Invesco Commercial Real Estate Finance Trust Total NAV Up Nearly 4.2%
Invesco Commercial Real Estate Finance Trust Inc., or INCREF, a perpetual life real estate investment trust focused on private credit secured by real estate, announced that its aggregate net asset value increased in value by nearly 4.2% month-over-month. The total NAV was approximately $921.1 million at the close of August 2025 and $884.1 million at the close of July 2025.
The monthly NAV per share for its classes of common stock, as of Aug. 31, 2025, was as follows.
Class S shares had a NAV per share of $24.9617, compared to $24.9843 the previous month, a decrease of 0.09%.
Class S-1 shares had a NAV per share of $25.063, compared to $25.0819 the previous month, a decrease of approximately 0.08%.
Class D shares had a NAV per share of $24.9413, compared to $24.964 the previous month, a decrease of 0.09%.
Class I shares had a NAV per share of $25.0272, compared to $25.0477 the previous month, a decrease of 0.08%.
Class E shares had a NAV per share of $25.6253, compared to $25.6063 the previous month, an increase of approximately 0.07%.
Class F shares had a NAV per share of $25.7871, compared to $25.7725 the previous month, an increase of approximately 0.06%.
The REIT had approximately 36.49 million shares outstanding at the end of August.
As of the end of August, INCREF’s commercial real estate loan portfolio had a fair value of $3.7 billion and outstanding principal balance of $3.7 billion.
In August 2025, the REIT closed on two loan originations, including a $47.9 million whole loan secured by a multifamily property in Raleigh, N.C., and a $24.2 million whole loan secured by a multifamily property in Mountlake Terrace, Wash.
In the previous month, the company closed on three loan originations including a $6.8 million whole loan secured by a self-storage property in Tacoma, Wash., a $80.2 million whole loan secured by a nine-building industrial portfolio in Orlando, Fla., and a $50.6 million whole loan secured by an industrial property in Northern Italy.
Earlier this year, AltsWire reported that the REIT had closed its inaugural $1.2 billion managed commercial real estate collateralized loan obligation. The CLO, structured by Morgan Stanley with bookrunning support from Barclays, Citigroup, and Wells Fargo, is secured by a portfolio consisting of approximately 55% multifamily and 45% industrial loans.
Invesco Commercial Real Estate Finance Trust is a monthly net asset value non- listed real estate investment trust that originates, acquires, and manages a portfolio of loans secured by commercial real estate (and similar investments) primarily located in North America. It is managed by Invesco Advisers Inc., a subsidiary of Invesco Ltd. and the registered investment adviser for Invesco Real Estate, the real estate investment center of Invesco Ltd.
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