Dashin Value REIT Cash Flow Statement

Financials in millions KRW. Fiscal year is December - November.

Millions KRW. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2025	FY 2025
Period Ending	Nov '25 Nov 30, 2025	Aug '25 Aug 31, 2025	May '25 May 31, 2025
Net Income	8,265	7,434	-1,465
Depreciation & Amortization	3,249	3,249	1,218
Change in Accounts Receivable	-	-	-3,902
Change in Other Net Operating Assets	-2,711	-4,652	1,330
Other Operating Activities	274.28	3,814	4,187
Operating Cash Flow	9,076	9,844	1,368
Operating Cash Flow Growth	-7.80%	619.60%	-
Acquisition of Real Estate Assets	-	-	-1,046,023
Net Sale / Acq. of Real Estate Assets	-	-	-1,046,023
Investment in Marketable & Equity Securities	-60,000	-	-
Investing Cash Flow	-60,000	-	-1,046,023
Total Debt Issued	-	-	813,983
Total Debt Repaid	-	-359,600	-
Net Debt Issued (Repaid)	-	-359,600	813,983
Issuance of Common Stock	-	377,113	222,561
Repurchase of Common Stock	-	-	-450
Common & Preferred Dividends Paid	-17,486	-11,657	-
Total Dividends Paid	-17,486	-11,657	-
Other Financing Activities	-	-	35,476
Miscellaneous Cash Flow Adjustments	0	-	0
Net Cash Flow	-68,410	15,700	26,916
Cash Interest Paid	14,311	16,432	2,630
Cash Income Tax Paid	3.55	1.56	0.05
Change in Working Capital	-2,711	-4,652	-2,572

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