SF Real Estate Investment Trust (HKG:2191)

Paragon 28 Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-294.53	219.47	439.67	261.41	26.88
Depreciation & Amortization	2.11	2.18	1.57	1.49	1.45
Other Amortization	1.68	0.77	0.74	0.62	-
Asset Writedown	614.44	-55.01	-301.23	-121.26	53.84
Change in Accounts Receivable	-17.68	-46.21	-3.66	28.51	6.07
Change in Accounts Payable	12.35	30.74	-34.95	-31.41	-1.55
Change in Other Net Operating Assets	-77.51	-56.8	-104.93	-84.39	-9.17
Other Operating Activities	8.45	150.73	166.55	108.18	136.33
Operating Cash Flow	249.3	245.87	163.77	163.16	213.84
Operating Cash Flow Growth	1.40%	50.13%	0.38%	-23.70%	-3.69%
Acquisition of Real Estate Assets	-1.57	-4.6	-2.35	-3.22	-116.91
Net Sale / Acq. of Real Estate Assets	-1.57	-4.6	-2.35	-3.22	-116.91
Cash Acquisition	-	-	-247.91	-2,133	-
Investment in Marketable & Equity Securities	-40.02	-	-	-	-
Other Investing Activities	78.37	98.06	63.16	35.85	-
Investing Cash Flow	36.77	93.46	-187.09	-2,101	-117.36
Long-Term Debt Issued	-	-	261.89	-	451.38
Total Debt Issued	-	-	261.89	2,882	451.38
Long-Term Debt Repaid	-46.07	-80.07	-41.24	-	-414.28
Total Debt Repaid	-46.07	-80.07	-41.24	-4,083	-414.28
Net Debt Issued (Repaid)	-46.07	-80.07	220.65	-1,201	37.1
Issuance of Common Stock	-	-	-	3,884	-
Common Dividends Paid	-232.13	-229.68	-247.3	-	-
Other Financing Activities	-104.18	-113.1	-72.22	-150.1	-115.89
Foreign Exchange Rate Adjustments	-0.44	-0.37	-1.13	0.61	1.33
Net Cash Flow	-96.75	-83.89	-123.32	596.18	19.02
Cash Interest Paid	107.46	113.1	72.22	32.64	119.46
Cash Income Tax Paid	13.39	13.31	8.48	4.93	-
Levered Free Cash Flow	106.88	117.87	132.75	-242.96	388.15
Unlevered Free Cash Flow	178.36	188.32	177.75	-222.31	462.17
Change in Net Working Capital	48.92	15.95	19.54	380	-325.38

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