NEPI Rockcastle Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	587.57	476.8	435.17	235	-174.92	Upgrade
Depreciation & Amortization	2.05	1.47	1.47	0.64	0.58	Upgrade
Gain (Loss) on Sale of Assets	-25.93	-5.64	-1.12	-2	-2.31	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	93.77	Upgrade
Asset Writedown	-195.38	-164.47	-141.7	-34.65	345.25	Upgrade
Stock-Based Compensation	3.04	2	1.47	-	-	Upgrade
Change in Accounts Receivable	-38.4	-22.18	-12.48	-6.06	11.16	Upgrade
Change in Accounts Payable	28.01	13.79	18.61	11.55	-16.78	Upgrade
Other Operating Activities	55.12	61.7	8.36	59.77	-20.33	Upgrade
Operating Cash Flow	429.12	366.9	298.61	258.03	236.42	Upgrade
Operating Cash Flow Growth	16.96%	22.87%	15.72%	9.14%	-26.49%	Upgrade
Acquisition of Real Estate Assets	-899.23	-193.05	-459.94	-71.17	-124.71	Upgrade
Sale of Real Estate Assets	180.94	21.9	3.36	61.09	301.02	Upgrade
Net Sale / Acq. of Real Estate Assets	-718.29	-171.14	-456.58	-10.08	176.32	Upgrade
Cash Acquisition	-	-	-36.98	-2.83	-3.32	Upgrade
Investment in Marketable & Equity Securities	-	-	-	-	75.3	Upgrade
Other Investing Activities	-	-	-	0.15	4.12	Upgrade
Investing Cash Flow	-718.29	-171.14	-493.56	-12.75	252.41	Upgrade
Long-Term Debt Issued	936.97	200	753.57	73.52	1,011	Upgrade
Short-Term Debt Repaid	-33.33	-16.67	-	-	-	Upgrade
Long-Term Debt Repaid	-516.69	-215.56	-526.07	-250.71	-825.64	Upgrade
Total Debt Repaid	-550.02	-232.22	-526.07	-250.71	-825.64	Upgrade
Net Debt Issued (Repaid)	386.95	-32.22	227.5	-177.19	185.22	Upgrade
Issuance of Common Stock	300.09	0.18	0.11	-	-	Upgrade
Repurchase of Common Stock	-183.23	-58.4	-12.2	-1.98	-78.89	Upgrade
Common Dividends Paid	-100.42	-14.65	-241.22	-210.22	-150.66	Upgrade
Other Financing Activities	-4.23	-2.77	-27.23	-0.57	-9.94	Upgrade
Net Cash Flow	109.98	87.89	-247.99	-144.67	434.55	Upgrade
Cash Interest Paid	103.64	77.46	50.57	56.75	50.99	Upgrade
Cash Income Tax Paid	28.8	30.26	9.48	6.41	7.18	Upgrade
Levered Free Cash Flow	433.82	126.47	157.18	210.4	475.44	Upgrade
Unlevered Free Cash Flow	504.2	177.1	192.68	249.56	512.13	Upgrade
Change in Working Capital	2.66	-4.96	-5.04	-0.74	-5.62	Upgrade

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.