Form 4: Invesco Advisers and Invesco Ltd. Report Changes in Beneficial Ownership of Invesco Real Estate Income Trust

Invesco Advisers, Inc. and Invesco Ltd. reported changes in their holdings of Invesco Real Estate Income Trust Class E Common Stock, including a repurchase and acquisition of shares.

Summary

• Invesco Advisers, Inc. (IAI), a wholly-owned indirect subsidiary of Invesco Ltd., repurchased 4,618 shares of Class E Common Stock at $28.443 per share on December 31, 2024.
• IAI acquired 6,050 shares of Class E Common Stock at $28.443 per share on January 1, 2025, as payment of its management fee.
• Following these transactions, IAI's direct holdings increased from 84,413 to 90,463 shares.
• Both Invesco Advisers, Inc. and Invesco Ltd. are considered directors by deputization for the purposes of Section 16 of the Securities Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The document reflects routine transactions and does not indicate any significant positive or negative sentiment. The transactions are expected and part of normal business operations.

Positives

• The acquisition of shares as payment of management fees indicates a continued alignment of interests between the manager and the trust.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership, which is common for investment management firms and their related entities. It reflects the ongoing management of the Invesco Real Estate Income Trust.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by directors, officers, and significant shareholders in publicly traded companies.
• The transactions reported are typical for management companies that receive fees in the form of equity.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they reflect the alignment of interests between the manager and the trust.

Key Dates

Keywords

Invesco, Real Estate Income Trust, Class E Common Stock, Beneficial Ownership, Share Repurchase, Management Fee, SEC Form 4