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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Rental revenue $ 14,558 $ 15,552 $ 29,052 $ 31,052
Income from commercial loans 1,140 919 2,270 2,174
Other revenue 665 753 1,405 1,478
Total revenues 16,363 17,224 32,727 34,704
Expenses        
Rental property operating 5,779 6,768 12,418 12,592
General and administrative 1,765 1,457 2,763 2,621
Management fee - related party 498 418 963 814
Depreciation and amortization 5,919 6,139 11,943 13,530
Total expenses 13,961 14,782 28,087 29,557
Other income (expense), net        
Income from unconsolidated entities, net 79 813 1,081 360
Gain (loss) on real estate-related securities, net 737 (195) 1,755 (77)
Income (loss) from investment in affiliated fund, net 505 515 1,156 (418)
Gain on derivative instruments, net 547 3,486 2,270 2,368
Unrealized gain on commercial loans 56 0 110 0
Interest income 477 0 775 0
Interest expense (6,114) (7,162) (12,073) (13,711)
Other income (expense), net (301) 85 (489) 72
Total other income (expense), net (4,014) (2,458) (5,415) (11,406)
Net loss attributable to Invesco Real Estate Income Trust Inc. (1,612) (16) (775) (6,259)
Dividends to preferred stockholders (2) (2) (4) (4)
Issuance and redemption costs of redeemed preferred stock (24) 0 (24) 0
Net (income) loss attributable to non-controlling interests in consolidated joint ventures 475 (39) 497 716
Net (income) loss attributable to non-controlling interest in INREIT OP 3 (8) 42 32
Net loss attributable to common stockholders (1,160) (65) (264) (5,515)
Net loss attributable to common stockholders $ (1,160) $ (65) $ (264) $ (5,515)
Loss per share:        
Net loss per share of common stock, basic (in USD per share) $ (0.05) $ 0 $ (0.01) $ (0.27)
Net loss per share of common stock diluted (in USD per share) $ (0.05) $ 0 $ (0.01) $ (0.27)
Weighted average shares of common stock outstanding, basic (in shares) 22,097,383 20,579,561 21,864,651 20,583,036
Weighted average shares of common stock outstanding, diluted (in shares) 22,097,383 20,579,561 21,864,651 20,583,036