Retail Estates N.V. (LON:0FSO)

Retail Estates Cash Flow Statement

Financials in millions EUR. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	106.7	122.97	180.62	131.84	61.44
Depreciation & Amortization	1.58	1.24	0.79	0.71	0.41
Other Amortization	0.17	0.17	0.17	0.15	-0.13
Gain (Loss) on Sale of Assets	-0.39	0.4	-0.14	-0.33	-0.83
Gain (Loss) on Sale of Investments	0.02	0.1	0.09	0.22	-2.51
Asset Writedown	-27.83	-51.37	-55.92	-23.11	5.96
Change in Accounts Receivable	-1.24	-3.88	-9.81	4.63	-3.3
Change in Accounts Payable	-3.01	-6.09	6.62	-6.57	8.16
Change in Other Net Operating Assets	0.67	0.64	12.14	-4.53	-0.4
Other Operating Activities	13.07	16.49	-41.64	-33.16	-0.99
Operating Cash Flow	95.46	75.86	93.69	81.17	62.32
Operating Cash Flow Growth	25.83%	-19.03%	15.43%	30.25%	16.66%
Acquisition of Real Estate Assets	-31.06	-98.71	-79.2	-25.55	-107.01
Sale of Real Estate Assets	7.78	12.26	9.54	37.83	43.34
Net Sale / Acq. of Real Estate Assets	-23.29	-86.46	-69.66	12.28	-63.67
Investment in Marketable & Equity Securities	-	-2.63	-	-5.61	-2.25
Other Investing Activities	0.01	0.13	2.67	-1.03	-
Investing Cash Flow	-24.01	-92.29	-69.56	2.97	-66.41
Long-Term Debt Issued	142.35	223.25	197.2	113.8	153.25
Long-Term Debt Repaid	-165.43	-151.46	-222.09	-144.48	-189.94
Net Debt Issued (Repaid)	-23.08	71.79	-24.89	-30.68	-36.69
Issuance of Common Stock	19.74	16.9	55	-	-
Common Dividends Paid	-71.88	-69.02	-60.84	-57	-53.4
Other Financing Activities	-0.4	-0.27	9.25	1.35	-0.22
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	-4.17	2.96	2.65	-2.2	-94.4
Cash Interest Paid	19.16	22.22	16.89	17.63	19.14
Cash Income Tax Paid	2.45	1.59	-7.51	4.09	2.88
Levered Free Cash Flow	53.28	40.96	60.37	48.4	35.3
Unlevered Free Cash Flow	65.75	54.3	72.09	59.8	48.3
Change in Working Capital	0.9	-14.84	9.28	4.72	-3.18

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.