v3.26.1
Segment Reporting - Schedule of Financial Results (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:          
Rental revenue $ 20,683 $ 14,498   $ 40,262 $ 29,416
Income from commercial loans 3,196 390   7,473 785
Other revenue 1,000 760   2,563 2,030
Total revenues 24,879 15,648   50,298 32,231
Expenses:          
Rental property operating expenses 8,242 6,631   16,115 12,337
Interest expense 5,622 3,925   11,985 8,485
Total expenses 10,393 6,631   20,316 12,337
Income (loss) from unconsolidated entities, net 4,056 2,895   7,682 5,382
Income (loss) from investment in affiliated fund, net 85 224   14 697
Gain (loss) on real estate-related securities, net 351 697   624 1,250
Segment net operating income 18,978 12,833   38,302 27,223
Depreciation and amortization (11,956) (9,629)   (24,072) (19,099)
General and administrative (1,742) (2,495)   (3,587) (4,599)
Gain (loss) on derivative instruments, net 213 (92)   772 (637)
Unrealized gain (loss) on commercial loans 171 21   179 (45)
Debt extinguishment charges 0 (451)   0 (485)
Interest income 76 756   189 1,486
Management fee - related party (1,148) (708)   (2,181) (1,313)
Performance participation interest - related party (482) (8)   (1,263) (8)
Other income (expense) (365) (85)   (225) (163)
Net income (loss) attributable to Invesco Real Estate Income Trust Inc. 274 (3,783)   330 (6,125)
Net (income) loss attributable to non-controlling interests in consolidated joint ventures (2,614) (317)   (4,828) (304)
Net (income) loss attributable to non-controlling interest in INREIT OP 1 (37) $ (18) 1 (55)
Net income (loss) attributable to common stockholders (2,339) (4,137)   (4,497) (6,484)
Operating Segments          
Expenses:          
Interest expense 2,151 0   4,201 0
Operating Segments | Healthcare          
Revenues:          
Rental revenue 0 0   0 0
Income from commercial loans 0 0   0 0
Other revenue 0 0   0 0
Total revenues 0 0   0 0
Expenses:          
Rental property operating expenses 0 0   0 0
Interest expense 0 0   0 0
Total expenses 0 0   0 0
Income (loss) from unconsolidated entities, net 1,650 876   3,214 1,830
Income (loss) from investment in affiliated fund, net 0 0   0 0
Gain (loss) on real estate-related securities, net 0 0   0 0
Segment net operating income 1,650 876   3,214 1,830
Depreciation and amortization (1,518) (1,557)   (3,058) (3,084)
Operating Segments | Office          
Revenues:          
Rental revenue 2,079 731   4,106 1,462
Income from commercial loans 0 0   0 0
Other revenue 146 0   254 0
Total revenues 2,225 731   4,360 1,462
Expenses:          
Rental property operating expenses 457 136   905 294
Interest expense 0 0   0 0
Total expenses 457 136   905 294
Income (loss) from unconsolidated entities, net 0 0   0 0
Income (loss) from investment in affiliated fund, net 0 0   0 0
Gain (loss) on real estate-related securities, net 0 0   0 0
Segment net operating income 1,768 595   3,455 1,168
Depreciation and amortization (1,075) (341)   (2,150) (683)
Operating Segments | Industrial          
Revenues:          
Rental revenue 6,682 3,585   12,364 7,673
Income from commercial loans 0 0   0 0
Other revenue 87 87   174 174
Total revenues 6,769 3,672   12,538 7,847
Expenses:          
Rental property operating expenses 2,018 1,520   4,028 2,545
Interest expense 0 0   0 0
Total expenses 2,018 1,520   4,028 2,545
Income (loss) from unconsolidated entities, net 0 0   0 0
Income (loss) from investment in affiliated fund, net 0 0   0 0
Gain (loss) on real estate-related securities, net 0 0   0 0
Segment net operating income 4,751 2,152   8,510 5,302
Depreciation and amortization (3,257) (2,300)   (6,258) (4,816)
Operating Segments | Self-Storage          
Revenues:          
Rental revenue 1,569 1,625   3,146 3,199
Income from commercial loans 0 0   0 0
Other revenue 159 152   307 303
Total revenues 1,728 1,777   3,453 3,502
Expenses:          
Rental property operating expenses 829 902   1,661 1,611
Interest expense 0 0   0 0
Total expenses 829 902   1,661 1,611
Income (loss) from unconsolidated entities, net 0 0   0 0
Income (loss) from investment in affiliated fund, net 0 0   0 0
