Plaza Retail REIT 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	38.85	25.05	20.19	53.89	99.62	-14.91
Other Amortization	0.64	0.66	0.68	0.65	0.6	0.73
Asset Writedown	-1.49	11.2	20.77	-7.41	-57.62	47.58
Stock-Based Compensation	0.19	0.2	-	0.07	0.12	0.14
Income (Loss) on Equity Investments	-3.66	-3.14	-2.52	-2.13	-2.13	3.04
Change in Accounts Receivable	0.54	1.7	-0.97	0.56	3.24	-3.46
Change in Accounts Payable	3.73	-5.15	3.75	-0.42	4.92	-2.53
Change in Other Net Operating Assets	-2.31	4.41	-0.66	-1.8	-3.15	1.42
Other Operating Activities	4.99	4.94	1.06	-4.95	2.28	-0.25
Operating Cash Flow	41.49	39.86	42.29	38.47	47.87	31.77
Operating Cash Flow Growth	3.19%	-5.74%	9.94%	-19.64%	50.68%	-25.51%
Acquisition of Real Estate Assets	-36.3	-25.34	-53.12	-50.26	-32.97	-36.39
Sale of Real Estate Assets	25.86	29.29	46.96	12.35	13.1	10.51
Net Sale / Acq. of Real Estate Assets	-10.44	3.95	-6.16	-37.91	-19.87	-25.88
Cash Acquisition	-1.2	-1.22	-0.21	-0.17	-1.26	-
Investment in Marketable & Equity Securities	-	-	-0.86	-0.37	-0.32	-3.48
Other Investing Activities	1.84	2.78	-2.67	-2.73	-0.59	1.27
Investing Cash Flow	-9.73	5.34	-10	-41.13	-21.95	-27.77
Short-Term Debt Issued	-	0.02	0	-	-	-
Long-Term Debt Issued	-	99.89	74.21	116.99	107.34	76.88
Total Debt Issued	77.88	99.91	74.22	116.99	107.34	76.88
Short-Term Debt Repaid	-	-	-	-0.02	-0.02	-0.22
Long-Term Debt Repaid	-	-87.07	-105.36	-86.45	-104.61	-69.04
Total Debt Repaid	-74.45	-87.07	-105.36	-86.47	-104.63	-69.26
Net Debt Issued (Repaid)	3.43	12.84	-31.15	30.52	2.71	7.62
Issuance of Common Stock	0.11	0.11	-	-	-	-
Repurchase of Common Stock	-	-0.02	-0.11	-0.08	-0.12	-1.46
Common Dividends Paid	-30.91	-30.9	-30.3	-28.5	-28.5	-28.51
Other Financing Activities	-9.33	-5.33	21.33	-4.56	-0.09	1.71
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-0.05
Net Cash Flow	-4.94	21.91	-7.94	-5.29	-0.07	-16.68
Cash Interest Paid	30.42	29.72	28.17	27.54	27.26	27.34
Cash Income Tax Paid	0.26	0.4	0.13	0.09	-0.04	0.54
Levered Free Cash Flow	10.74	23.52	42.55	8.22	38.87	8.39
Unlevered Free Cash Flow	30.31	42.96	60.55	22.59	54.19	27.9
Change in Working Capital	1.97	0.96	2.12	-1.66	5.01	-4.57

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.