TAG Immobilien AG Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	93.38	121.12	-396.92	113.09	570.46
Depreciation & Amortization	13.98	12.74	11.84	10.63	8.84
Gain (Loss) on Sale of Assets	-0.65	0.67	-3.24	9.1	-0.37
Gain (Loss) on Sale of Investments	-0.33	-0.02	-1.41	-0.67	-0.43
Asset Writedown	-182.9	114.5	704.82	51.65	-539.56
Income (Loss) on Equity Investments	-13.92	-1.64	-2.35	-	-
Change in Accounts Receivable	-16.95	44.05	75.35	41.38	-22.46
Change in Other Net Operating Assets	7.41	-107.21	-4.39	-107.25	29.73
Other Operating Activities	12.64	-4.51	21.01	-1.17	-14.74
Operating Cash Flow	231.1	142.03	291.94	133.56	164.03
Operating Cash Flow Growth	62.71%	-51.35%	118.58%	-18.57%	-35.42%
Acquisition of Real Estate Assets	-275.4	-218.46	-157.32	-8.64	-11.67
Sale of Real Estate Assets	64.13	133.8	274.09	95.08	47.32
Net Sale / Acq. of Real Estate Assets	-211.27	-84.66	116.77	86.44	35.64
Cash Acquisition	-0.19	-	-	-636.3	-308.7
Investment in Marketable & Equity Securities	-147.82	0.67	1.12	0.86	0.83
Other Investing Activities	-	-	-	-12.24	-
Investing Cash Flow	-359.28	-83.99	117.89	-561.23	-272.22
Long-Term Debt Issued	1,410	926.23	787.3	1,346	390.43
Long-Term Debt Repaid	-805.61	-509.9	-1,311	-823.9	-376.23
Net Debt Issued (Repaid)	604.16	416.34	-523.73	522.51	14.21
Issuance of Common Stock	183.89	0.35	0.42	202.16	0.32
Repurchase of Common Stock	-	-1.51	-	-	-
Common Dividends Paid	-54.8	-	-	-136.15	-128.81
Total Dividends Paid	-54.8	-	-	-136.15	-128.81
Other Financing Activities	-10.32	-1.09	-6.1	-15	-5.01
Foreign Exchange Rate Adjustments	1.12	1.37	8.28	-1.25	1.58
Net Cash Flow	595.87	473.49	-111.29	144.59	-225.92
Cash Interest Paid	70.26	60.09	59.44	52.7	43.29
Cash Income Tax Paid	34.23	50.31	21.27	3.87	34.88
Levered Free Cash Flow	39.48	-11.23	401.72	-389.38	21
Unlevered Free Cash Flow	103.93	34.12	447.08	-355.6	52.18
Change in Working Capital	302.04	-106.53	-48.48	-54.92	135.51

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