Gain (loss) on real estate-related securities, net 0 0   0 0
Segment net operating income 899 875   1,792 1,891
Depreciation and amortization (467) (462)   (931) (918)
Operating Segments | Multifamily          
Revenues:          
Rental revenue 4,858 3,910   9,764 7,836
Income from commercial loans 0 0   0 0
Other revenue 134 114   276 223
Total revenues 4,992 4,024   10,040 8,059
Expenses:          
Rental property operating expenses 2,292 2,096   4,579 3,929
Interest expense 0 0   0 0
Total expenses 2,292 2,096   4,579 3,929
Income (loss) from unconsolidated entities, net 0 0   0 0
Income (loss) from investment in affiliated fund, net 0 0   0 0
Gain (loss) on real estate-related securities, net 0 0   0 0
Segment net operating income 2,700 1,928   5,461 4,130
Depreciation and amortization (1,873) (2,070)   (4,090) (4,833)
Operating Segments | Student Housing          
Revenues:          
Rental revenue 3,063 3,110   6,103 6,301
Income from commercial loans 0 0   0 0
Other revenue 283 327   553 584
Total revenues 3,346 3,437   6,656 6,885
Expenses:          
Rental property operating expenses 1,629 1,482   2,918 2,957
Interest expense 0 0   0 0
Total expenses 1,629 1,482   2,918 2,957
Income (loss) from unconsolidated entities, net 0 0   0 0
Income (loss) from investment in affiliated fund, net 0 0   0 0
Gain (loss) on real estate-related securities, net 0 0   0 0
Segment net operating income 1,717 1,955   3,738 3,928
Depreciation and amortization (1,253) (1,495)   (2,478) (2,406)
Operating Segments | Retail          
Revenues:          
Rental revenue 1,493 1,445   2,924 2,853
Income from commercial loans 0 0   0 0
Other revenue 3 0   157 1
Total revenues 1,496 1,445   3,081 2,854
Expenses:          
Rental property operating expenses 462 534   1,018 1,004
Interest expense 0 0   0 0
Total expenses 462 534   1,018 1,004
Income (loss) from unconsolidated entities, net 0 0   0 0
Income (loss) from investment in affiliated fund, net 0 0   0 0
Gain (loss) on real estate-related securities, net 0 0   0 0
Segment net operating income 1,034 911   2,063 1,850
Depreciation and amortization (512) (517)   (1,025) (1,039)
Operating Segments | Private Real Estate Credit          
Revenues:          
Rental revenue 0 0   0 0
Income from commercial loans 3,196 390   7,473 785
Other revenue 0 0   20 0
Total revenues 3,196 390   7,493 785
Expenses:          
Rental property operating expenses 0 0   0 0
Interest expense 2,151 0   4,201 0
Total expenses 2,151 0   4,201 0
Income (loss) from unconsolidated entities, net 867 831   1,714 1,645
Income (loss) from investment in affiliated fund, net 85 224   14 697
Gain (loss) on real estate-related securities, net 0 0   0 0
Segment net operating income 1,997 1,445   5,020 3,127
Depreciation and amortization 0 0   0 0
Operating Segments | Real Estate-Related Securities          
Revenues:          
Rental revenue 0 0   0 0
Income from commercial loans 0 0   0 0
Other revenue 0 0   0 0
Total revenues 0 0   0 0
Expenses:          
Rental property operating expenses 0 0   0 0
Interest expense 0 0   0 0
Total expenses 0 0   0 0
Income (loss) from unconsolidated entities, net 0 0   0 0
Income (loss) from investment in affiliated fund, net 0 0   0 0
Gain (loss) on real estate-related securities, net 351 697   624 1,250
Segment net operating income 351 697   624 1,250
Depreciation and amortization 0 0   0 0
Corporate and Other          
Revenues:          
Rental revenue 939 92   1,855 92
Income from commercial loans 0 0   0 0
Other revenue 188 80   822 745
Total revenues 1,127 172   2,677 837
Expenses:          
Rental property operating expenses 555 (39)   1,006 (3)
Interest expense 0 0   0 0
Total expenses 555 (39)   1,006 (3)
Income (loss) from unconsolidated entities, net 1,539 1,188   2,754 1,907
Income (loss) from investment in affiliated fund, net 0 0   0 0
Gain (loss) on real estate-related securities, net 0 0   0 0
Segment net operating income 2,111 1,399   4,425 2,747
Depreciation and amortization (2,001) (887)   (4,082) (1,320)
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment          
Expenses:          
Interest expense $ 3,471 $ 3,925   $ 7,784 $ 8,485