Warehouse REIT plc (LON:WHR)

Warehouse REIT Cash Flow Statement

Financials in millions GBP. 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	41.71	34.31	-182.86	191.2	123.11
Depreciation & Amortization	0.16	0.17	0.19	0.18	0.13
Gain (Loss) on Sale of Assets	0.49	-5.52	13.11	-	0.5
Asset Writedown	-29.91	-15.31	193.14	-163.69	-105.02
Change in Accounts Receivable	1.46	-2.46	0.33	-6.32	-4.17
Change in Other Net Operating Assets	-0.99	-1.72	2.79	-0.97	3.42
Other Operating Activities	22.99	21.32	8.64	7.83	6.23
Operating Cash Flow	35.91	30.78	35.32	28.25	24.2
Operating Cash Flow Growth	16.69%	-12.88%	25.06%	16.73%	16.77%
Acquisition of Real Estate Assets	-59.63	-18.06	-77.82	-53.85	-227.21
Sale of Real Estate Assets	78.97	51.73	58.1	-	15.95
Net Sale / Acq. of Real Estate Assets	19.34	33.67	-19.72	-53.85	-211.27
Other Investing Activities	2.66	2.67	-1.21	-	-
Investing Cash Flow	21.99	36.35	-20.93	-53.85	-211.27
Long-Term Debt Issued	56	323	65	49	73.3
Total Debt Issued	56	323	65	49	73.3
Long-Term Debt Repaid	-72.03	-346.07	-30.83	-1.06	-38.55
Net Debt Issued (Repaid)	-16.03	-23.07	34.17	47.94	34.75
Issuance of Common Stock	-	-	-	-	198.83
Common Dividends Paid	-27.19	-27.19	-27.62	-26.34	-15.6
Other Financing Activities	-22.26	-25.94	-12.2	-6.48	-9.21
Miscellaneous Cash Flow Adjustments	-	-	-0.4	-	-
Net Cash Flow	-7.58	-9.09	8.35	-10.48	21.7
Cash Interest Paid	21.23	21.32	11.81	5.29	4.58
Levered Free Cash Flow	121.63	-125.92	18.01	5.02	14.85
Unlevered Free Cash Flow	135	-111.63	27.71	10.11	18.76
Change in Net Working Capital	-119.27	128.49	-11.32	4.63	-4.15

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