Warehouses De Pauw 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	381.22	353.92	435.5	22.3	351.71	982.27
Depreciation & Amortization	11.36	12.77	11.92	17.44	8.89	3.16
Gain (Loss) on Sale of Assets	-5.29	-5.61	-0.72	-1.25	-0.52	-6.41
Asset Writedown	-70.8	-68.61	-151.14	222.54	157.75	-825.96
Income (Loss) on Equity Investments	-22.53	-22.05	-19.42	3.52	-38.65	-18.62
Change in Other Net Operating Assets	11.47	4.11	-10.47	-31.5	60.73	-31.85
Other Operating Activities	120.24	123.4	90.44	53.91	-189.42	120.77
Operating Cash Flow	425.67	397.92	356.12	286.95	350.5	223.35
Operating Cash Flow Growth	-0.19%	11.74%	24.11%	-18.13%	56.93%	-7.04%
Acquisition of Real Estate Assets	-326.58	-524.7	-744.28	-343.57	-489.85	-368.27
Sale of Real Estate Assets	46.04	46.01	11.14	27.11	8.6	22.67
Net Sale / Acq. of Real Estate Assets	-280.54	-478.7	-733.15	-316.46	-481.25	-345.6
Investment in Marketable & Equity Securities	-28.67	-4.81	-53.15	-25.18	-252.59	-11.41
Other Investing Activities	7.75	9.64	13.62	7.55	1.22	4
Investing Cash Flow	-301.47	-473.87	-772.67	-334.09	-732.62	-353.01
Long-Term Debt Issued	-	970.8	686.11	611.41	1,091	580.5
Long-Term Debt Repaid	-	-559.32	-79.44	-691.42	-926.09	-517.15
Net Debt Issued (Repaid)	219.04	411.48	606.67	-80.01	164.48	63.35
Issuance of Common Stock	-	-	-	294.54	297.12	196.89
Common Dividends Paid	-163.57	-163.57	-143.26	-127.5	-163.62	-86.82
Other Financing Activities	-171.16	-167.55	-49.52	-34.9	82.95	-45.77
Miscellaneous Cash Flow Adjustments	-	-	0	-0	0	-
Net Cash Flow	8.5	4.41	-2.66	4.99	-1.19	-2.01
Cash Interest Paid	79.52	75.9	49.52	37.97	-	-
Levered Free Cash Flow	218.4	211.34	219.11	107.69	250.73	141.89
Unlevered Free Cash Flow	268.4	259.73	249.33	151.57	270.37	155.45
Change in Working Capital	11.47	4.11	-10.47	-31.5	60.73	-31.85

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