Form 4: Invesco Entities Restructure Holdings in Invesco Real Estate Income Trust Through Share Class Exchange

Invesco Realty, Inc., Invesco Advisers, Inc., and Invesco Ltd. have reported an internal exchange of common stock classes in Invesco Real Estate Income Trust Inc. without cash consideration.

Summary

• Invesco Realty, Inc., Invesco Advisers, Inc., and Invesco Ltd. are reporting persons, all identified as Directors and 10% Owners of Invesco Real Estate Income Trust Inc.
• The transaction occurred on June 30, 2025, involving an exchange of various common stock classes.
• Invesco Realty, Inc. disposed 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, Invesco Realty, Inc. acquired 878,895.257 shares of Class S-PR Common Stock and 439,447.629 shares of Class K-PR Common Stock.
• No cash consideration was exchanged in this transaction.
• Following the transaction, Invesco Realty, Inc. beneficially owns 90.692 shares of Class T, Class S, and Class D Common Stock each, 0 shares of Class I Common Stock, 878,895.257 shares of Class S-PR Common Stock, and 439,447.629 shares of Class K-PR Common Stock.
• The reporting persons are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction involving an exchange of share classes without cash consideration, indicating a neutral impact on the company's immediate financial standing or operational outlook.

Positives

• The transaction represents a strategic restructuring of share class holdings by key related entities, potentially optimizing their investment structure within Invesco Real Estate Income Trust Inc.

Future Outlook

This Form 4 filing reports a past transaction and does not contain forward-looking statements or guidance regarding future performance or strategic direction.

Management Comments

• 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.
• The transaction 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.

Industry Context

This Form 4 filing details an internal restructuring of shareholdings by related Invesco entities within Invesco Real Estate Income Trust Inc. Such transactions are specific to the reporting company and its affiliates and do not typically reflect broader industry trends or competitive dynamics.

Related Party Transactions

• The transaction involves Invesco Realty, Inc., Invesco Advisers, Inc., and Invesco Ltd., which are all related entities, with Invesco Realty, Inc. being a wholly owned subsidiary of Invesco Advisers, Inc., which is an indirect wholly owned subsidiary of Invesco Ltd., the ultimate parent entity. The transaction is an exchange of shares between these related parties and Invesco Real Estate Income Trust Inc.

Stakeholder Impact

• Shareholders: The transaction primarily impacts the beneficial ownership structure of the reporting Invesco entities, potentially altering their voting power or economic interest across different share classes. It does not directly impact the total outstanding shares or the general public's shareholdings.

Key Dates

Keywords

Invesco, SEC Form 4, beneficial ownership, common stock, share exchange, insider transaction, Invesco Real Estate Income Trust Inc., Class T Common Stock, Class S Common Stock, Class D Common Stock, Class I Common Stock, Class S-PR Common Stock, Class K-PR Common Stock