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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	157.76	176.83	-26.87	200.74	104.69	76.91
Depreciation & Amortization	2.09	1.97	1.7	1.86	1.97	1.97
Gain (Loss) on Sale of Assets	-	-	-	1.5	1.53	-
Asset Writedown	-124.1	-109.13	90.18	14.13	8.75	105.4
Stock-Based Compensation	2.01	1.29	0.67	-0.07	0.09	-1
Income (Loss) on Equity Investments	2.8	-10.86	-4.84	-18.17	-5.97	-10.67
Change in Accounts Receivable	3.97	5.27	-0.8	-2.66	5.01	-9.35
Change in Other Net Operating Assets	-7.95	-11.2	15.82	-1.26	-2.94	2.43
Other Operating Activities	73.35	47.94	41.14	-87.59	-16.65	-67.67
Operating Cash Flow	109.93	102.1	117.01	108.47	96.47	98.01
Operating Cash Flow Growth	10.98%	-12.73%	7.87%	12.45%	-1.58%	28.27%
Acquisition of Real Estate Assets	-30.19	-38.98	-28.73	-25.74	-26.22	-76.56
Sale of Real Estate Assets	-	-	-	101	92.9	132.67
Net Sale / Acq. of Real Estate Assets	-30.19	-38.98	-28.73	75.26	66.68	56.1
Cash Acquisition	-	-	-69.6	-	-42.24	-
Investment in Marketable & Equity Securities	13.63	-	-0.34	-0.11	-0.35	37.57
Other Investing Activities	-	8	-	7	-9.9	4.6
Investing Cash Flow	-16.56	-30.98	-98.67	82.15	14.19	98.27
Long-Term Debt Issued	-	339.56	381.88	145.22	238.29	-
Total Debt Issued	490.4	339.56	381.88	145.22	238.29	180.73
Long-Term Debt Repaid	-	-327.52	-350.36	-246.51	-328.84	-
Total Debt Repaid	-511.14	-327.52	-350.36	-246.51	-328.84	-306.73
Net Debt Issued (Repaid)	-20.74	12.04	31.52	-101.29	-90.55	-126
Repurchase of Common Stock	-0.25	-15.98	-	-	-	-11.15
Common Dividends Paid	-71.13	-71.04	-74.17	-78.22	-24.71	-62.47
Other Financing Activities	-	-	-	-	-	-0.24
Foreign Exchange Rate Adjustments	-0.12	-0.71	-0.48	-1.42	-0.22	0.4
Net Cash Flow	1.13	-4.55	-24.79	9.69	-4.82	-3.18
Cash Interest Paid	52.55	51.47	41.99	34.4	35.14	39.57
Cash Income Tax Paid	16.41	3.11	12.22	9.12	13.34	1.5
Levered Free Cash Flow	57.49	39.42	39.87	182.76	42.23	-
Unlevered Free Cash Flow	103.19	85.15	93.91	120.53	42.9	-
Change in Working Capital	-3.98	-5.93	15.02	-3.92	2.07	-6.93

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.