BGO Industrial Real Estate Income Trust, Inc.

CIK:0001942722|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Expenses
General and administrative	$ 2,106,634	$ 2,954,234
Total expenses	2,106,634	2,954,234
Other income (expense)
Income (loss) from unconsolidated real estate ventures	(2,497,452)	(2,300,196)
Total other income (expense)	(2,497,452)	(2,300,196)
Net loss	(4,604,086)	(5,254,430)
Net loss attributable to non-controlling interest in consolidated real estate venture	1,272,006	1,179,162
Net loss attributable to non-controlling interest in Operating Partnership	3,310,866	4,052,972
Net income (loss) attributable to stockholders	$ (21,214)	$ (22,296)
Net income (loss) per share of common stock, basic	$ (0.92)	$ (1.02)
Net income (loss) per share of common stock, diluted	$ (0.92)	$ (1.02)
Weighted-average shares of common stock outstanding - basic (in shares)	22,981	21,925
Weighted-average shares of common stock outstanding - diluted (in shares)	22,981	21,925

Consolidated Statement of Cash Flows (Unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
CASH FLOWS USED IN OPERATING ACTIVITIES
Net loss	$ (4,604,086)	$ (5,254,430)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Cash distributions received from investment in unconsolidated real estate ventures	13,800,000	13,800,000
Net loss from unconsolidated real estate venture	2,497,452	2,300,196
Amortization of restricted stock grants	22,577	276,449
Change in assets and liabilities
Increase in due to affiliates	158,924	1,675,241
Increase in accounts payable, accrued liabilities & other liabilities	(243,805)	939,349
Net cash provided by (used in) operating activities	11,631,062	13,736,805
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock		20,000
Proceeds from issuance of preferred stock		125,000
Offering costs paid		(19,010)
Distributions to non-controlling interest in consolidated joint ventures	(5,900,609)	(7,902,172)
Distributions to non-controlling interests in Operating Partnership	(6,081,400)	(3,806,400)
Net cash (used in) provided by financing activities	(11,982,009)	(11,582,582)
Net change in cash and cash equivalents	(350,947)	2,154,223
Cash and cash equivalents, beginning of period	9,070,558	6,916,335
Cash and cash equivalents, end of period	8,719,611	9,070,558
Non-cash investing and financing activities:
Accrued offering costs due to affiliates	$ (250,000)	$ 504,525

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Investment in unconsolidated real estate ventures	$ 188,553,794	$ 204,851,246
Cash and cash equivalents	8,719,611	9,070,558
Total assets	197,273,405	213,921,804
LIABILITIES AND EQUITY
Due to affiliates	$ 10,943,436	11,034,512
Due to affiliates, extensible enumeration	srt:AffiliatedEntityMember
Accounts payable, accrued expenses and other liabilities	$ 1,027,116	1,270,822
Total liabilities	11,970,552	12,305,334
Non-controlling interest in consolidated real estate venture	82,588,753	89,761,368
Equity
Preferred stock, $0.01 par value per share; 100,000,000 shares authorized; 125 and no shares issued and outstanding as of September 30, 2025 and December 31, 2023, respectively	1	1
Additional paid-in capital	853,649	819,979
Accumulated deficit and cumulative distributions	(66,925)	(34,960)
Total stockholder's equity	786,959	785,245
Non-controlling interest attributable to Operating Partnership unit holders	101,927,141	111,069,857
Total equity	102,714,100	111,855,102
Total liabilities and equity	197,273,405	213,921,804
Class T common stock
Equity
Common stock	5	5
Class S common stock
Equity
Common stock	5	5
Class D common stock
Equity
Common stock	5	5
Class I common stock
Equity
Common stock	5	5
Class E Common stock
Equity
Common stock	$ 214	$ 205