Canadian Net Real Estate Investment Trust (CNNRF)

CNNRF Cash Flow Statement

Financials in millions CAD. 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	16.02	7.1	18.22	-6.49	25.09	9.62
Gain (Loss) on Sale of Assets	-	-	-	-	-0.06	0.18
Asset Writedown	-3.78	4.76	-4.32	16.74	-13.36	-0.31
Stock-Based Compensation	0.82	0.69	0.39	0.6	0.31	0.04
Income (Loss) on Equity Investments	-2.18	-1.86	-3.08	0.9	-2.97	-2.51
Change in Accounts Payable	0.24	-0.38	0.27	0.55	0.37	0.07
Change in Other Net Operating Assets	0.23	0.34	-0.05	-0.34	-0.09	0.27
Other Operating Activities	0.01	0.01	-0.18	-0.63	-0.03	-1.18
Operating Cash Flow	11.36	10.65	11.25	11.33	9.26	6.19
Operating Cash Flow Growth	9.26%	-5.34%	-0.69%	22.33%	49.70%	71.15%
Acquisition of Real Estate Assets	-22.33	-9.81	-1.57	-44.3	-53.73	-69.16
Sale of Real Estate Assets	12.47	12.47	4.23	0.16	-	1.7
Net Sale / Acq. of Real Estate Assets	-9.85	2.66	2.66	-44.14	-53.73	-67.46
Investment in Marketable & Equity Securities	1.1	0.43	0.56	2.27	-2	-5.1
Investing Cash Flow	-8.33	3.72	2.71	-41.56	-55.79	-73.82
Short-Term Debt Issued	-	-	0.24	12.84	2.89	-
Long-Term Debt Issued	-	6.5	2.35	27.92	29.08	56.09
Total Debt Issued	18.34	6.5	2.59	40.76	31.97	56.09
Short-Term Debt Repaid	-	-2.73	-	-	-	-10.45
Long-Term Debt Repaid	-	-11.16	-8.19	-5.59	-3.33	-2.91
Total Debt Repaid	-13.97	-13.89	-8.19	-5.59	-3.33	-13.35
Net Debt Issued (Repaid)	4.37	-7.39	-5.6	35.18	28.64	42.74
Issuance of Common Stock	-	-	0.01	1.62	19.62	32.8
Repurchase of Common Stock	-	-	-0.5	-	-	-
Common Dividends Paid	-7.09	-7.09	-7.1	-6.97	-5.58	-3.75
Net Cash Flow	0.3	-0.11	0.78	-0.4	-3.85	4.16
Cash Interest Paid	6.69	6.71	6.82	5.77	3.88	2.94
Levered Free Cash Flow	13.96	11.93	9.64	3.82	7.55	5.89
Unlevered Free Cash Flow	18.5	16.51	14.42	7.94	10.48	7.93
Change in Net Working Capital	-5.66	-4.01	-0.78	2.65	-0.06	-0.63

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