Eurocommercial Properties Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	126.7	124.37	176.83	-26.87	200.74	104.69
Depreciation & Amortization	2.11	2.15	1.97	1.7	1.86	1.97
Gain (Loss) on Sale of Assets	-	-	-	-	1.5	1.53
Asset Writedown	-68.49	-68.49	-109.13	90.18	14.13	8.75
Stock-Based Compensation	2.36	2.09	1.29	0.67	-0.07	0.09
Income (Loss) on Equity Investments	-9.56	-9.78	-10.86	-4.84	-18.17	-5.97
Change in Accounts Receivable	-7.31	-1.35	5.27	-0.8	-2.66	5.01
Change in Other Net Operating Assets	6.3	2.02	-11.2	15.82	-1.26	-2.94
Other Operating Activities	58.7	68.24	47.94	41.14	-87.59	-16.65
Operating Cash Flow	110.81	119.25	102.1	117.01	108.47	96.47
Operating Cash Flow Growth	2.14%	16.79%	-12.73%	7.87%	12.45%	-1.58%
Acquisition of Real Estate Assets	-38.08	-36.77	-38.98	-28.73	-25.74	-26.22
Sale of Real Estate Assets	-	-	-	-	101	92.9
Net Sale / Acq. of Real Estate Assets	-38.08	-36.77	-38.98	-28.73	75.26	66.68
Cash Acquisition	-	-	-	-69.6	-	-42.24
Investment in Marketable & Equity Securities	13.27	13.27	-	-0.34	-0.11	-0.35
Other Investing Activities	-	-	8	-	7	-9.9
Investing Cash Flow	-24.81	-23.5	-30.98	-98.67	82.15	14.19
Long-Term Debt Issued	-	422.49	339.56	381.88	145.22	238.29
Total Debt Issued	775.05	422.49	339.56	381.88	145.22	238.29
Long-Term Debt Repaid	-	-415.32	-327.52	-350.36	-246.51	-328.84
Total Debt Repaid	-737.06	-415.32	-327.52	-350.36	-246.51	-328.84
Net Debt Issued (Repaid)	37.99	7.17	12.04	31.52	-101.29	-90.55
Repurchase of Common Stock	-0.49	-0.49	-15.98	-	-	-
Common Dividends Paid	-74.64	-71.13	-71.04	-74.17	-78.22	-24.71
Foreign Exchange Rate Adjustments	-0.73	0.31	-0.71	-0.48	-1.42	-0.22
Net Cash Flow	48.13	31.61	-4.55	-24.79	9.69	-4.82
Cash Interest Paid	50.26	49.56	51.47	41.99	34.4	35.14
Cash Income Tax Paid	15.77	16.17	3.11	12.22	9.12	13.34
Levered Free Cash Flow	70.25	73.04	39.19	39.87	182.76	42.23
Unlevered Free Cash Flow	98.95	101.34	84.92	93.91	120.53	42.9
Change in Working Capital	-1.01	0.67	-5.93	15.02	-3.92	2.07

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.