Invesco Real Estate Income Trust Updates NAV; Acquires Knightdale Marketplace

What Happened
Invesco Real Estate Income Trust Inc. filed an 8-K on Sept. 16, 2026 to provide an update on its net asset value (NAV) and recent asset activity. The Company reported total NAV of $663.1 million as of August 31, 2026 across 24,140,804 outstanding shares/units and posted NAV per share by class (updated monthly and used as the transaction price for Oct. 1, 2026). The Adviser and independent valuation advisors prepared appraisals and valuations for the Company’s real estate, loans and debt under board-approved valuation guidelines.

Key Details

• Total NAV: $663,101,000 as of August 31, 2026; outstanding shares/units: 24,140,804.
• NAV per share (selected classes): Class I $26.3155; Class N $27.8619; Class S $26.0842; Class T $26.1422.
• Portfolio and financing: 71 properties (~11.5 million sq. ft.) in 32 U.S. markets; weighted average occupancy 93%; leverage ratio 25%.
• Recent acquisition: On Sept. 10, 2026 the Company acquired 100% of Knightdale Marketplace (Raleigh, NC) for $87.2 million; the 323,113 sq. ft. retail property is 100% leased with ~7-year weighted average lease term.
• Liquidity and capital activity: Quarter-to-date through Aug. 31, 2026 the Company raised $79.2 million in registered and private offerings (including DST program and DRIP reinvestments); repurchase requests for July–August totaled $7.9 million and were fulfilled.
• Valuation inputs: Weighted average discount rates used in DCF valuations ranged roughly from 7.2% (healthcare) to 9.5% (manufactured housing); exit cap rates by property type were also disclosed (e.g., Office exit cap ~7.3%). Independent valuation advisor set and reviewed these assumptions.

Why It Matters
This filing gives investors the Company’s most recent NAV snapshot and shows the NAV-derived transaction price that will be used on Oct. 1, 2026. The acquisition of Knightdale Marketplace increases the Trust’s retail exposure and adds ~323k sq. ft. of fully leased space. The portfolio-level metrics (71 properties, 93% occupancy, 25% leverage) and recent capital raises/repurchases provide direct signals about asset scale, funding activity and liquidity management. Note that the Company’s NAV does not include discounts for illiquidity or likely exit costs, and the filing cautions NAV is not a guarantee of realizable market value.