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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Rental revenue $ 14,494 $ 15,500
Income from commercial loans 1,130 1,255
Other revenue 740 725
Total revenues 16,364 17,480
Expenses    
Rental property operating 6,639 5,824
General and administrative 998 1,164
Management fee - related party 465 396
Depreciation and amortization 6,024 7,391
Total expenses 14,126 14,775
Other income (expense), net    
Income (loss) from unconsolidated entities, net 1,002 (453)
Gains from real estate-related securities, net 1,018 118
Income (loss) from investment in affiliated fund, net 651 (933)
Gain (loss) on derivative instruments, net 1,723 (1,118)
Unrealized gain on commercial loans 54 0
Interest income 298 0
Interest expense (5,959) (6,549)
Other expense (188) (13)
Total other income (expense), net (1,401) (8,948)
Net income (loss) attributable to Invesco Real Estate Income Trust Inc. 837 (6,243)
Dividends to preferred stockholders (2) (2)
Net loss attributable to non-controlling interests in consolidated joint ventures 22 755
Net loss attributable to non-controlling interest in INREIT OP 39 40
Net income (loss) attributable to common stockholders, basic 896 (5,450)
Net income (loss) attributable to common stockholders, diluted $ 896 $ (5,450)
Loss per share:    
Net income (loss) per share of common stock, basic (in USD per share) $ 0.04 $ (0.26)
Net income (loss) per share of common stock, diluted (in USD per share) $ 0.04 $ (0.26)
Weighted average shares of common stock outstanding, basic (in shares) 21,631,918 20,583,532
Weighted average shares of common stock outstanding, diluted (in shares) 21,631,918 20,583,532