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INREIT
Performance

Objectives

INREIT seeks to provide stable, current income in the form of monthly distributions, protect invested capital, generate growth in NAV through disciplined investment selection and hands-on, proactive management, and create portfolio diversification by investing across markets and real property types.

Portfolio Details

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Total asset value 1 {{data.totalAssetValue | shortNumber | ifEmpty:'N/A'}}
Net asset value (NAV) 2 {{data.netAssetValue | shortNumber | ifEmpty:'N/A'}}
Number of properties 3 {{data.numberOfProperties | ifEmpty:'N/A'}}
Occupancy % 4 {{data.occupancyRate | percentage:'N/A'}}
Leverage ratio 5 {{data.leverageRatio | percentage:'N/A'}}

Portfolio Snapshot

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Investment Allocation 6

Property Type 7

Geography 8

No data available.

Performance

Share Class Selector

Performance Summary

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NAV Per Share {{ data.navPerShare | currency | ifEmpty:'N/A'}}
Monthly Net Distribution Per Share {{ data.dividendPerShare | currency | ifEmpty:'N/A' }}
Annualized Distribution Rate {{ data.annualizedDistributionRate | percentage:'N/A':decimalPlaces }}

The Monthly Net Distribution per Share reflects the current month’s distribution per share, net of any applicable stockholder servicing fees. 

The Annualized Distribution Rate reflects the current month’s distribution annualized and divided by the prior month’s net asset value, which is inclusive of all fees and expenses. For the quarter ended June 30, 2022, 100% of distributions were funded from cash flows from operations. Distributions are not guaranteed and may be sourced from non-income items. Past performance is not a guarantee of future results.

Total Returns

As of {{asOfDate | date: 'MM/dd/yyyy' :'EST'}}
Monthly YTD 1-YR Since Inception
Class {{ activeShareClassType }} ({{ return.performanceType }}) {{ return.oneMonth | percentage:'N/A':decimalPlaces }} {{ return.ytd | percentage:'N/A':decimalPlaces }} {{ return.oneYear | percentage:'N/A':decimalPlaces }} {{ return.itd | percentage:'N/A':decimalPlaces }}

Past performance is historical and not a guarantee of future results. "Total Return" does not necessarily mean that an investor is receiving a financial return, INREIT’s NAV is internally valued and INREIT retains the ability to pay distributions from sources other than cash flow. Returns shown reflect the percent change in the NAV per share from the beginning of the applicable period, plus the amount of any distribution per share declared in the period. All returns shown assume reinvestment of distributions pursuant to INREIT’s distribution reinvestment plan, are net of all INREIT expenses, including general and administrative expenses, transaction related expenses, management fees, performance participation allocation, and share class specific fees, but exclude the impact of early repurchase deductions on the repurchase of shares that have been outstanding for less than one year. Class T, Class S and Class D shares listed as (With Sales Load) reflect the returns after the maximum up-front selling commission and dealer manager fees. Class T, Class S and Class D shares listed as (No Sales Load) exclude up-front selling commissions and dealer manager fees. The inception date for Class E shares was May 14, 2021, Class I shares was May 21, 2021 and June 1, 2021 for the Class T, S, D shares. The returns have been prepared using unaudited data and valuations of the underlying investments in INREIT’s portfolio, which are estimates of fair value and form the basis for INREIT’s NAV. Valuations based upon unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value and may not accurately reflect the price at which assets could be liquidated. Returns less than one year are cumulative. For more information on fees and expenses, please see INREIT's Prospectus.

Summary Of Return By Share Class

As of {{asOfDate | date: 'MM/dd/yyyy' :'EST'}}
Class {{ activeShareClassType }} JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
{{ yearKey }} {{ getNavValue(returnsInYear, month) | percentage:fallback:decimalPlaces:returnsInYear:month}} {{ getYtd(returnsInYear) | percentage:fallback:decimalPlaces }}
  • Important Information

    Abstract and cityscape images are not INREIT owned properties and are for illustrative purposes only; such images are not representative of INREIT’s investments in a given property type and are not representative of INREIT’s current portfolio. Certain selected images of INREIT’s investments are provided for illustrative purposes only, are not representative of all INREIT’s investments of a given property type and are not representative of INREIT’s entire portfolio. It should not be assumed that INREIT’s investment in the properties identified and discussed herein were or will be profitable. For information on INREIT’s current portfolio, see the prospectus.

