BKK: QHBREIT Cash Flow Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Net Income	45.35	66.39	267.44	191.81	750.75	897.48	Upgrade
Gain (Loss) on Sale of Investments	554.05	556.33	379.68	561.65	74.71	-35.37	Upgrade
Change in Accounts Receivable	3.63	-0.82	26.82	-6.88	-16.4	3.75	Upgrade
Change in Other Net Operating Assets	28.22	47.19	28.95	12.31	9.83	13.19	Upgrade
Other Operating Activities	17.4	41.58	-63.83	-151.51	55.52	-114.69	Upgrade
Operating Cash Flow	650.48	714.56	615.85	601.44	860.77	778.25	Upgrade
Operating Cash Flow Growth	1.95%	16.03%	2.40%	-30.13%	10.60%	9.50%	Upgrade
Long-Term Debt Repaid	-	-52.66	-43.48	-43.32	-43.32	-	Upgrade
Net Debt Issued (Repaid)	-60.65	-52.66	-43.48	-43.32	-43.32	-	Upgrade
Common Dividends Paid	-470.23	-615.28	-581.81	-655.93	-740.41	-736.43	Upgrade
Net Cash Flow	0.04	46.61	-9.44	-97.81	77.04	41.82	Upgrade
Levered Free Cash Flow	416.91	443.17	467.81	474.74	521.42	1,135	Upgrade
Unlevered Free Cash Flow	416.91	443.17	467.81	474.74	521.42	1,135	Upgrade
Change in Net Working Capital	5.38	-15.11	-28.93	22.76	33.27	-582.38	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.