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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Rental revenue $ 15,500 $ 9,663
Income from commercial loans 1,255 0
Other revenue 725 583
Total revenues 17,480 10,246
Expenses    
Rental property operating 5,824 3,218
General and administrative 1,164 1,623
Management fee - related party 396 114
Performance participation interest - related party 0 2,121
Depreciation and amortization 7,391 8,778
Total expenses 14,775 15,854
Other income (expense), net    
Income (loss) from unconsolidated entities, net (453) 3,979
Income from real estate-related securities 118 28
Loss from investments in affiliated fund (933) 0
Unrealized gain (loss) on derivative instruments (2,346) 1,516
Interest expense (5,321) (2,037)
Other expense (13) (75)
Total other income (expense), net (8,948) 3,411
Net loss attributable to Invesco Real Estate Income Trust Inc. (6,243) (2,197)
Dividends to preferred stockholders (2) (2)
Net loss attributable to non-controlling interests in consolidated joint ventures 755 14
Net loss attributable to non-controlling interest in INREIT OP 40 261
Net loss attributable to common stockholders, basic (5,450) (1,924)
Net loss attributable to common stockholders, diluted $ (5,450) $ (1,924)
Loss per share:    
Net loss per share of common stock, basic (in USD per share) $ (0.26) $ (0.14)
Net loss per share of common stock, diluted (in USD per share) $ (0.26) $ (0.14)
Weighted average shares of common stock outstanding, basic (in shares) 20,583,532 13,684,665
Weighted average shares of common stock outstanding, diluted (in shares) 20,583,532 13,684,665