Trade Estates REIC Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Property, Plant & Equipment	605.13	525.87	492.77	304.23	225.33
Cash & Equivalents	24.86	26.88	19.08	14.52	11.09
Accounts Receivable	2.34	4.56	4.92	1.74	0.69
Other Receivables	18.42	13.56	3.91	1.66	0.34
Investment In Debt and Equity Securities	5.56	13.01	17.59	7.3	-
Other Intangible Assets	0.24	0.19	0.16	0.07	0.04
Trading Asset Securities	-	-	-	2	-
Other Long-Term Assets	4.42	21.01	5.4	12.8	10.52
Total Assets	660.97	605.08	543.83	344.32	248.01
Current Portion of Long-Term Debt	8.57	7.34	3.43	2.03	2.7
Current Portion of Leases	0.88	0.66	0.54	0.51	0.47
Long-Term Debt	256.98	245.08	173.52	111.28	11.18
Long-Term Leases	13.65	14.18	14.01	14.45	15.2
Accounts Payable	3.92	4.38	2.93	0.92	0.25
Accrued Expenses	3.64	3.17	3.22	2.05	0.75
Current Income Taxes Payable	0.87	1.35	0.82	0.19	0.24
Other Current Liabilities	7.96	0.54	0.53	0.11	2.55
Long-Term Unearned Revenue	4.11	3.57	2.36	-	-
Long-Term Deferred Tax Liabilities	1.96	1.51	1.16	0.7	0.07
Other Long-Term Liabilities	4.77	2.94	2.75	1.16	1.23
Total Liabilities	320.97	293.19	245.42	133.42	63.16
Common Stock	193.81	192.85	192.85	138.82	173.53
Additional Paid-In Capital	7.08	7.1	7.11	-	-
Retained Earnings	101.68	74.77	60.31	30.07	11.28
Treasury Stock	-0.3	-	-	-	-
Comprehensive Income & Other	37.73	37.17	38.15	42	0.04
Shareholders' Equity	340	311.89	298.41	210.89	184.85
Total Liabilities & Equity	660.97	605.08	543.83	344.32	248.01
Total Debt	293.64	275.65	231.61	128.27	58.05
Net Cash (Debt)	-268.78	-248.77	-212.53	-111.74	-46.96
Net Cash Per Share	-2.23	-2.06	-2.27	-1.29	-0.54
Filing Date Shares Outstanding	120.96	120.53	120.53	86.76	86.76
Total Common Shares Outstanding	120.96	120.53	120.53	86.76	86.76
Book Value Per Share	2.81	2.59	2.48	2.43	2.13
Tangible Book Value	339.76	311.69	298.25	210.83	184.82
Tangible Book Value Per Share	2.81	2.59	2.47	2.43	2.13
Buildings	102.86	49.69	47.46	37.96	0
Construction In Progress	-	-	-	-	0.03

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