Highlands REIT Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-11.43	-11.1	-1.01	-10.3	-7.66	-13.05
Depreciation & Amortization	11.81	11.76	11.84	10.75	10.39	10.5
Other Amortization	0.49	0.55	0.72	0.46	0.16	0.45
Gain (Loss) on Sale of Assets	-	-	-6.87	-	0.01	-
Asset Writedown	-	-	-	-	-	1.41
Stock-Based Compensation	2.6	2.6	1.44	1.54	1.47	3.85
Change in Accounts Receivable	-0.38	-0.11	0.27	0.72	-0.69	0.49
Change in Accounts Payable	-0.81	-0.69	-2.48	-0.79	1.56	-3.43
Change in Other Net Operating Assets	0.06	-0.55	-0.32	0.6	0.09	0.3
Other Operating Activities	-1.03	-1.05	-0.93	-0.7	-2.83	-0.31
Operating Cash Flow	1.31	1.42	2.67	2.27	2.49	0.22
Operating Cash Flow Growth	-48.89%	-46.95%	17.63%	-8.98%	1048.85%	-
Acquisition of Real Estate Assets	-4.19	-9.37	-5.65	-30.29	-2.62	-7.72
Sale of Real Estate Assets	-	-	20.07	-	8.94	-
Net Sale / Acq. of Real Estate Assets	-4.19	-9.37	14.43	-30.29	6.31	-7.72
Investing Cash Flow	-4.29	-9.72	13.84	-31.25	4.67	-9.04
Long-Term Debt Issued	-	-	-	67.45	9.27	-
Long-Term Debt Repaid	-	-0.98	-0.93	-18.25	-9.68	-21.08
Net Debt Issued (Repaid)	-0.99	-0.98	-0.93	49.2	-0.41	-21.08
Repurchase of Common Stock	-3.06	-3.06	-0.83	-25.89	-0.62	-1.73
Other Financing Activities	-0.15	-0.15	-0	-2.77	-0.22	-
Net Cash Flow	-7.17	-12.49	14.74	-8.43	5.91	-31.63
Cash Interest Paid	6.59	6.64	6.93	4.27	2.53	2.87
Levered Free Cash Flow	-2.08	-4.69	-3.4	-1.79	4.36	-3.75
Unlevered Free Cash Flow	1.85	-0.74	0.65	0.94	5.87	-2.16
Change in Working Capital	-1.13	-1.34	-2.53	0.53	0.96	-2.64