XML 17 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Rental revenue $ 15,552 $ 13,264 $ 31,052 $ 22,927
Income from commercial loans 919 0 2,174 0
Other revenue 753 643 1,478 1,226
Total revenues 17,224 13,907 34,704 24,153
Expenses        
Rental property operating 6,768 4,925 12,592 8,143
General and administrative 1,457 1,289 2,621 2,912
Management fee - related party 418 187 814 301
Performance participation interest - related party 0 2,273 0 4,394
Depreciation and amortization 6,139 11,710 13,530 20,488
Total expenses 14,782 20,384 29,557 36,238
Other income (expense), net        
Income from unconsolidated entities, net 813 1,728 360 5,707
Losses from real estate-related securities (195) (1,123) (77) (1,095)
Income (loss) from investments in affiliated fund 515 0 (418) 0
Unrealized gain (loss) on derivative instruments 1,800 954 (546) 2,470
Interest expense (5,476) (3,238) (10,797) (5,275)
Other income (expense) 85 (9) 72 (84)
Total other income (expense), net (2,458) (1,688) (11,406) 1,723
Net loss attributable to Invesco Real Estate Income Trust Inc. (16) (8,165) (6,259) (10,362)
Dividends to preferred stockholders (2) (2) (4) (4)
Net (income) loss attributable to non-controlling interests in consolidated joint ventures (39) 430 716 444
Net (income) loss attributable to non-controlling interest in INREIT OP (8) 38 32 299
Net loss attributable to common stockholders, basic (65) (7,699) (5,515) (9,623)
Net loss attributable to common stockholders, diluted $ (65) $ (7,699) $ (5,515) $ (9,623)
Loss per share:        
Net loss per share of common stock, basic (in USD per share) $ 0 $ (0.49) $ (0.27) $ (0.66)
Net loss per share of common stock, diluted (in USD per share) $ 0 $ (0.49) $ (0.27) $ (0.66)
Weighted average shares of common stock outstanding, basic (in shares) 20,579,561 15,647,218 20,583,036 14,671,363
Weighted average shares of common stock outstanding, diluted (in shares) 20,579,561 15,647,218 20,583,036 14,671,363