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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Rental revenue $ 15,672 $ 14,694 $ 45,088 $ 43,746
Income from commercial loans 391 1,012 1,176 3,282
Other revenue 1,215 813 3,245 2,218
Total revenues 17,278 16,519 49,509 49,246
Expenses        
Rental property operating 6,836 6,554 19,173 18,972
General and administrative 725 2,180 5,324 4,943
Management fee - related party 776 515 2,089 1,478
Performance participation interest - related party (8) 0 0 0
Depreciation and amortization 7,612 5,733 21,821 17,676
Total expenses 15,941 14,982 48,407 43,069
Other income (expense), net        
Income (loss) from unconsolidated entities, net 14 (952) 506 129
Gain (loss) on real estate-related securities, net 976 1,631 2,226 3,386
Income (loss) from investment in affiliated fund, net 225 200 922 1,356
Gain (loss) on derivative instruments, net 182 (1,382) (455) 888
Unrealized gain (loss) on commercial loans 23 36 (22) 146
Debt extinguishment charges 0 0 (485) 0
Interest income 607 484 2,093 1,259
Interest expense (4,254) (6,196) (12,739) (18,269)
Other income (expense), net (130) 180 (293) (309)
Total other income (expense), net (2,357) (5,999) (8,247) (11,414)
Net income (loss) attributable to Invesco Real Estate Income Trust Inc. (1,020) (4,462) (7,145) (5,237)
Dividends to preferred stockholders 0 0 0 (4)
Issuance and redemption costs of redeemed preferred stock 0 0 0 (24)
Net (income) loss attributable to non-controlling interests in consolidated joint ventures (437) 987 (741) 1,484
Net (income) loss attributable to non-controlling interest in INREIT OP 0 15 (55) 57
Net income (loss) attributable to common stockholders (1,457) (3,460) (7,941) (3,724)
Net income (loss) attributable to common stockholders $ (1,457) $ (3,460) $ (7,941) $ (3,724)
Earnings (loss) per share:        
Net income (loss) per share of common stock, basic (in dollars per share) $ (0.06) $ (0.15) $ (0.35) $ (0.17)
Net income (loss) per share of common stock, diluted (in dollars per share) $ (0.06) $ (0.15) $ (0.35) $ (0.17)
Weighted average shares of common stock        
Basic (in shares) 22,941,347 22,352,693 22,837,463 22,028,519
Diluted (in shares) 22,941,347 22,352,693 22,837,463 22,028,519