Retail Estates N.V. (EBR:RET)

Retail Estates Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	146.56	122.95	106.7	122.97	180.62	131.84
Depreciation & Amortization	1.64	1.59	1.58	1.24	0.79	0.71
Other Amortization	-	-	-	0.17	0.17	0.15
Gain (Loss) on Sale of Assets	-1.59	-1.3	-0.39	0.4	-0.14	-0.33
Gain (Loss) on Sale of Investments	-23.6	-3.77	13.07	0.1	0.09	0.22
Asset Writedown	-27.62	-25.88	-29.4	-51.37	-55.92	-23.11
Income (Loss) on Equity Investments	0.01	0.03	0.08	-	-	-
Change in Accounts Receivable	-	-	-	-3.88	-9.81	4.63
Change in Accounts Payable	-	-	-	-6.09	6.62	-6.57
Change in Other Net Operating Assets	1.01	-14.38	3.24	0.64	12.14	-4.53
Other Operating Activities	27.77	16.59	21.45	16.49	-41.64	-33.16
Operating Cash Flow	124.17	95.83	116.32	75.86	93.69	81.17
Operating Cash Flow Growth	6.57%	-17.61%	53.33%	-19.03%	15.43%	30.25%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Acquisition of Real Estate Assets	-48.32	-23.13	-31.92	-98.71	-79.2	-25.55
Sale of Real Estate Assets	20.34	34.09	7.78	12.26	9.54	37.83
Net Sale / Acq. of Real Estate Assets	-27.97	10.96	-24.14	-86.46	-69.66	12.28
Investment in Marketable & Equity Securities	-1.79	-0.76	-0.87	-2.63	-	-5.61
Other Investing Activities	-	-	-	0.13	2.67	-1.03
Investing Cash Flow	-29.76	10.2	-25.01	-92.29	-69.56	2.97

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	40.15	40.1	-	-	-
Long-Term Debt Issued	-	80.2	102.25	223.25	197.2	113.8
Total Debt Issued	171.55	120.35	142.35	223.25	197.2	113.8
Short-Term Debt Repaid	-	-40.1	-42.5	-	-	-
Long-Term Debt Repaid	-	-77.88	-42.68	-151.46	-222.09	-144.48
Total Debt Repaid	-131.55	-117.98	-85.18	-151.46	-222.09	-144.48
Net Debt Issued (Repaid)	40	2.37	57.17	71.79	-24.89	-30.68
Issuance of Common Stock	-	-	-	16.9	55	-
Common Dividends Paid	-78.25	-56.9	-52.35	-69.02	-60.84	-57
Other Financing Activities	-55.97	-52.32	-100.3	-0.27	9.25	1.35

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	-
Net Cash Flow	0.18	-0.83	-4.17	2.96	2.65	-2.2

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Levered Free Cash Flow	61.96	52.49	41.99	40.96	60.37	48.4
Unlevered Free Cash Flow	80.3	70.3	64.22	54.3	72.09	59.8

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	20.56	20.56	20.27	22.22	16.89	17.63
Cash Income Tax Paid	-	-	-	1.59	-7.51	4.09
Change in Working Capital	1.01	-14.38	3.24	-14.84	9.28	4.72

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Nov 14, 2026

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