GRTUF Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Net Income	290.62	360.61	136.66	155.77	1,310	429.8
Depreciation & Amortization	1.23	1.29	1.27	1.6	1.32	1.15
Other Amortization	3.65	2.99	6.89	6.46	7.63	6.66
Gain (Loss) on Sale of Assets	-	-	1.51	0.67	0.76	0.9
Asset Writedown	67.5	-53.04	172.68	219.73	-1,299	-273.44
Stock-Based Compensation	8.36	5.36	10.21	-0.17	12.44	8.12
Change in Accounts Receivable	1.76	-5.96	-0.2	1.67	-4.12	10.14
Change in Accounts Payable	-2.22	-2.33	-1.73	-4.21	4.78	0.84
Change in Other Net Operating Assets	-1.13	0.64	-3.39	-2.27	-2.9	0.06
Other Operating Activities	3.04	29.14	-11.38	-106.46	231.09	59.46
Operating Cash Flow	374.94	338.61	313.18	277.5	262.26	249.29
Operating Cash Flow Growth	9.18%	8.12%	12.86%	5.81%	5.20%	35.91%
Acquisition of Real Estate Assets	-74.45	-52.03	-234	-760.7	-1,052	-1,111
Sale of Real Estate Assets	-	-	43.77	63.94	35.43	42.51
Net Sale / Acq. of Real Estate Assets	-74.45	-52.03	-190.23	-696.76	-1,016	-1,068
Other Investing Activities	-17.81	-13.43	-7.16	-14.02	1.28	-3.36
Investing Cash Flow	-92.25	-65.46	-128.13	-766.56	-1,025	-1,072
Long-Term Debt Issued	-	795.71	595.46	830.68	498.06	994.19
Total Debt Issued	1,278	795.71	595.46	830.68	498.06	994.19
Long-Term Debt Repaid	-	-824.69	-548.22	-264.83	-254.71	-0.64
Total Debt Repaid	-1,229	-824.69	-548.22	-264.83	-254.71	-0.64
Net Debt Issued (Repaid)	48.29	-28.97	47.25	565.86	243.35	993.55
Issuance of Common Stock	-	-	-	13.12	303.06	552.93
Repurchase of Common Stock	-146.18	-45.81	-26.99	-155.53	-	-25.02
Common Dividends Paid	-208.41	-207.85	-203.91	-202.28	-191.08	-163.06
Other Financing Activities	15.09	15.14	-19.45	-6.6	-21.86	-0.2
Foreign Exchange Rate Adjustments	2.96	4.39	-0.89	7.07	0.92	-3.09
Net Cash Flow	-5.56	10.04	-18.95	-267.43	-428.77	532.6
Cash Interest Paid	77.49	79.48	72.46	52.49	40.48	32.65
Cash Income Tax Paid	9.69	8.32	8.26	18.09	7.04	5.68
Levered Free Cash Flow	-91.56	230.7	292.75	144.22	165.89	180.95
Unlevered Free Cash Flow	-44.04	279.49	352.19	165.13	189.52	205.72
Change in Working Capital	0.55	-7.74	-4.66	-0.1	-2.05	16.64

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