Social Housing REIT Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2.99	-36.39	34.99	24.9	28.41
Other Amortization	-	0.29	0.31	3.63	1.28
Asset Writedown	22.05	53.03	-15.48	-8.26	-9
Change in Accounts Receivable	-0.99	-1.85	-5.53	-4.13	-1.24
Change in Accounts Payable	-3.24	3.42	-0.24	0.28	-0.24
Other Operating Activities	7.37	7.24	7.22	7.21	5.5
Operating Cash Flow	28.94	29.07	25.86	25.7	24.71
Operating Cash Flow Growth	-0.46%	12.40%	0.65%	3.99%	0.84%
Acquisition of Real Estate Assets	-2.31	-2.27	-	-20.61	-61.35
Sale of Real Estate Assets	0.35	-	7.54	2.12	0.13
Net Sale / Acq. of Real Estate Assets	-1.96	-2.27	7.54	-18.49	-61.23
Cash Acquisition	-	-	-	-	-0.02
Other Investing Activities	0.42	-0.05	0.01	0.15	-0.13
Investing Cash Flow	-1.54	-2.32	7.55	-18.35	-61.37
Long-Term Debt Issued	-	-	-	-	195
Long-Term Debt Repaid	-	-	-	-	-130
Net Debt Issued (Repaid)	-	-	-	-	65
Repurchase of Common Stock	-	-	-5.04	-	-
Common Dividends Paid	-21.96	-21.48	-21.62	-21.73	-20.93
Other Financing Activities	-7.35	-7.38	-7.44	-7.83	-8.37
Net Cash Flow	-1.91	-2.12	-0.68	-22.2	-0.95
Cash Interest Paid	-	7.35	7.23	7.23	5.62
Levered Free Cash Flow	10.56	14.44	13.03	25.6	3.72
Unlevered Free Cash Flow	15.35	18.87	17.46	28.77	6.7
Change in Working Capital	-4.23	1.57	-5.77	-3.85	-1.48

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