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 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	375.86	435.5	22.3	351.71	982.27	324.61	Upgrade
Depreciation & Amortization	13.52	11.92	17.44	8.89	3.16	8.43	Upgrade
Gain (Loss) on Sale of Assets	-0.11	-0.72	-1.25	-0.52	-6.41	-0.41	Upgrade
Asset Writedown	-84.36	-151.14	222.54	157.75	-825.96	-186.42	Upgrade
Income (Loss) on Equity Investments	-21.03	-19.42	3.52	-38.65	-18.62	-4.83	Upgrade
Change in Other Net Operating Assets	29.2	-10.47	-31.5	60.73	-31.85	17.37	Upgrade
Other Operating Activities	128.62	90.44	53.91	-189.42	120.77	81.53	Upgrade
Operating Cash Flow	441.71	356.12	286.95	350.5	223.35	240.27	Upgrade
Operating Cash Flow Growth	55.64%	24.11%	-18.13%	56.93%	-7.04%	58.13%	Upgrade
Acquisition of Real Estate Assets	-762.46	-744.28	-343.57	-489.85	-368.27	-395.26	Upgrade
Sale of Real Estate Assets	0.07	11.14	27.11	8.6	22.67	6.45	Upgrade
Net Sale / Acq. of Real Estate Assets	-762.39	-733.15	-316.46	-481.25	-345.6	-388.81	Upgrade
Investment in Marketable & Equity Securities	-9.44	-53.15	-25.18	-252.59	-11.41	-	Upgrade
Other Investing Activities	13.52	9.4	7.55	1.22	4	-2.22	Upgrade
Investing Cash Flow	-758.31	-776.89	-334.09	-732.62	-353.01	-391.02	Upgrade
Long-Term Debt Issued	-	686.11	611.41	1,091	580.5	738.53	Upgrade
Long-Term Debt Repaid	-	-79.44	-691.42	-926.09	-517.15	-456.87	Upgrade
Net Debt Issued (Repaid)	631.06	606.67	-80.01	164.48	63.35	281.66	Upgrade
Issuance of Common Stock	-	-	294.54	297.12	196.89	-	Upgrade
Common Dividends Paid	-163.47	-143.26	-127.5	-163.62	-86.82	-78.26	Upgrade
Other Financing Activities	-163.44	-45.3	-34.9	82.95	-45.77	-45.01	Upgrade
Miscellaneous Cash Flow Adjustments	0	0	-0	0	-	-	Upgrade
Net Cash Flow	-12.44	-2.66	4.99	-1.19	-2.01	7.64	Upgrade
Cash Interest Paid	26.5	-	-	-	-	45.01	Upgrade
Levered Free Cash Flow	202.38	219.11	107.69	250.73	141.89	126.89	Upgrade
Unlevered Free Cash Flow	250.74	249.33	151.57	270.37	155.45	140.6	Upgrade
Change in Working Capital	29.2	-10.47	-31.5	60.73	-31.85	17.37	Upgrade

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