Target Healthcare REIT Cash Flow Statement

Financials in millions GBP. Fiscal year is July - June.

Millions GBP. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	77.93	60.85	73.02	-6.57	49.1	43.88
Other Amortization	0.67	0.62	0.62	0.62	0.57	0.57
Gain (Loss) on Sale of Assets	-9.5	-0.04	-1.93	-0.58	0.01	-1.21
Asset Writedown	-27.53	-23.44	-36.46	40.51	-21.58	-19.19
Change in Accounts Receivable	-0.22	1.37	3.08	-4.55	-3.77	-1.23
Change in Accounts Payable	1.54	0.65	2.09	-0.33	3.34	1.86
Change in Other Net Operating Assets	-	-	-	-	-	-1.55
Other Operating Activities	0.6	1.11	1.92	0.56	2.73	1.83
Operating Cash Flow	43.49	41.1	42.35	29.67	30.39	24.96
Operating Cash Flow Growth	5.13%	-2.94%	42.74%	-2.39%	21.78%	16.24%
Acquisition of Real Estate Assets	-35.21	-12.99	-40.93	-29.34	-206.99	-51.4
Sale of Real Estate Assets	103.28	9.75	44.34	25.79	4.36	7.83
Net Sale / Acq. of Real Estate Assets	68.08	-3.23	3.42	-3.55	-202.63	-43.58
Investing Cash Flow	68.08	-3.23	3.42	-3.55	-202.63	-43.58
Long-Term Debt Issued	-	13	52.5	62	222	152
Long-Term Debt Repaid	-	-14	-39.5	-66.75	-117.25	-174
Net Debt Issued (Repaid)	-44.5	-1	13	-4.75	104.75	-22
Issuance of Common Stock	-	-	-	-	125	60
Common Dividends Paid	-36.6	-36.11	-35.24	-40.27	-39.79	-31.49
Other Financing Activities	-1.21	-	-	-0.21	-4.35	-3.22
Net Cash Flow	29.26	0.76	23.52	-19.12	13.38	-15.33
Cash Interest Paid	10.01	10.09	9.96	8.72	5.31	4.27
Cash Income Tax Paid	-	-	-	-	0.01	0.01
Levered Free Cash Flow	35.16	26.98	43.08	18.3	41.4	27.08
Unlevered Free Cash Flow	40.9	33.02	49.25	23.66	45	29.53
Change in Working Capital	1.32	2.01	5.17	-4.88	-0.43	-0.92