Invesco Advisers, Inc. Form 4 Filed 2025-07-02

FORM 4

☐	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Invesco Realty, Inc.

2. Issuer Name and Ticker or Trading Symbol
Invesco Real Estate Income Trust Inc. [NONE]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

1331 SPRING STREET, NW, SUITE 2500

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

(Street)

ATLANTA, GA 30309

(City)

(State)

(Zip)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check applicable line)

______ Form Filed by One Reporting Person
__X__ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class T Common Stock, par value $.01 per share	06/30/2025		D		351,765.527⁽¹⁾⁽²⁾	D	$26.1518	90.692	D
Class S Common Stock, par value $.01 per share	06/30/2025		D		351,765.527⁽¹⁾⁽²⁾	D	$26.2134	90.692	D
Class D Common Stock, par value $.01 per shar	06/30/2025		D		351,765.527⁽¹⁾⁽²⁾	D	$26.1707	90.692	D
Class S-PR Common Stock, $0.01 par value	06/30/2025		A		878,895.257⁽¹⁾⁽²⁾	A	$27.1675	878,895.257	D
Class K-PR Common Stock, $0.01 par value	06/30/2025		A		439,447.629⁽¹⁾⁽²⁾	A	$27.1675	439,447.629	D
Class I Common Stock, par value $.01 per shar	06/30/2025		D		311,283.091⁽¹⁾⁽²⁾	D	$26.31	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Invesco Realty, Inc. 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
Invesco Advisers, Inc. 1331 SPRING STREET NW, SUITE 2500 ATLANTA, GA 30309	X
Invesco Ltd. 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X

Explanation of Responses:

1.	These shares are held directly by Invesco Realty, Inc. ("IRI"), which is a wholly owned subsidiary of Invesco Advisers, Inc., which is a wholly owned indirect subsidiary of Invesco Ltd., the ultimate parent entity. The Reporting Persons are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
2.	Reflects IRI's disposition of 351,765.527 shares of Class T Common Stock, 351,765.527 Shares of Class S Common Stock, 351,765.527 shares of Class D Common Stock and 311,283.091 shares of Class I Common Stock in exchange for 439,447.629 shares of Class K-PR Common Stock and 878,895.257 shares of Class S-PR Common Stock. No cash consideration was exchanged.

	Signatures
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Realty, Inc.	07/02/2025
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Advisers, Inc	07/02/2025
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Ltd.	07/02/2025
	** Signature of Reporting Person	Date
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