AREIT, Inc. (PSE:AREIT)

AREIT Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	9,539	7,317	5,031	2,888	2,433
Depreciation & Amortization	0.33	0.29	0.22	0.09	0.04
Gain (Loss) on Sale of Assets	6.2	-	-	-	-
Asset Writedown	-108.68	43.37	-99.25	548.95	-164.5
Change in Accounts Receivable	344.39	-88.17	-834.38	-340.42	-683.38
Change in Accounts Payable	1,141	851.79	961.19	534.46	15.79
Change in Other Net Operating Assets	575.56	82.85	1,464	94.41	489.3
Other Operating Activities	-1,864	-908.08	15.37	208.37	120.06
Operating Cash Flow	9,633	7,299	6,538	3,933	2,211
Operating Cash Flow Growth	31.98%	11.64%	66.21%	77.94%	44.73%
Acquisition of Real Estate Assets	-235.57	-1,348	-201.85	-81.84	-5,019
Sale of Real Estate Assets	0.66	38.99	-	-	-
Net Sale / Acq. of Real Estate Assets	-234.91	-1,309	-201.85	-81.84	-5,019
Other Investing Activities	-1,269	1,221	-1,735	-181.2	881.9
Investing Cash Flow	-1,504	-88.24	-1,937	-263.05	-4,138
Short-Term Debt Issued	-	-	3,000	300	34,380
Long-Term Debt Issued	-	-	-	-	2,957
Total Debt Issued	-	-	3,000	300	37,337
Short-Term Debt Repaid	-	-1,000	-3,300	-890	-33,490
Long-Term Debt Repaid	-53.75	-55.23	-53.9	-49.23	-37.18
Total Debt Repaid	-53.75	-1,055	-3,354	-939.23	-33,527
Net Debt Issued (Repaid)	-53.75	-1,055	-353.9	-639.23	3,810
Common Dividends Paid	-7,921	-5,817	-4,068	-2,912	-1,733
Total Dividends Paid	-7,921	-5,817	-4,068	-2,912	-1,733
Other Financing Activities	-187.41	-308.94	-200.56	-148.21	-116.91
Net Cash Flow	-33.02	29.41	-20.99	-29.26	33.03
Cash Interest Paid	107.06	167.04	94.84	100.26	81.04
Cash Income Tax Paid	1.49	3.11	1.07	0.12	0.05
Levered Free Cash Flow	4,312	5,043	1,814	1,810	3,071
Unlevered Free Cash Flow	4,483	5,242	1,962	1,954	3,177
Change in Working Capital	2,061	846.47	1,591	288.45	-178.28

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