CapitaLand Ascendas REIT Cash Flow Statement

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

Millions SGD. 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	769.7	755.08	159.27	760.39	957.04
Other Amortization	-	-	4.72	4.45	4.65
Gain (Loss) on Sale of Assets	-22.82	-45.36	-11.83	-	-23.99
Asset Writedown	-184.43	-2.47	503.17	-66.27	-276.6
Stock-Based Compensation	17.64	17.26	17.42	16.89	15.87
Income (Loss) on Equity Investments	-15.12	-0.5	-0.48	-0.35	-3.3
Change in Accounts Receivable	6.82	-32.43	-5.99	-16.55	-26.82
Change in Accounts Payable	103.41	-0.51	48.44	188.42	-55.92
Other Operating Activities	439.78	255.9	241.45	131.65	135.6
Operating Cash Flow	1,118	947.83	956.28	1,018	726.76
Operating Cash Flow Growth	17.92%	-0.88%	-6.06%	40.06%	-0.37%
Acquisition of Real Estate Assets	-1,932	-233.87	-922.86	-341.21	-2,147
Sale of Real Estate Assets	434.98	175.15	34.65	-	262.4
Net Sale / Acq. of Real Estate Assets	-1,497	-58.72	-888.21	-341.21	-1,884
Investment in Marketable & Equity Securities	-	-7.17	-40.8	-35.62	-39.31
Other Investing Activities	3.02	3.43	3.3	2.56	8.99
Investing Cash Flow	-1,442	-62.46	-925.71	-374.26	-1,915
Long-Term Debt Issued	4,283	1,347	5,483	8,706	3,782
Total Debt Issued	4,283	1,347	5,483	8,706	3,782
Long-Term Debt Repaid	-3,482	-1,383	-5,118	-8,665	-2,400
Total Debt Repaid	-3,482	-1,383	-5,118	-8,665	-2,400
Net Debt Issued (Repaid)	800.96	-36.02	364.99	40.7	1,383
Issuance of Common Stock	800	-	500	-	420
Repurchase of Common Stock	-300	-	-	-	-
Common Dividends Paid	-678.09	-666.78	-669.62	-658.7	-387.46
Other Financing Activities	-257.89	-241.41	-223.55	-164.37	-138.01
Foreign Exchange Rate Adjustments	0.73	5	2.17	-12.83	1.11
Net Cash Flow	41.7	-53.84	4.56	-151.53	90.57
Cash Interest Paid	252.54	242.08	216.97	157.37	129.14
Cash Income Tax Paid	15.93	12.89	24.08	38.09	26.5
Levered Free Cash Flow	605.67	380.11	535.87	332.65	519.4
Unlevered Free Cash Flow	773.71	547.27	692.84	446.44	617.8
Change in Working Capital	110.23	-32.94	42.45	171.87	-82.74

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.