Retail Estates Cash Flow Statement

Financials in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	106.7	122.97	180.62	131.84
Depreciation & Amortization	1.58	1.24	0.79	0.71
Other Amortization	0.17	0.17	0.17	0.15
Gain (Loss) on Sale of Assets	-0.39	0.4	-0.14	-0.33
Gain (Loss) on Sale of Investments	0.02	0.1	0.09	0.22
Asset Writedown	-27.83	-51.37	-55.92	-23.11
Change in Accounts Receivable	-1.24	-3.88	-9.81	4.63
Change in Accounts Payable	-3.01	-6.09	6.62	-6.57
Change in Other Net Operating Assets	0.67	0.64	12.14	-4.53
Other Operating Activities	13.07	16.49	-41.64	-33.16
Operating Cash Flow	95.46	75.86	93.69	81.17
Operating Cash Flow Growth	25.83%	-19.03%	15.43%	30.25%
Acquisition of Real Estate Assets	-31.06	-98.71	-79.2	-25.55
Sale of Real Estate Assets	7.78	12.26	9.54	37.83
Net Sale / Acq. of Real Estate Assets	-23.29	-86.46	-69.66	12.28
Investment in Marketable & Equity Securities	-	-2.63	-	-5.61
Other Investing Activities	0.01	0.13	2.67	-1.03
Investing Cash Flow	-24.01	-92.29	-69.56	2.97
Long-Term Debt Issued	142.35	223.25	197.2	113.8
Long-Term Debt Repaid	-165.43	-151.46	-222.09	-144.48
Net Debt Issued (Repaid)	-23.08	71.79	-24.89	-30.68
Issuance of Common Stock	19.74	16.9	55	-
Common Dividends Paid	-71.88	-69.02	-60.84	-57
Other Financing Activities	-0.4	-0.27	9.25	1.35
Net Cash Flow	-4.17	2.96	2.65	-2.2
Cash Interest Paid	19.16	22.22	16.89	17.63
Cash Income Tax Paid	2.45	1.59	-7.51	4.09
Levered Free Cash Flow	53.28	40.96	60.37	48.4
Unlevered Free Cash Flow	65.75	54.3	72.09	59.8
Change in Working Capital	0.9	-14.84	9.28	4.72