    1 Total asset value (“TAV”) is measured as (1) the asset value of real estate investments (based on fair value), excluding any third-party interests in such real estate investments, plus (2) the asset value of real estate-related securities measured at fair value, plus (3) any other current assets (such as cash or any other cash equivalents). TAV is not a measure under generally accepted accounting principles in the United States (“GAAP”), and the valuations of and certain adjustments made to our assets used in the calculation of total asset value will differ from GAAP. You should not consider TAV to be equivalent to GAAP total assets or any other GAAP measure. Total asset value is calculated as GAAP total assets excluding (1) third-party interests in total assets, (2) straight-line rent receivable, (3) below market leases and (4) certain other assets, plus (5) depreciation and amortization and (6) unrealized real estate appreciation.  For more information, please refer to our annual and quarterly reports filed with the SEC, which are available at https://www.invesco.com/inreit/news-and-filings. As of August 31, 2022, our TAV was approximately $1.1 billion and our GAAP total assets were $1.0 billion.

    2 NAV is calculated in accordance with the valuation guidelines approved by our board of directors. NAV is not a measure used under generally accepted accounting principles in the United States ("GAAP"), and the valuations of and certain adjustments made to our assets and liabilities used in the determination of NAV will differ from GAAP. You should not consider NAV to be equivalent to stockholders' equity or any other GAAP measure. As of August 31, 2022, our NAV per share was approximately $32.21, $32.22, $32.18, $32.29, and $33.52 per Class T, S, D, I and E share, respectively, and total stockholders' equity per share was $27.44, $27.41, $27.69, $30.58, and $26.97 per Class T, S, D, I and E share, respectively. For a full reconciliation of NAV to stockholders’ equity, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operation” section of our annual and quarterly reports filed with the SEC, which are available at https://www.invesco.com/inreit/news-and-filings. NAV based calculations involve significant professional judgment. The calculated value of INREIT's assets and liabilities may differ from its actual realizable value or future value which would affect the NAV as well as any returns derived from that NAV, and ultimately the value of your investment. As return information is calculated based on NAV, return information presented will be impacted should the assumptions on which NAV was determined prove to be different. For further information, please refer to the “Net Asset Value Calculation and Valuation Guidelines” section in the Prospectus which describe INREIT's valuation process and the independent third parties who assist INREIT.

    3 Reflects real estate investments only, including unconsolidated properties, and does not include real estate debt investments or other real estate-related securities investments.

    4 Reflects real estate investments only, including unconsolidated properties, and does not include real estate debt investments or other real estate-related securities investments. Occupancy measures the utilization of properties in the portfolio and is weighted by the total value of all real estate properties. For multifamily investments, occupancy represents the percentage of all leased units divided by the total unit count. For student housing investments, occupancy represents the percentage of all occupied beds divided by the total bed count. For healthcare, industrial, office, grocery-anchored retail, self-storage, and other investments, occupancy represents the percentage of all leased square footage divided by the total available square footage.

    5 Leverage ratio is measured by dividing (i) the sum of consolidated property-level debt, entity-level debt, and allocation of debt from Affiliated Funds (as defined in the Prospectus) in which INREIT may invest, net of cash and restricted cash, by (ii) the asset value of real estate investments and equity in INREIT's real estate-related securities portfolio (in each case measured using the greater of fair market value and cost of gross real estate), including the net investment in unconsolidated investments. The leverage ratio calculation does not include (i) indebtedness incurred in connection with funding a deposit in advance of the closing of an investment, (ii) indebtedness incurred as other working capital advances, (iii) indebtedness on INREIT's real estate securities investments, or (iv) the pro rata share of debt within INREIT's unconsolidated investments, and would be higher if such indebtedness was taken into account." INREIT’s charter prohibits it from borrowing more than 300% of net assets, which approximates borrowing 75% the cost of investments. The calculation used to ensure compliance with the charter limitation is distinct from the leverage ratio calculation shown here.

    6 Investment allocation is measured as the asset value of each investment category (real estate investments or real estate-related securities) against the total asset value of all investment categories, excluding the value of any third party interests in such assets. “Property Type” weighting is measured as the asset value of real estate investments for each sector category (Healthcare, Industrial, Office, Multifamily, Grocery-Anchored Retail, Self-Storage, Student Housing, Real Estate Preferred Equity, Other) against the total asset value of all real estate investments, excluding the value of any third party interests in such real estate investments. “Real estate investments” include INREIT's direct property investments, unconsolidated investments, and equity in public and private real estate-related companies. Totals may not sum to 100% due to rounding.

    7 Property type may include Healthcare, Industrial, Office, Multifamily, Grocery-Anchored Retail, Self-Storage, Student Housing, Real Estate Preferred Equity, and Other. The Other segment includes non-controlling interests in retail properties through our interest in ITP Investments LLC. Totals may not sum to 100% due to rounding. 

