AEW UK REIT Cash Flow Statement

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

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	12.73	24.34	9.05	-11.33	46.7	22.17
Other Amortization	0.13	0.13	0.13	0.36	0.13	0.1
Gain (Loss) on Sale of Assets	-1.73	-3.23	-1.85	-9.74	-3.67	-7.04
Gain (Loss) on Sale of Investments	-	-	0.01	-0.05	-0.77	-
Asset Writedown	1.64	-6.86	4.35	30	-32.32	-5.32
Change in Accounts Receivable	-3.93	-3.16	-3.46	-1.88	-0.77	0.37
Change in Other Net Operating Assets	0.46	-3.78	1.82	0.61	2.17	-0.65
Other Operating Activities	0.87	1.21	1.67	1.85	0.86	0.83
Operating Cash Flow	10.16	8.65	11.73	9.82	12.33	10.46
Operating Cash Flow Growth	-29.98%	-26.27%	19.41%	-20.32%	17.81%	-19.61%
Acquisition of Real Estate Assets	-24.3	-13.34	-25.14	-36.71	-41.44	-5.98
Sale of Real Estate Assets	27.69	33.94	24.53	43.65	16.45	29.05
Net Sale / Acq. of Real Estate Assets	3.39	20.61	-0.61	6.94	-24.99	23.07
Other Investing Activities	0.64	0.62	0.18	-	-	-
Investing Cash Flow	4.03	21.23	-0.43	6.94	-24.99	23.07
Long-Term Debt Issued	-	-	-	60	14.5	-
Total Debt Issued	-	-	-	60	14.5	-
Long-Term Debt Repaid	-	-	-	-54	-0.03	-12
Net Debt Issued (Repaid)	-	-	-	6	14.47	-12
Repurchase of Common Stock	-	-	-	-	-	-0.26
Common Dividends Paid	-12.94	-12.69	-12.39	-12.95	-12.54	-12.69
Other Financing Activities	-2.52	-2.59	-1.82	-2.26	0.05	-1
Net Cash Flow	-1.27	14.6	-2.92	7.55	-10.68	7.58
Cash Interest Paid	1.74	1.81	1.82	1.62	0.77	0.92
Levered Free Cash Flow	30.86	31.54	-16.35	28.43	-8.55	-1.33
Unlevered Free Cash Flow	31.92	32.61	-15.27	29.39	-8.1	-0.92
Change in Working Capital	-3.47	-6.94	-1.64	-1.28	1.4	-0.27

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.