National Storage REIT Cash Flow Statement

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	27.5	29	37.3	27.22	3.73
Depreciation & Amortization	2.9	2.7	2.83	3.18	2.35
Gain (Loss) on Sale of Assets	10.2	9.7	8.49	7	4.13
Gain (Loss) on Sale of Investments	-8	-	-2.05	-	-
Asset Writedown	-113.7	-94.2	-194.32	-516.95	-235.79
Restructuring Activities	-	3.5	-	-	-
Stock-Based Compensation	1.2	1.2	1.5	2.56	-
Income (Loss) on Equity Investments	-0.7	-0.2	0.02	-1.74	0.57
Change in Accounts Receivable	3.4	-2.2	1.98	-3.44	0.94
Change in Other Net Operating Assets	0.1	-7.8	2.13	8.88	11.14
Other Operating Activities	294.3	242.9	331.22	638.17	344.63
Operating Cash Flow	218.6	184.4	188.31	165.75	135.16
Operating Cash Flow Growth	18.55%	-2.08%	13.61%	22.63%	51.05%
Acquisition of Real Estate Assets	-608.5	-465.6	-344.46	-279.21	-428.94
Sale of Real Estate Assets	318.9	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-289.6	-465.6	-344.46	-279.21	-428.94
Investment in Marketable & Equity Securities	-199	1.3	1.52	-0.91	-
Other Investing Activities	6.6	-2	1.15	-	-
Investing Cash Flow	-485.2	-466.8	-342.79	-281.25	-429.74
Long-Term Debt Issued	1,259	738.4	798.4	1,231	391.06
Long-Term Debt Repaid	-787.9	-301	-843.98	-1,026	-323.51
Net Debt Issued (Repaid)	470.9	437.4	-45.57	204.72	67.56
Issuance of Common Stock	-	-	340.36	-	325.47
Common Dividends Paid	-104.8	-102.4	-104.89	-76.78	-63.17
Other Financing Activities	-89.2	-64.7	-51.81	-24.59	-29.77
Foreign Exchange Rate Adjustments	-	-	0.06	-0.12	0.05
Net Cash Flow	10.3	-12.1	-16.32	-12.26	5.56
Cash Interest Paid	89.1	64.7	46.6	24.51	21.47
Cash Income Tax Paid	13.9	19.9	13.33	0.81	0.54
Levered Free Cash Flow	255.7	-36.12	108.46	106.87	89.96
Unlevered Free Cash Flow	292.76	-5.75	135.08	122.07	107.2
Change in Working Capital	4.9	-10.2	3.31	6.32	15.54

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