    8 Geography weighting is measured as the asset value of real estate properties and unconsolidated investments for each geographical category (West, South, East, Midwest) against the total asset value of all real estate investments.  Totals may not sum to 100% due to rounding.

  • Summary of Risk Factors

    Invesco Real Estate Income Trust Inc. (INREIT) is a non-listed REIT that invests in stabilized, income-oriented commercial real estate in the United States. To a lesser extent, INREIT also invests in real estate-related securities to provide current income and a source of liquidity for its share repurchase plan, cash management and other purposes. This investment involves a high degree of risk and is intended only for investors with a long-term investment horizon and who do not require immediate liquidity or guaranteed income. If INREIT is unable to effectively manage the impact of the risks inherent in its business, it may not meet its investment objectives. You should only invest in INREIT if you can afford a complete loss of your investment. You should read the Prospectus carefully for a description of the risks associated with an investment in INREIT. The principal risks relating to an investment in INREIT include, but are not limited to the following:

    • INREIT has a limited prior operating history, and there is no assurance that it will successfully achieve its investment objectives. 
    • INREIT has made limited investments to date and you will not have the opportunity to evaluate INREIT’s future investments before it makes them, which makes your investment more speculative. 
    • Since there is no public trading market for shares of INREIT’s common stock, repurchase of shares by INREIT will likely be the only way to dispose of your shares. INREIT’s share repurchase plan will provide stockholders with the opportunity to request that INREIT repurchases their shares on a monthly basis, but INREIT is not obligated to repurchase any shares and may choose to repurchase only some, or even none, of the shares that have been requested to be repurchased in any month. In addition, repurchases will be subject to available liquidity and other significant restrictions. Further, INREIT’s board of directors may make exceptions to, modify or suspend its share repurchase plan. As a result, INREIT’s shares should be considered as having only limited liquidity and at times may be illiquid. Your ability to have your shares repurchased through INREIT’s share repurchase plan is limited, and if you do sell your shares to INREIT, you may receive less than the price you paid.
    • INREIT cannot guarantee that it will make distributions, and if it does it may fund such distributions from sources other than cash flow from operations, including, without limitation, the sale of or repayments under INREIT’s assets, borrowings, or offering proceeds, and INREIT has no limits on the amounts it may pay from such sources.
    • The purchase price and repurchase price for shares of INREIT’s common stock will generally be based on the prior month’s NAV and will not be based on any public trading market. While there will be independent valuations of INREIT’s properties quarterly, the valuation of properties is inherently subjective, and INREIT’s NAV may not accurately reflect the actual price at which its properties could be liquidated on any given day. 
    • INREIT has no employees and is dependent on Invesco Advisers, Inc. (“Adviser”) to conduct its operations. The Adviser will face conflicts of interest as a result of, among other things, the allocation of investment opportunities among INREIT and Other Invesco Accounts (as defined in the Prospectus), the allocation of time of its investment professionals and the substantial fees that INREIT will pay to the Adviser.
    • INREIT is conducting a “best efforts” offering. If INREIT is not able to raise a substantial amount of capital on an ongoing basis, its ability to achieve its investment objectives could be adversely affected.
    • Principal and interest payments on any borrowings will reduce the amount of funds available for distribution or investment in additional real estate assets.
    • There are limitations on the ownership and transferability of INREIT’s shares. No person or group may directly or indirectly acquire or hold more than 9.9% of INREIT’s outstanding common stock in value or number of shares of all classes or series, whichever is more restrictive. An investment in INREIT is not a direct investment in real estate. See “Description of Capital Stock – Restrictions on Ownership and Transfer” in the prospectus for more information.
    • INREIT does not own the Invesco name, but is permitted to use it as part of INREIT’s corporate name pursuant to a trademark license agreement with an affiliate of Invesco. Use of the name by other parties or the termination of INREIT’s trademark license agreement may harm its business.
    • If INREIT fails to qualify as a REIT and no relief provisions apply, its NAV and cash available for distribution to its stockholders could materially decrease. 
    • Events or the conditions beyond INREIT’s control, including outbreaks of contagious disease such as the global pandemic of the novel coronavirus that causes the disease known as coronavirus disease 2019 (“COVID-19”), may have an adverse impact on INREIT’s NAV, results of operations and cash flows and INREIT’s ability to source investments, obtain financing, fund distributions and satisfy repurchase requests. 
    • Accurate valuations are more difficult to obtain in times of low transaction volumes due to fewer market transactions that can be considered in the context of the appraisal. There will be no retroactive adjustment in the valuation of assets, INREIT’s offering price of its common stock shares, the price INREIT paid to repurchase its common stock or NAV-based fees INREIT paid to the Adviser and the Dealer Manager to the extent valuations prove to not accurately reflect the realizable value of INREIT’s assets. The price you will pay for shares of INREIT’s common stock and the price at which shares may be repurchased will generally be based on the prior month’s NAV per share. As a result, you may pay more than realizable value or receive less than realizable value for your investment.


