ETR:DMRE 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	-81.81	-88.5	-86.48	-147.19	-65.75	58.5
Depreciation & Amortization	-1.42	-0.74	1.64	0.99	1.99	0.58
Gain (Loss) on Sale of Assets	0.95	0.12	7.29	14.33	8.16	-1.44
Asset Writedown	50.48	58.81	58.68	176.81	105.66	-48.78
Income (Loss) on Equity Investments	0.17	0.06	-	0.69	0.09	0.67
Change in Accounts Receivable	4.04	1.36	0.92	-12.22	-2.3	9.55
Change in Accounts Payable	0.52	0.4	9.53	22.37	4.89	-4.26
Change in Other Net Operating Assets	-0.19	-0.29	0.12	0.49	-1	0.98
Other Operating Activities	50.98	51.99	-9.39	-29.38	-4.48	38.97
Operating Cash Flow	29.97	29.92	34.52	40.71	48	65.22
Operating Cash Flow Growth	-7.41%	-13.32%	-15.19%	-15.19%	-26.40%	-
Acquisition of Real Estate Assets	-10.28	-10	-14.02	-12.88	-32.35	-24.72
Sale of Real Estate Assets	56.3	45.22	106.92	78.27	4.54	103.12
Net Sale / Acq. of Real Estate Assets	46.02	35.22	92.9	65.39	-27.81	78.4
Investment in Marketable & Equity Securities	-	-	-	-	-0.6	-21.08
Other Investing Activities	-0	-	-	0.03	2.14	2.44
Investing Cash Flow	46.02	35.22	88.61	65.42	-26.27	-0.24
Long-Term Debt Issued	-	44.08	93.5	23.3	-	69.7
Long-Term Debt Repaid	-	-77.57	-260.98	-48.44	-51.41	-10.9
Net Debt Issued (Repaid)	-45.96	-33.49	-167.48	-25.14	-51.41	58.8
Repurchase of Common Stock	-	-	-	-	-	-1.18
Other Financing Activities	-22.54	-22.23	-30.83	-18.42	-52.53	-84.6
Miscellaneous Cash Flow Adjustments	-	-	0	-	-	-
Net Cash Flow	7.49	9.43	-75.17	62.57	-82.2	38
Cash Interest Paid	18.91	18.91	27.42	14.76	17.03	15.92
Cash Income Tax Paid	0.58	0.58	4.4	-4.23	2.57	0.93
Levered Free Cash Flow	-26.26	-55.61	71.7	-52.71	-136.04	77.82
Unlevered Free Cash Flow	8.92	-21.01	85.82	-43.62	-125.98	87.78
Change in Working Capital	4.37	1.48	10.56	10.64	1.59	6.27

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