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SA Corporate Real Estate Limited (JSE:SAC)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
348.00
+2.00 (0.58%)
Sep 29, 2026, 2:24 PM SAST

SA Corporate Real Estate Cash Flow Statement

Millions ZAR. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
802.46564.01645.831,209819.31620.88
Depreciation & Amortization
35.1821.0518.0725.9610.0611.09
Other Amortization
18.3418.3418.8713.9224.7423.54
Gain (Loss) on Sale of Assets
-9.2-9.215.5251.775.3321.72
Gain (Loss) on Sale of Investments
---5.53128.3-22.85
Asset Writedown
183183-60.05-59936.88430.53
Stock-Based Compensation
17.5317.5318.019.7810.62.8
Income (Loss) on Equity Investments
-146.65-146.65-55.25-56.52-246.5336.29
Change in Accounts Receivable
75.2134.06-50.7380.27-177.1520.57
Change in Accounts Payable
-53.32-59.6865.5446.53-3.2333.48
Other Operating Activities
-66.5830.6241.26-77.22-181.42-516.94
Operating Cash Flow
875.34672.22685.83730.47449.58715.91
Operating Cash Flow Growth
32.21%-1.98%-6.11%62.48%-37.20%6.33%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Acquisition of Real Estate Assets
-257.49-283.17-326.09-371.64-469.85-296.59
Sale of Real Estate Assets
390.74390.74133.59778.07271.75824.6
Net Sale / Acq. of Real Estate Assets
133.25107.58-192.5406.43-198.1528.01
Cash Acquisition
-428.65-428.65--1,035-3-
Investment in Marketable & Equity Securities
51.6851.6852.27269.2420.75-1.44
Other Investing Activities
262.57--43.174.2597.2494.68
Investing Cash Flow
186.24-102-200.2-364.56152.33607.81

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-262.461,8452,062706931.5
Total Debt Issued
605.98262.461,8452,062706931.5
Long-Term Debt Repaid
--1,236-1,232-1,778-695.97-1,465
Lease Payments
-7.78-10.56-14.1-21.44-7.67-8.73
Total Debt Repaid
-1,560-1,236-1,232-1,778-695.97-1,465
Net Debt Issued (Repaid)
-954.07-973.28613.15284.6210.03-533.29
Issuance of Common Stock
444.99744.49----
Repurchase of Common Stock
--36.11-29.64-19.52--16.52
Common Dividends Paid
-716.64-656.78-601.17-567.54-643.24-709.21
Other Financing Activities
----48.47--21.48

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-0.94-0.89----
Net Cash Flow
-165.08-352.34467.9715.01-31.3143.22

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Levered Free Cash Flow
-412.86-639.33-129.09972.01759.27501.82
Unlevered Free Cash Flow
116.42-95.8387.711,393938.97650.76

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
628.67768.83831.63657.66524.69502.06
Cash Income Tax Paid
2.923.049.821.22.131.61
Change in Working Capital
21.63-26.1214.5126.79-180.3854.28