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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Rental revenue $ 62,374 $ 53,860 $ 12,962
Income from commercial loans 4,439 1,399 0
Other revenue 3,193 2,854 622
Total revenues 70,006 58,113 13,584
Expenses      
Rental property operating 25,651 21,052 4,296
General and administrative 4,836 5,695 4,047
Management fee – related party 1,720 1,026 28
Performance participation interest – related party 0 3,977 3,280
Depreciation and amortization 25,491 41,015 10,457
Total expenses 57,698 72,765 22,108
Other income (expense), net      
Income from unconsolidated entities, net 1,908 8,367 3,148
Income (loss) from real estate-related securities, net 1,027 (2,127) (39)
Net gain from disposition of investment in real estate 54 0 0
Debt extinguishment charges (632) 0 0
Income (loss) from investment in affiliated fund, net 493 (31) 0
Gain on derivative instruments, net 1,662 6,679 0
Unrealized loss from commercial loans (181) 0 0
Impairment loss on investments in real estate (7,924) 0 0
Interest income 111 0 0
Interest expense (27,265) (16,041) (2,977)
Other expense (346) (94) (9)
Total other income (expense), net (31,093) (3,247) 123
Net loss attributable to Invesco Real Estate Income Trust Inc. (18,785) (17,899) (8,401)
Dividends to preferred stockholders (8) (8) (8)
Net loss attributable to non-controlling interests in consolidated joint ventures 1,673 1,437 25
Net loss attributable to non-controlling interest in INREIT OP 82 502 0
Net loss attributable to common stockholders, basic (17,038) (15,968) (8,384)
Net loss attributable to common stockholders, diluted $ (17,038) $ (15,968) $ (8,384)
Loss per share:      
Net loss per share of common stock, basic (in USD per share) $ (0.82) $ (1.00) $ (1.21)
Net loss per share of common stock, diluted (in USD per share) $ (0.82) $ (1.00) $ (1.21)
Weighted average shares of common stock outstanding, basic (in shares) 20,883,401 15,976,374 6,921,009
Weighted average shares of common stock outstanding, diluted (in shares) 20,883,401 15,976,374 6,921,009