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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Rental revenue $ 14,498 $ 14,558 $ 29,416 $ 29,052
Income from commercial loans 390 1,140 785 2,270
Other revenue 760 665 2,030 1,405
Total revenues 15,648 16,363 32,231 32,727
Expenses        
Rental property operating 6,631 5,779 12,337 12,418
General and administrative 2,495 1,765 4,599 2,763
Management fee - related party 708 498 1,313 963
Performance participation interest - related party 8 0 8 0
Depreciation and amortization 7,153 5,919 14,209 11,943
Total expenses 16,995 13,961 32,466 28,087
Other income (expense), net        
Income (loss) from unconsolidated entities, net 419 79 492 1,081
Gain (loss) on real estate-related securities, net 697 737 1,250 1,755
Income (loss) from investment in affiliated fund, net 224 505 697 1,156
Gain (loss) on derivative instruments, net (92) 547 (637) 2,270
Unrealized gain (loss) on commercial loans 21 56 (45) 110
Debt extinguishment charges (451) 0 (485) 0
Interest income 756 477 1,486 775
Interest expense (3,925) (6,114) (8,485) (12,073)
Other income (expense), net (85) (301) (163) (489)
Total other income (expense), net (2,436) (4,014) (5,890) (5,415)
Net income (loss) attributable to Invesco Real Estate Income Trust Inc. (3,783) (1,612) (6,125) (775)
Dividends to preferred stockholders 0 (2) 0 (4)
Issuance and redemption costs of redeemed preferred stock 0 (24) 0 (24)
Net (income) loss attributable to non-controlling interests in consolidated joint ventures (317) 475 (304) 497
Net (income) loss attributable to non-controlling interest in INREIT OP (37) 3 (55) 42
Net income (loss) attributable to common stockholders (4,137) (1,160) (6,484) (264)
Net income (loss) attributable to common stockholders $ (4,137) $ (1,160) $ (6,484) $ (264)
Earnings (loss) Per Share:        
Net income (loss) per share of common stock, basic (in dollars per share) $ (0.18) $ (0.05) $ (0.28) $ (0.01)
Net income (loss) per share of common stock, diluted (in dollars per share) $ (0.18) $ (0.05) $ (0.28) $ (0.01)
Weighted average shares of common stock        
Basic (in shares) 22,850,487 22,097,383 22,791,661 21,864,651
Diluted (in shares) 22,850,487 22,097,383 22,791,661 21,864,651