Lendlease Global Commercial REIT (SGX:JYEU)

Veren Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net Income	70.75	77.24	118.47	152.68	-1.34
Depreciation & Amortization	2.19	1.15	0.03	-	-
Other Amortization	11.56	11.97	12.5	7.19	5.2
Gain (Loss) on Sale of Investments	-0.05	-0.22	0.49	0.23	0.94
Asset Writedown	-46.83	-2.9	-39.16	-49.12	31.28
Stock-Based Compensation	24.07	24.71	23.98	10.68	8.53
Income (Loss) on Equity Investments	0.3	-0.59	-1.05	-5.32	-
Change in Accounts Receivable	5.47	-4.14	14.51	-4.35	9.68
Change in Accounts Payable	5.31	-6.07	3.01	33.28	-1.86
Change in Other Net Operating Assets	-1.46	-30.17	-1.48	-4.31	1.9
Other Operating Activities	91.35	57.82	42.71	-45.74	12.17
Operating Cash Flow	162.65	128.81	174.01	95.23	66.51
Operating Cash Flow Growth	26.27%	-25.98%	82.73%	43.19%	159.08%
Acquisition of Real Estate Assets	-15.24	-7.65	-6.64	-1,883	-1.46
Net Sale / Acq. of Real Estate Assets	-15.24	-7.65	-6.64	-1,883	-1.46
Cash Acquisition	-	-	-0.14	-158.01	-
Investment in Marketable & Equity Securities	0.15	-	-86.21	-170.22	-45.53
Other Investing Activities	3.93	8.12	7.37	363.98	-0.29
Investing Cash Flow	-11.16	0.48	-85.79	-1,847	-47.29
Long-Term Debt Issued	586	530.06	220.22	1,221	-
Total Debt Issued	586	530.06	220.22	1,221	-
Long-Term Debt Repaid	-500.57	-510.37	-153.67	-255.34	-
Net Debt Issued (Repaid)	85.43	19.68	66.55	965.66	-
Issuance of Common Stock	120	-	-	848.82	200
Repurchase of Common Stock	-200	-	-	-	-
Common Dividends Paid	-91	-112.5	-86.83	-78.13	-48.15
Other Financing Activities	-59.44	-56.45	-62.79	-182.92	-6.03
Foreign Exchange Rate Adjustments	1	-0.12	-0.16	-1.44	0.54
Net Cash Flow	7.47	-20.1	4.99	-200.03	165.59
Cash Interest Paid	52.39	54.38	37.93	7.04	4.4
Levered Free Cash Flow	94.82	76.45	111.9	61.87	47.77
Unlevered Free Cash Flow	124.61	107.1	123.49	64.72	48.84
Change in Working Capital	9.31	-40.38	16.04	24.62	9.72

Updated Feb 3, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.