Mon, Jun 30, 10:03 AM (14 days ago)
### Summary of Financial Performance **Wellings Real Estate Income Fund (WREIF) - Ticker: WREIF** **Revenue:** - **2025:** $5,680,732 - **2024:** $3,519,865 - **2023:** $330,894 **Net Income:** - **2025:** $2,861,194 - **2024:** $1,211,588 - **2023:** $(504,375) **Earnings per Share (EPS):** - **2025:** $89.27 - **2024:** $88.08 - **2023:** $(22.05) **Strategic Overview:** - **Investment Focus:** The Fund invests in commercial real estate assets, including manufactured housing communities, self-storage facilities, industrial real estate, recreational vehicle parks, and multifamily residences. - **Investment Strategy:** The Fund aims to achieve its investment objectives by investing at least 80% of its net assets in a portfolio of real estate and real estate-related investments. **Future Outlook:** - **Distributions:** The Fund expects to make monthly distributions to its shareholders out of assets legally available for distribution, targeting annual distributions of 5-8% of net assets. - **Growth:** The Fund intends to continue investing available capital in accordance with its investment strategy, focusing on recession-resistant real estate assets. **Risk Factors:** - **Market Risks:** The Fund is exposed to market risks, including changes in interest rates, economic conditions, and competition. - **Operational Risks:** The Fund faces risks related to its investments, including the performance of portfolio companies and the ability to achieve targeted returns. - **Regulatory Risks:** The Fund is subject to regulatory requirements and restrictions, which could impact its operations and investment strategy. **Financial Condition:** - **Liquidity:** As of March 31, 2025, the Fund had short-term investments of $18.4 million available for investing and general corporate purposes. - **Capital Resources:** The Fund believes it has adequate capital resources to meet its liquidity needs and continue to make opportunistic investments. **Market Position Changes:** - **Share Price:** The net asset value per share as of March 31, 2025, was $1,053.01, up from $1,024.87 in 2024. - **Shareholder Base:** The Fund has seen growth in its shareholder base, with an increase in the number of shares outstanding from 57,585 in 2024 to 78,500 in 2025. **Amendment Information:** - **Changes:** The Fund has not made any significant amendments to its financial statements or regulatory filings in the recent period. However, it has renewed its Investment Advisory Agreement and approved the withdrawal of its election to be treated as a Business Development Company (BDC). **Summary:** Wellings Real Estate Income Fund has shown strong financial performance with increasing revenue and net income over the past three years. The Fund's strategic focus on commercial real estate assets and its disciplined investment approach have contributed to its growth and stability. The Fund's future outlook remains positive, with plans to continue making distributions and investing in recession-resistant real estate assets. However, the Fund faces various risks, including market, operational, and regulatory risks, which could impact its financial condition and market position. Overall, the Fund's financial condition is robust, with adequate liquidity and capital resources to support its investment strategy and growth objectives.