    Forward-Looking Statement Disclosure 

    The website contains forward-looking statements about INREIT’s business, including, in particular, statements about its plans, strategies and objectives. You can generally identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue” or other similar words. These statements include INREIT’s plans and objectives for future operations, including plans and objectives relating to future growth and availability of funds, and are based on current expectations that involve numerous risks and uncertainties. Assumptions relating to these statements involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to accurately predict and many of which are beyond INREIT’s control. Although INREIT believes the assumptions underlying the forward-looking statements, and the forward-looking statements themselves, are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that these forward-looking statements will prove to be accurate, and INREIT’s actual results, performance and achievements may be materially different from that expressed or implied by these forward-looking statements. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by INREIT or any other person that INREIT’s objectives and plans, which are considered to be reasonable, will be achieved. 

    Additional Important Information about INREIT

    An investment in INREIT is not a direct investment in real estate, and has material differences from a direct investment in real estate, including those related to fees and expenses, liquidity and tax treatment INREIT’s share price is subject to less volatility because its per share NAV is based on the value of real estate it owns and is not subject to market pricing forces as are the prices of public REITs. Although INREIT’s share price is subject to less volatility, INREIT shares are significantly less liquid than these asset classes and are not immune to fluctuation. Private real estate is not traded on an exchange and will have less liquidity and price transparency. The value of private real estate may fluctuate and may be worth less than was initially paid for it. 

    The volatility and risk profile of the indices presented is likely to be different from that of INREIT including those related to vehicle structure, investment objectives, costs and expenses, liquidity, safety, guarantees or insurance, fluctuation of principal or return and tax features. In addition, the indices employ different investment guidelines and criteria than INREIT; as a result, the holdings in INREIT may differ significantly from the holdings of the securities that comprise the indices. The indices are not subject to costs or expenses and it may not be possible to invest in the indices. The performance of the indices has been selected to represent an appropriate benchmark to compare to INREIT’s performance, but rather is disclosed to allow for comparison of INREIT’s performance to that of well-know and widely recognized indices. In the case of equity indices, performance of indices reflects the reinvestment of dividends. 

    INREIT does not trade on a national exchange, and therefore, is generally illiquid. Your ability to redeem shares in INREIT through INREIT’s repurchase plan is subject to significant limitations, and fees associated with the sale of these products can be higher than other asset classes. In some cases, periodic distributions may be subsidized by borrowed funds and include a return of investor principal. This is in contrast to distributions investors receive from large corporate stocks that trade on national exchanges, which are typically derived solely from earnings. Investors typically seek income from distributions over a period of 10 years. Upon liquidation, return of capital may be more or less than the original investment depending upon the value of assets. 

    An investment in INREIT is not an investment in fixed income. Fixed income has material differences from an investment in a non-listed traded REIT, including those related to vehicle structure, investment objectives and restrictions, risks, fluctuation of principal, safety, guarantees or insurance, fees and expenses, liquidity and tax treatment.

    Important Information About Other Invesco Real Estate Funds

    This website includes information related to prior investments Invesco Real Estate has made, in which INREIT will not have any interest. While the investment programs of other Invesco real estate accounts and INREIT’s investment strategy each involve real estate-related investments and overlapping personnel, each of the accounts and strategies has distinct investment activities, including but not limited to, objectives, costs and expenses, tax features and leverage policies. Invesco Real Estate’s experience in managing other Invesco real estate accounts and other Invesco accounts is not necessarily applicable to INREIT. There can be no assurance that INREIT will be able to successfully identify, make and realize any particular investment or generate returns for its investors.

IMPORTANT INFORMATION

Are you a resident of Ohio?
Are you a resident of New Jersey?
Are you a resident of Washington?

This site and the materials herein are directed only to certain types of investors and to persons in jurisdictions where Invesco Real Estate Income Trust Inc. (INREIT) is authorized for distribution.

Complete information about investing in shares of INREIT is available in the prospectus. An investment in INREIT involves risks.

Download Prospectus

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INDIVIDUAL INVESTORS

Please contact your financial professional to learn more about INREIT.

Financial Professional

Contact us to learn more about INREIT.

 

Contact Us:

National Wirehouse

(800) 998-4246

Independent and Broker Dealer

(800) 421-0807

Registered Investment Advisor (RIA)

(800) 421-4023

Bank and Trust

(800) 421-4023

Retirement

(800) 370-1519

Insurance/Third Party

(800) 410-4246