Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 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 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 (City) (State) (Zip) 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) Code V Amount (A) or (D) Price 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities (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

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	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

Signatures

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

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(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.

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