Fri, May 9, 7:35 PM (3 days ago)
**BGO Industrial Real Estate Income Trust, Inc. (BGOI) - Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue & Profit Margins:** BGOI reported a net loss of $1.7 million for Q1 2025, compared to a net loss of $1.9 million in Q1 2024. The net loss attributable to stockholders was $5,612,000 and $6,210,000 for Q1 2025 and Q1 2024, respectively. - **Cash Flow:** Operating cash flow was $3.3 million for Q1 2025, primarily driven by cash distributions received from investments in unconsolidated real estate ventures. Financing activities used $3.6 million, mainly due to distributions to non-controlling interests. - **Earnings Changes:** Basic and diluted net loss per share was $0.25 for Q1 2025, compared to $0.29 in Q1 2024. **Key Metrics & Trends:** - **Investments:** BGOI's investment in unconsolidated real estate ventures was $200.1 million as of March 31, 2025, with a net loss from these ventures of $1.3 million for Q1 2025. - **Distributions:** BGOI declared distributions of $1.5 million for Q1 2025, with 99.8% distributable in cash. - **Liquidity & Capital Resources:** BGOI's primary needs for liquidity are to fund investments, make distributions, repurchase shares, and pay fees and expenses. The company has a share repurchase plan with limitations on the amount of funds used for repurchases. **Uncertainties & Future Operations:** - **Market Risks:** BGOI may be exposed to interest rate changes and market fluctuations in real estate financing, which could affect the availability and cost of funds needed to expand its investment portfolio. - **Share Repurchase Plan:** BGOI may not have sufficient liquid resources to fund repurchase requests due to the illiquid nature of investments in real estate. - **REIT Qualification:** BGOI must distribute at least 90% of its REIT taxable income to maintain its qualification as a REIT. Failure to meet these requirements could result in federal income tax on taxable income at regular corporate rates. **Ticker:** BGOI