v3.26.3
Segment Reporting - Schedule of Financial Results (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Rental revenue $ 20,834 $ 15,672 $ 61,096 $ 45,088
Income from commercial loans 3,257 391 10,730 1,176
Other revenue 1,783 1,215 4,346 3,245
Total revenues 25,874 17,278 76,172 49,509
Expenses:        
Rental property operating expenses 8,035 6,836 24,150 19,173
Interest expense 6,005 4,254 17,990 12,739
Total expenses 10,252 6,836 30,568 19,173
Income (loss) from unconsolidated entities, net 4,420 2,049 12,102 7,431
Income (loss) from investment in affiliated fund, net 150 225 164 922
Gain (loss) on real estate-related securities, net 224 976 848 2,226
Segment net operating income 20,416 13,692 58,718 40,915
Depreciation and amortization (12,456) (9,647) (36,528) (28,746)
General and administrative (2,075) (725) (5,662) (5,324)
Gain (loss) on derivative instruments, net 120 182 892 (455)
Unrealized gain (loss) on commercial loans (74) 23 105 (22)
Debt extinguishment charges 0 0 0 (485)
Interest income 128 607 317 2,093
Management fee - related party (1,360) (776) (3,541) (2,089)
Performance participation interest - related party (302) 8 (1,565) 0
Other income (expense) (273) (130) (498) (293)
Net income (loss) attributable to Invesco Real Estate Income Trust Inc. 336 (1,020) 666 (7,145)
Net (income) loss attributable to non-controlling interests in consolidated joint ventures (3,086) (437) (7,914) (741)
Net (income) loss attributable to non-controlling interest in INREIT OP 55 0 56 (55)
Net income (loss) attributable to common stockholders (2,695) (1,457) (7,192) (7,941)
Operating Segments        
Expenses:        
Interest expense 2,217 0 6,418 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 1,720 360 4,934 2,190
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 1,720 360 4,934 2,190
Depreciation and amortization (1,512) (1,506) (4,570) (4,590)
Operating Segments | Office        
Revenues:        
Rental revenue 2,100 732 6,206 2,194
Income from commercial loans 0 0 0 0
Other revenue 140 0 394 0
Total revenues 2,240 732 6,600 2,194
Expenses:        
Rental property operating expenses 490 143 1,395 437
Interest expense 0 0 0 0
Total expenses 490 143 1,395 437
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 1,750 589 5,205 1,757
Depreciation and amortization (1,081) (342) (3,231) (1,025)
Operating Segments | Industrial        
Revenues:        
Rental revenue 6,760 4,047 19,124 11,720
Income from commercial loans 0 0 0 0
Other revenue 87 87 261 261
Total revenues 6,847 4,134 19,385 11,981
Expenses:        
Rental property operating expenses 2,075 1,040 6,103 3,585
Interest expense 0 0 0 0
Total expenses 2,075 1,040 6,103 3,585
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 4,772 3,094 13,282 8,396
Depreciation and amortization (3,312) (2,352) (9,570) (7,170)
Operating Segments | Self-Storage        
Revenues:        
Rental revenue 1,919 1,678 5,065 4,877
Income from commercial loans 0 0 0 0
Other revenue 162 146 469 449
Total revenues 2,081 1,824 5,534 5,326
Expenses:        
Rental property operating expenses 811 859 2,472 2,470
Interest expense 0 0 0 0
Total expenses 811 859 2,472 2,470
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 1,270 965 3,062 2,856
Depreciation and amortization (799) (462) (1,730) (1,380)
Operating Segments | Multifamily        
Revenues:        
Rental revenue 4,821 4,283 14,585 12,119
Income from commercial loans 0 0 0 0
Other revenue 157 135 433 358
Total revenues 4,978 4,418 15,018 12,477
Expenses:        
Rental property operating expenses 2,280 2,060 6,859 5,989
Interest expense 0 0 0 0
Total expenses 2,280 2,060 6,859 5,989
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 2,698 2,358 8,159 6,488
Depreciation and amortization (1,894) (1,769) (5,984) (6,602)
Operating Segments | Student Housing        
Revenues:        
Rental revenue 2,618 3,244 8,721 9,545
Income from commercial loans 0 0 0 0
Other revenue 410 320 963 904
Total revenues 3,028 3,564 9,684 10,449
Expenses:        
Rental property operating expenses 1,389 2,044 4,307 5,001
Interest expense 0 0 0 0
Total expenses 1,389 2,044 4,307 5,001
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 1,639 1,520 5,377 5,448
Depreciation and amortization (1,250) (1,219) (3,728) (3,625)
Operating Segments | Retail        
Revenues:        
Rental revenue 1,653 1,414 4,577 4,267
Income from commercial loans 0 0 0 0
Other revenue 0 3 157 4
Total revenues 1,653 1,417 4,734 4,271
Expenses:        
Rental property operating expenses 466 549 1,484 1,553
Interest expense 0 0 0 0
Total expenses 466 549 1,484 1,553
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 1,187 868 3,250 2,718
Depreciation and amortization (658) (521) (1,683) (1,559)
Operating Segments | Private Real Estate Credit        
Revenues:        
Rental revenue 0 0 0 0
Income from commercial loans 3,257 391 10,730 1,176
Other revenue 0 0 20 0
Total revenues 3,257 391 10,750 1,176
Expenses:        
Rental property operating expenses 0 0 0 0
Interest expense 2,217 0 6,418 0
Total expenses 2,217 0 6,418 0
Income (loss) from unconsolidated entities, net 887 849 2,601 2,494
Income (loss) from investment in affiliated fund, net 150 225 164 922
Gain (loss) on real estate-related securities, net 0 0 0 0
Segment net operating income 2,077 1,465 7,097 4,592
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 224 976 848 2,226
Segment net operating income 224 976 848 2,226
Depreciation and amortization 0 0 0 0
Corporate and Other        
Revenues:        
Rental revenue 963 274 2,818 366
Income from commercial loans 0 0 0 0
Other revenue 827 524 1,649 1,269
Total revenues 1,790 798 4,467 1,635
Expenses:        
Rental property operating expenses 524 141 1,530 138
Interest expense 0 0 0 0
Total expenses 524 141 1,530 138
Income (loss) from unconsolidated entities, net 1,813 840 4,567 2,747
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 3,079 1,497 7,504 4,244
Depreciation and amortization (1,950) (1,476) (6,032) (2,795)
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment        
Expenses:        
Interest expense $ 3,788 $ 4,254 $ 11,572 $ 12,739