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Consolidated Statements of Assets and Liabilities

In millions of USD; shares in millions, except per-share amounts
Q4 FY2025
As of Mar 31, 2025
Q3 FY2025
As of Dec 31, 2024
Q2 FY2025
As of Sep 30, 2024
Q1 FY2025
As of Jun 30, 2024
Q4 FY2024
As of Mar 31, 2024
Q3 FY2024
As of Dec 31, 2023
Q2 FY2024
As of Sep 30, 2023
Q1 FY2024
As of Jun 30, 2023
Q4 FY2023
As of Mar 31, 2023
Q3 FY2023
As of Dec 31, 2022
ASSETS
Investments, at fair value
Non-Control/Non-Affiliate Investments
Non-Control/Affiliate Investments
Control Investments
Short-Term Investments
Total investments, at fair value
Affiliate Investments, at fair value (cost $9,450,000 and $0, respectively)
Control Investments, at fair value (cost $3,500,000 and $0, respectively)
Non-Control/Affiliate Investments, at fair value (cost $11,950,000 and $9,450,000, respectively)
Control Investments, at fair value (cost $9,409,440 and $5,500,000, respectively)
Short-Term Investments, at fair value (cost $7,890,253 and $3,326,294, respectively)
Total Investments, at fair value (cost $38,749,693 and $27,776,294, respectively)
Prepaid investment
Cash
Receivable for Shares sold
Receivable from Adviser for reimbursement of organizational expense and offering costs
Deferred offering costs
Other assets
TOTAL ASSETS
LIABILITIES
Payable to Adviser
Incentive fee payable
Professional fees payable
Directors and officers expense payable
Fee income received in advance
Distributions received in advance
Other payables
TOTAL LIABILITIES
TOTAL NET ASSETS
TOTAL NET ASSETS OF WELLINGS REAL ESTATE INCOME FUND
Non-controlling interest in Wellings Altus PE Member I, LLC
Wellings Altus PE
Wellings Icarus PE
Total non-controlling interest in Wellings Altus PE Member I, LLC
TOTAL NET ASSETS
SHARES ISSUED AND OUTSTANDING (Unlimited number of Shares authorized) (in Shares)
NET ASSET VALUE PER SHARE (in Dollars per share)
NET ASSETS CONSIST OF:
Paid-in capital
Accumulated distributable gain

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