016
Jan. 31, 2016
Oct. 31, 2015
Jul. 31, 2015
Apr. 30, 2015
Jan. 31, 2015
Oct. 31, 2014
Jul. 31, 2014
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2014
EARNINGS PER SHARE [Abstract]                      
Ratio of units exchanged for shares                 one-for-one basis    
Minimum holding period                 1 year    
NUMERATOR [Abstract]                      
Income from continuing operations - Investors Real Estate Trust                 $ 20,600 $ 15,996 $ 6,065
Income from discontinued operations - Investors Real Estate Trust                 51,406 8,091 (19,239)
Net income (loss) attributable to Investors Real Estate Trust $ 11,003 $ 39,797 $ 16,666 $ 4,540 $ 10,753 $ 8,371 $ 5,114 $ (151) 72,006 24,087 (13,174)
Dividends to preferred shareholders                 (11,514) (11,514) (11,514)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 8,125 $ 36,918 $ 13,788 $ 1,661 $ 7,875 $ 5,492 $ 2,236 $ (3,030) 60,492 12,573 (24,688)
Noncontrolling interests - Operating Partnership                 7,032 1,526 (4,676)
Numerator for diluted earnings (loss) per share                 $ 67,524 $ 14,099 $ (29,364)
DENOMINATOR [Abstract]                      
Denominator for basic earnings per share weighted average shares (in shares)                 123,094 118,004 105,331
Effect of convertible operating partnership units (in shares)                 14,278 16,594 21,697
Denominator for diluted earnings per share (in shares)                 137,372 134,598 127,028
(Loss) earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted (in dollars per share)                 $ 0.08 $ 0.04 $ (0.05)
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted (in dollars per share)                 0.41 0.07 (0.18)
NET INCOME (LOSS) PER COMMON SHARE - BASIC & DILUTED (in dollars per share) $ 0.07 $ 0.30 $ 0.11 $ 0.01 $ 0.07 $ 0.05 $ 0.02 $ (0.03) $ 0.49 $ 0.11 $ (0.23)