Trade Estates REIC (ATH:TRESTATES)

Trade Estates REIC Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	39.91	24.04	37.71	24.01	15.6
Depreciation & Amortization	0.6	0.44	0.25	0.18	0.03
Other Amortization	0.05	0.05	0.03	0.01	0
Asset Writedown	-18.32	-10.95	-30.24	-13.58	-6.07
Income (Loss) on Equity Investments	-0.93	-	-	-	-
Change in Accounts Receivable	0.89	6.54	-1.44	-2.65	-0.56
Change in Other Net Operating Assets	0.19	0.1	1.14	0.47	0.71
Other Operating Activities	3.42	2.6	2.49	-0.54	0.6
Operating Cash Flow	25.8	22.82	9.94	7.91	10.31
Operating Cash Flow Growth	13.09%	129.64%	25.63%	-23.32%	-
Acquisition of Real Estate Assets	-3.47	-32.4	-24.85	-6.56	-7.49
Net Sale / Acq. of Real Estate Assets	-3.47	-32.4	-24.85	-6.56	-7.49
Cash Acquisition	-11.49	0.34	-99.81	-37.58	-34.75
Investment in Marketable & Equity Securities	2.35	-5.4	-1.36	-3.04	-14.03
Other Investing Activities	-19.76	-7.89	-0.63	-2.25	0
Investing Cash Flow	-32.38	-45.35	-126.65	-49.43	-56.27
Long-Term Debt Issued	41.34	180.83	139.79	146.37	-
Total Debt Issued	41.34	180.83	139.79	146.37	57
Long-Term Debt Repaid	-24.43	-140.84	-62.41	-96.18	-
Total Debt Repaid	-24.43	-140.84	-62.41	-96.18	-2.84
Net Debt Issued (Repaid)	16.91	39.99	77.39	50.19	54.16
Issuance of Common Stock	-	-	55.89	-	0.01
Repurchase of Common Stock	-0.3	-	-	-	-
Common Dividends Paid	-12.05	-9.64	-7.47	-5.21	-
Other Financing Activities	-0.01	-0.01	-4.53	-0.02	13.96
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	-2.03	7.8	4.56	3.44	22.18
Cash Interest Paid	10.08	13.39	7.92	3.87	1.02
Cash Income Tax Paid	2.76	2.81	1.27	0.81	0.66
Levered Free Cash Flow	15.48	0.99	6.16	4.73	-
Unlevered Free Cash Flow	23.84	11.16	10.67	6.93	-
Change in Working Capital	1.08	6.64	-0.3	-2.18	0.15

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