Invesco Real Estate Income Trust earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026
Q2 2026 Revenue up 59% year over year to $24.9M · 1¢ of every $1 of revenue kept as net profit · operating margin 14.8%
Invesco Real Estate Income Trust made $24.9M in Q2 2026 (+59% Y/Y). Operating margin 14.8%, net earnings $274K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
Revenue$24.9M
Year over year+59%
Operating margin14.8%
Net earnings$274K
Operating cash flow$11.5M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $24.9M in Q2 2026, up 59% year over year and down 2% from the previous quarter.
Operating profit was $3.7M, a 14.8% margin (up 23.4 points year over year). Total costs grew 25% against revenue growth of 59%. The fastest-growing cost line was Other operating costs (+34%). Net earnings were −$2.3M. The effective tax rate was -5.0%.
Operating cash flow was $11.5M (up 307% year over year), 4188% of net income including minority interests. Non-cash charges added back $9.6M of depreciation and amortization and $80K of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $1.2M left free cash flow of $10.2M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q2 2026
10-Q
Aug 10, 2026
$24.9M
+59%
14.8%
$274K
$11.5M
Q1 2026
10-Q
May 11, 2026
$25.4M
+53%
16.8%
$56K
$15.5M
Q4 2025
10-K
Mar 26, 2026
$21.4M
+27%
5.5%
−$926K
$7.6M
Q3 2025
10-Q
Nov 7, 2025
$17.3M
+5%
7.7%
−$1.0M
$13.2M
Q2 2025
10-Q
Aug 8, 2025
$15.6M
-4%
-8.6%
−$3.8M
$2.8M
Q1 2025
10-Q
May 12, 2025
$16.6M
+1%
6.7%
−$2.3M
$4.6M
Q4 2024
10-K
Mar 24, 2025
$16.8M
-2%
0.5%
$30.9M
$4.4M
Charts
Latest (Q2 2026): Y/Y +59%, Q/Q -2%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q2 2026): Net income $274K, Operating cash flow $11.5M.+3891.0% since FY2020: more shares outstanding (issuance, stock pay).Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
IVZ · Stated in 10-K (named, share not stated) · source
About Invesco Real Estate Income Trust
References herein to “Invesco Real Estate Income Trust,” the “Company,” “INREIT,” “we,” “us,” or “our” refer to Invesco Real Estate Income Trust Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise. We are a Maryland corporation focused on investing in stabilized, income-oriented commercial real estate in the United States. To a lesser extent, we also originate, acquire and manage private real estate debt and invest in real estate-related securities. We own, and expect to continue to own, all or substantially all of our assets through Invesco REIT Operating Partnership L.P. (the “Operating Partnership” or “INREIT OP”), of which we are the sole general partner.
In its own words, from its 10-K, filed Mar 26, 2026.
Invesco Real Estate Income Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +59% against the peers' median +14%. Operating margin: 14.8% against the peers' median 15.9%.