Montea Comm. VA Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Income	165.07	163.26	171.53	118.54	204.51	227.69
Depreciation & Amortization	0.38	0.39	0.37	0.34	0.43	0.35
Gain (Loss) on Sale of Assets	-0.03	-	-	-	-0.02	-0.45
Gain (Loss) on Sale of Investments	0.7	0.7	-	-	-	-
Asset Writedown	-43.48	-52.66	-85.4	-11.87	-92.86	-175.39
Stock-Based Compensation	0.66	0.21	-2.94	0.52	-7.75	0.06
Income (Loss) on Equity Investments	-8.58	-5.91	-	-	-	-
Change in Accounts Receivable	-10.84	-12.14	-6.68	9.94	-9.88	-6.96
Change in Accounts Payable	-8.06	-2.24	16.18	-1.81	10.99	2.47
Other Operating Activities	21.87	27.62	22.63	-4	-20.79	25.34
Operating Cash Flow	118.35	119.88	115.67	111.97	84.46	73.52
Operating Cash Flow Growth	-8.16%	3.64%	3.30%	32.58%	14.88%	4.93%
Acquisition of Real Estate Assets	-175.57	-195.5	-417.78	-80.12	-291.83	-84.74
Sale of Real Estate Assets	6.35	5.9	-	-	0.05	15.4
Net Sale / Acq. of Real Estate Assets	-169.22	-189.59	-417.78	-80.12	-291.77	-69.35
Investment in Marketable & Equity Securities	-15.29	-84.22	-1.87	-6.22	-70.6	-81.65
Other Investing Activities	-	-	-	0	-	0.01
Investing Cash Flow	-184.51	-273.81	-419.65	-86.34	-362.37	-151
Long-Term Debt Issued	-	247.87	120.3	-	280.06	127.63
Long-Term Debt Repaid	-	-	-	-79.33	-	-
Net Debt Issued (Repaid)	168.17	247.87	120.3	-79.33	280.06	127.63
Issuance of Common Stock	19.03	19.03	205.78	145.22	120.21	16.23
Common Dividends Paid	-86.06	-86.06	-75.53	-59.23	-49.11	-45.31
Other Financing Activities	-32.21	-33.72	-21.03	-12.45	-20.66	-10.96
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	0
Net Cash Flow	2.77	-6.82	-74.47	19.84	52.59	10.12
Cash Interest Paid	33.72	33.72	21.03	12.45	20.66	10.96
Levered Free Cash Flow	49.23	57.02	55.89	61.36	38.87	40.75
Unlevered Free Cash Flow	65.66	72.89	67.52	73.08	50.08	47.93
Change in Working Capital	-18.9	-14.38	9.5	8.13	1.11	-4.49

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