NGX: SFSREIT Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Net Income	480.31	480.31	317.5	186.62	160.52	175.14	Upgrade
Gain (Loss) on Sale of Assets	-	-	-57.66	-	-	-19.88	Upgrade
Change in Other Net Operating Assets	48.56	48.56	183.98	8.78	-3.83	36.39	Upgrade
Other Operating Activities	-339.91	-339.91	-	-	-	-	Upgrade
Operating Cash Flow	188.96	188.96	443.82	195.4	156.69	191.64	Upgrade
Operating Cash Flow Growth	-57.42%	-57.42%	127.14%	24.71%	-18.24%	10.50%	Upgrade
Acquisition of Real Estate Assets	-89.84	-89.84	-426.55	-	-90	-115	Upgrade
Sale of Real Estate Assets	95	95	335.65	-	45	205.88	Upgrade
Net Sale / Acq. of Real Estate Assets	5.16	5.16	-90.9	-	-45	90.88	Upgrade
Investment in Marketable & Equity Securities	-675.89	-675.89	0.86	110.93	237.16	-104.79	Upgrade
Other Investing Activities	45.81	45.81	11.24	40.05	36.92	48.92	Upgrade
Investing Cash Flow	-624.93	-624.93	-78.81	150.98	229.08	35.02	Upgrade
Common Dividends Paid	-290	-290	-169	-145	-162	-146	Upgrade
Miscellaneous Cash Flow Adjustments	0	0	-	-	-	-0	Upgrade
Net Cash Flow	-725.97	-725.97	196.02	201.38	223.76	80.66	Upgrade
Levered Free Cash Flow	587.55	587.55	161.77	73.32	197.77	150.25	Upgrade
Unlevered Free Cash Flow	587.55	587.55	161.77	73.32	197.77	150.25	Upgrade
Change in Net Working Capital	-284.87	-284.87	5.1	47.76	-92.98	-50.4	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.