Trade Estates REIC Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	534.92	525.87	492.77	304.23	225.33
Cash & Equivalents	24.93	26.88	19.08	14.52	11.09
Accounts Receivable	1.96	4.56	4.92	1.74	0.69
Other Receivables	10.26	13.56	3.91	1.66	0.34
Investment In Debt and Equity Securities	23.59	13.01	17.59	7.3	-
Other Intangible Assets	0.17	0.19	0.16	0.07	0.04
Trading Asset Securities	-	-	-	2	-
Other Long-Term Assets	15.94	21.01	5.4	12.8	10.52
Total Assets	611.77	605.08	543.83	344.32	248.01
Current Portion of Long-Term Debt	10.67	7.34	3.43	2.03	2.7
Current Portion of Leases	0.81	0.66	0.54	0.51	0.47
Long-Term Debt	247.14	245.08	173.52	111.28	11.18
Long-Term Leases	14.05	14.18	14.01	14.45	15.2
Accounts Payable	6.88	4.38	2.93	0.92	0.25
Accrued Expenses	-	3.17	3.22	2.05	0.75
Current Income Taxes Payable	0.72	1.35	0.82	0.19	0.24
Other Current Liabilities	-	0.54	0.53	0.11	2.55
Long-Term Unearned Revenue	-	3.57	2.36	-	-
Long-Term Deferred Tax Liabilities	1.64	1.51	1.16	0.7	0.07
Other Long-Term Liabilities	8.11	2.94	2.75	1.16	1.23
Total Liabilities	298.39	293.19	245.42	133.42	63.16
Common Stock	192.85	192.85	192.85	138.82	173.53
Additional Paid-In Capital	7.1	7.1	7.11	-	-
Retained Earnings	71.39	74.77	60.31	30.07	11.28
Comprehensive Income & Other	42.05	37.17	38.15	42	0.04
Shareholders' Equity	313.38	311.89	298.41	210.89	184.85
Total Liabilities & Equity	611.77	605.08	543.83	344.32	248.01
Total Debt	280.97	275.65	231.61	128.27	58.05
Net Cash (Debt)	-256.04	-248.77	-212.53	-111.74	-46.96
Net Cash Per Share	-2.12	-2.06	-2.27	-1.29	-0.54
Filing Date Shares Outstanding	120.53	120.53	120.53	86.76	86.76
Total Common Shares Outstanding	120.53	120.53	120.53	86.76	86.76
Book Value Per Share	2.60	2.59	2.48	2.43	2.13
Tangible Book Value	313.21	311.69	298.25	210.83	184.82
Tangible Book Value Per Share	2.60	2.59	2.47	2.43	2.13
Buildings	50.37	49.69	47.46	37.96	0
Construction In Progress	-	-	-	-	0.03

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