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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Rental revenue $ 14,694,000 $ 16,012,000 $ 43,746,000 $ 47,064,000
Income from commercial loans 1,012,000 1,136,000 3,282,000 3,310,000
Other revenue 813,000 915,000 2,218,000 2,393,000
Total revenues 16,519,000 18,063,000 49,246,000 52,767,000
Expenses        
Rental property operating 6,554,000 6,913,000 18,972,000 19,505,000
General and administrative 2,180,000 959,000 4,943,000 3,580,000
Management fee - related party 515,000 446,000 1,478,000 1,260,000
Depreciation and amortization 5,733,000 6,203,000 17,676,000 19,733,000
Total expenses 14,982,000 14,521,000 43,069,000 44,078,000
Other income (expense), net        
Income (loss) from unconsolidated entities, net (952,000) 1,778,000 129,000 2,138,000
Gain (loss) on real estate-related securities, net 1,631,000 (448,000) 3,386,000 (525,000)
Income from investment in affiliated fund, net 200,000 493,000 1,356,000 75,000
Gain (loss) on derivative instruments, net (1,382,000) 1,384,000 888,000 3,753,000
Unrealized gain on commercial loans 36,000 0 146,000 0
Impairment loss on investments in real estate 0 (1,743,000) 0 (1,743,000)
Interest income 484,000 0 1,259,000 0
Interest expense (6,196,000) (7,118,000) (18,269,000) (20,830,000)
Other income (expense), net 180,000 (174,000) (309,000) (102,000)
Total other income (expense), net (5,999,000) (5,828,000) (11,414,000) (17,234,000)
Net loss attributable to Invesco Real Estate Income Trust Inc. (4,462,000) (2,286,000) (5,237,000) (8,545,000)
Dividends to preferred stockholders 0 (2,000) (4,000) (6,000)
Issuance and redemption costs of redeemed preferred stock 0 0 (24,000) 0
Net loss attributable to non-controlling interests in consolidated joint ventures 987,000 29,000 1,484,000 745,000
Net loss attributable to non-controlling interest in INREIT OP 15,000 11,000 57,000 43,000
Net loss attributable to common stockholders (3,460,000) (2,248,000) (3,724,000) (7,763,000)
Net loss attributable to common stockholders $ (3,460,000) $ (2,248,000) $ (3,724,000) $ (7,763,000)
Loss per share:        
Net loss per share of common stock, basic (in dollars per share) $ (0.15) $ (0.11) $ (0.17) $ (0.37)
Net loss per share of common stock diluted (in dollars per share) $ (0.15) $ (0.11) $ (0.17) $ (0.37)
Weighted average shares of common stock outstanding, basic (in shares) 22,352,693 20,975,438 22,028,519 20,717,793
Weighted average shares of common stock outstanding, diluted (in shares) 22,352,693 20,975,438 22,028,519 20,717,793