JR Global REIT Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023
Net Income	32,407	61,470	41,330	48,466	46,410
Depreciation & Amortization	-	-	25,627	25,096	24,502
Loss (Gain) From Sale of Investments	-337.65	-	-	-	-
Loss (Gain) on Equity Investments	-750.43	-20,750	-3,415	-5,258	-4,524
Other Operating Activities	45,184	33,681	13,526	24,227	29,467
Change in Accounts Receivable	-3,396	13,904	-22,672	17,170	-16,387
Change in Unearned Revenue	-3,635	616.03	-458.72	28.75	-583.44
Change in Income Taxes	-10,623	-2,785	10,623	-	-
Change in Other Net Operating Assets	-108,099	-54,718	4,205	1,611	2,014
Operating Cash Flow	-49,250	31,419	68,765	111,341	80,900
Operating Cash Flow Growth	-	-54.31%	-38.24%	37.63%	-
Capital Expenditures	-1,600	-	-	-	-
Investment in Securities	61,600	-12,600	30,789	-30,698	25,018
Other Investing Activities	-0	-	-	-	-
Investing Cash Flow	60,000	-12,600	30,789	-30,698	25,018
Total Debt Issued	316,000	410,000	2,193,362	40,000	226,000
Total Debt Repaid	-235,052	-336,018	-2,215,572	-40,000	-186,000
Net Debt Issued (Repaid)	80,948	73,982	-22,210	-	40,000
Dividends Paid	-45,419	-76,999	-76,977	-76,977	-75,003
Other Financing Activities	-963.04	-1,792	-1,518	-21.09	-1,093
Financing Cash Flow	34,567	-4,810	-100,704	-76,998	-36,096
Foreign Exchange Rate Adjustments	4,680	1,173	-5,058	-1,985	-1,019
Miscellaneous Cash Flow Adjustments	-	-	-0	-	-
Net Cash Flow	49,997	15,182	-6,209	1,659	68,804
Free Cash Flow	-50,850	31,419	68,765	111,341	80,900
Free Cash Flow Growth	-	-54.31%	-38.24%	37.63%	-
Free Cash Flow Margin	-35.23%	21.00%	54.95%	90.64%	66.91%
Free Cash Flow Per Share	-257.34	159.18	348.40	564.11	409.88
Cash Interest Paid	68,221	46,856	30,175	19,048	18,210
Cash Income Tax Paid	-17,346	-1,774	-493.12	1,054	-7,732
Levered Free Cash Flow	63,587	126,964	117,594	80,935	45,066
Unlevered Free Cash Flow	110,180	169,072	133,675	94,152	57,609
Change in Working Capital	-125,753	-42,983	-8,302	18,810	-14,956

Updated Nov 14, 2022. Source: S&P Global Market Intelligence. Standard template. Financial Sources.