XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Rental revenue $ 15,516,000 $ 2,748,000 $ 38,443,000 $ 7,315,000
Income from commercial loan 702,000 0 702,000 0
Other revenue 860,000 88,000 2,086,000 268,000
Total revenues 17,078,000 2,836,000 41,231,000 7,583,000
Expenses        
Rental property operating 7,198,000 623,000 15,341,000 1,734,000
General and administrative 1,214,000 893,000 4,126,000 3,033,000
Management fee - related party 337,000 100 638,000 100
Performance participation interest - related party 1,335,000 1,446,000 5,729,000 2,237,000
Depreciation and amortization 11,759,000 1,417,000 32,247,000 4,979,000
Total expenses 21,843,000 4,379,000 58,081,000 11,983,000
Other income (expense), net        
Income from unconsolidated entities, net 2,757,000 182,000 8,464,000 1,686,000
Income (loss) from real estate-related securities (925,000) 19,000 (2,020,000) 83,000
Unrealized gain on derivative instruments 4,547,000 0 7,017,000 0
Interest expense (4,996,000) (730,000) (10,271,000) (1,813,000)
Other expense (34,000) 0 (118,000) 0
Total other income (expense), net 1,349,000 (529,000) 3,072,000 (44,000)
Net loss attributable to Invesco Real Estate Income Trust Inc. (3,416,000) (2,072,000) (13,778,000) (4,444,000)
Dividends to preferred stockholders (2,000) (2,000) (6,000) (6,000)
Net (income) loss attributable to non-controlling interests in consolidated joint ventures 324,000 (4,000) 768,000 (4,000)
Net loss attributable to non-controlling interest in INREIT OP 4,000 0 303,000 0
Net loss attributable to common stockholders, basic (3,090,000) (2,078,000) (12,713,000) (4,454,000)
Net loss attributable to common stockholders, diluted $ (3,090,000) $ (2,078,000) $ (12,713,000) $ (4,454,000)
Loss per share:        
Net loss per share of common stock, basic (in USD per share) $ (0.19) $ (0.32) $ (0.83) $ (0.73)
Net loss per share of common stock, diluted (in USD per share) $ (0.19) $ (0.32) $ (0.83) $ (0.73)
Weighted average shares of common stock outstanding, basic (in shares) 16,386,546 6,544,739 15,249,373 6,103,685
Weighted average shares of common stock outstanding, diluted (in shares) 16,386,546 6,544,739 15,249,373 6,103,685