BSR Real Estate Investment Trust (BSRTF)

BSRTF Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-79.52	-40.24	-210.87	227.23	283.21	27.58
Depreciation & Amortization	0.13	0.13	0.13	0.13	0.13	0.13
Other Amortization	1.68	1.67	1.82	2.06	2.05	3.62
Gain (Loss) on Sale of Assets	5.18	-	-	-	3.21	7.67
Asset Writedown	31.67	70.31	270.4	-72.53	-422.75	-20.5
Stock-Based Compensation	2.34	2.4	2.61	2.41	4.78	1.76
Change in Accounts Receivable	-0.48	-1.43	-0.73	-1.04	-0.14	-0.53
Change in Accounts Payable	7.14	-2.93	0.12	13.84	3.55	-0.74
Change in Other Net Operating Assets	-0.19	-0.59	0.09	-0.15	-1.14	0.04
Other Operating Activities	123.01	50.06	19.51	-82.45	185.5	32.26
Operating Cash Flow	90.96	79.38	83.08	89.51	58.4	51.3
Operating Cash Flow Growth	21.42%	-4.45%	-7.18%	53.25%	13.85%	-9.78%
Acquisition of Real Estate Assets	-97.32	-36.31	-31.71	-30.72	-657.06	-340.09
Sale of Real Estate Assets	208.46	-	-	-	215.25	298.3
Net Sale / Acq. of Real Estate Assets	111.14	-36.31	-31.71	-30.72	-441.8	-41.79
Other Investing Activities	2.09	3.29	-1.76	4.21	7.68	3.87
Investing Cash Flow	113.22	-33.02	-33.47	-26.52	-434.12	-37.92
Long-Term Debt Issued	-	121.77	96.53	179.61	904.13	354.37
Total Debt Issued	267	121.77	96.53	179.61	904.13	354.37
Long-Term Debt Repaid	-	-109.02	-51.03	-282.1	-534.89	-350.49
Total Debt Repaid	-335.5	-109.02	-51.03	-282.1	-534.89	-350.49
Net Debt Issued (Repaid)	-68.5	12.75	45.51	-102.49	369.25	3.88
Issuance of Common Stock	-	-	-	109.66	65.35	-
Repurchase of Common Stock	-	-	-38.31	-14.63	-	-0.77
Common Dividends Paid	-18	-17.75	-18.73	-18.19	-14.76	-11.59
Other Financing Activities	-41.17	-39.36	-38.54	-36.98	-42.54	-36.64
Net Cash Flow	76.51	1.99	-0.46	0.36	1.57	-31.73
Cash Interest Paid	53.06	53.58	50.11	38.25	32.24	32.11
Levered Free Cash Flow	-424.57	12.68	16.83	55.75	30.43	15.31
Unlevered Free Cash Flow	-384.02	47.19	52.82	67.59	47.26	37.55
Change in Net Working Capital	437.62	6.47	0.62	-17.58	-8.46	-2.96

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.