Wereldhave 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	73.34	115.84	79.42	57.27	-226.25
Depreciation & Amortization	1.24	1.11	1.13	0.95	1.65
Other Amortization	-	0.65	0.91	0.6	0.76
Gain (Loss) on Sale of Assets	2.3	0.1	0.14	4.52	228.44
Asset Writedown	-3.01	-52.9	-17.46	5.55	65.88
Change in Accounts Receivable	3.82	-3.71	-11.65	-	-
Change in Accounts Payable	-4.98	1.86	13.89	-	-
Change in Other Net Operating Assets	-	-	-	-6.68	-2.5
Other Operating Activities	31.92	29.41	16.16	4.4	12.44
Operating Cash Flow	104.64	92.36	82.55	66.6	80.41
Operating Cash Flow Growth	13.30%	11.88%	23.95%	-17.18%	-17.47%
Acquisition of Real Estate Assets	-69.46	-39.43	-104.63	-60.37	-39.7
Sale of Real Estate Assets	168.81	-	9.67	4.01	390.7
Net Sale / Acq. of Real Estate Assets	99.35	-39.43	-94.96	-56.36	351
Cash Acquisition	-230.22	-	-3.27	-	-
Investment in Marketable & Equity Securities	-17.51	0.11	-0.41	-0.13	-0.63
Other Investing Activities	0.66	-	-	-	0
Investing Cash Flow	-147.74	-39.4	-98.64	-56.52	350.01
Long-Term Debt Issued	290.74	278.19	184.12	118.19	31.32
Long-Term Debt Repaid	-105.36	-267.22	-95.9	-82.5	-478.12
Net Debt Issued (Repaid)	185.38	10.97	88.22	35.69	-446.8
Repurchase of Common Stock	-3.08	-	-	-	-
Common Dividends Paid	-57.78	-52.47	-46.5	-53.94	-27.93
Other Financing Activities	5.82	-18.69	-14.44	-4.24	4.08
Net Cash Flow	87.25	-7.23	11.19	-12.42	-40.23
Cash Interest Paid	37.36	33.27	29.7	23.7	24.27
Cash Income Tax Paid	0.15	0.26	0.12	0.08	0.21
Levered Free Cash Flow	75.2	55.8	52.16	47.6	71.38
Unlevered Free Cash Flow	100.49	78.25	70.85	61.87	86.25
Change in Working Capital	-1.16	-1.86	2.25	-6.68	-2.5

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