Grand City Properties 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	479.18	511.88	238.99	-513.81	153.96	548.56
Depreciation & Amortization	6.67	6.64	6.31	9.32	10.49	8.24
Gain (Loss) on Sale of Assets	4.15	4.15	5.53	8.64	-2.72	-63.69
Gain (Loss) on Sale of Investments	38.88	38.88	-3.88	67.02	115.93	122.55
Asset Writedown	-221.35	-276.67	-49.56	881.38	-115.04	-631.15
Stock-Based Compensation	2.79	2.75	2.33	1.86	2.57	3.16
Income (Loss) on Equity Investments	-	-	-	-	-	-3.95
Change in Other Net Operating Assets	-16	-19.69	-9.9	-38.01	-61.13	-44.83
Other Operating Activities	-10.8	12.55	94.63	-166.99	112.06	278.17
Operating Cash Flow	283.53	280.49	284.46	249.41	216.12	217.06
Operating Cash Flow Growth	0.01%	-1.40%	14.06%	15.40%	-0.43%	-10.36%
Acquisition of Real Estate Assets	-245.41	-250.06	-111.95	-117.36	-263.59	-484.01
Sale of Real Estate Assets	50.63	76.44	77.45	166.29	18.48	14.99
Net Sale / Acq. of Real Estate Assets	-194.79	-173.62	-34.5	48.93	-245.11	-469.02
Investment in Marketable & Equity Securities	-3.11	134.49	86.52	98.94	78.62	275.23
Investing Cash Flow	-197.9	-39.13	52.02	147.8	-167.69	-198.46
Long-Term Debt Issued	-	239.99	549.76	583.86	-	1,149
Long-Term Debt Repaid	-	-266.89	-512.24	-87.75	-486.33	-1,220
Net Debt Issued (Repaid)	-24.9	-26.9	37.53	496.11	-486.33	-70.69
Issuance of Common Stock	-	-	43.48	-	-	17.1
Repurchase of Common Stock	-100.18	-56.7	-93.76	-24.75	-24.75	-379.67
Common Dividends Paid	-	-	-	-	-56.34	-53.72
Other Financing Activities	-24.52	-0.93	-80.62	-66.06	-49.34	-50.21
Foreign Exchange Rate Adjustments	1.75	1.7	0.95	-0.03	-1.06	2.09
Miscellaneous Cash Flow Adjustments	-	0.38	-0.38	1.76	-1.16	-0.22
Net Cash Flow	-62.21	158.91	243.68	804.24	-570.55	-516.71
Cash Interest Paid	11.75	-	-	-	47.34	49.79
Cash Income Tax Paid	41.17	39.41	40.65	32.23	30.85	36.7
Levered Free Cash Flow	224.32	390.57	175.49	313.38	14.61	194.31
Unlevered Free Cash Flow	266.74	431.55	212.27	348.89	43.93	223.35
Change in Working Capital	-16	-19.69	-9.9	-38.01	-61.13	-44.83

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