Prime US REIT Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	20.33	8.05	-115.84	-26.92	68.19
Other Amortization	5.43	2.97	1.51	1.82	1.55
Gain (Loss) on Sale of Assets	-	2.63	-	-	-
Asset Writedown	-7.44	15.06	161.21	143.73	17.2
Stock-Based Compensation	-	-	-	6.3	6.17
Change in Accounts Receivable	-0.25	-0.16	0.13	-0.38	-0.59
Change in Accounts Payable	0.37	0.13	-0.44	0.15	0.77
Change in Other Net Operating Assets	-0.19	0.4	0.73	0	-1.29
Other Operating Activities	45.4	41.31	37.83	-33.55	0.47
Operating Cash Flow	63.48	72.19	85.63	89.18	95.69
Operating Cash Flow Growth	-12.07%	-15.69%	-3.98%	-6.80%	6.49%
Acquisition of Real Estate Assets	-37.48	-38.2	-24.43	-30.12	-260.36
Sale of Real Estate Assets	-	75.37	-	-	-
Net Sale / Acq. of Real Estate Assets	-37.48	37.18	-24.43	-30.12	-260.36
Other Investing Activities	0.13	0.67	0.09	0.01	0
Investing Cash Flow	-37.35	37.85	-24.34	-30.11	-260.36
Long-Term Debt Issued	79.6	536.8	150	121.5	355.58
Total Debt Issued	79.6	536.8	150	121.5	355.58
Long-Term Debt Repaid	-82.69	-584.06	-120.2	-86.5	-206.6
Total Debt Repaid	-82.69	-584.06	-120.2	-86.5	-206.6
Net Debt Issued (Repaid)	-3.09	-47.26	29.8	35	148.98
Issuance of Common Stock	25	-	-	-	80
Common Dividends Paid	-6.15	-5.33	-64.3	-76.85	-69.44
Preferred Dividends Paid	-0.02	-0.02	-0.02	-0.02	-0.02
Total Dividends Paid	-6.17	-5.34	-64.32	-76.87	-69.46
Other Financing Activities	-38.35	-41.7	-26.61	-19.47	-18.38
Foreign Exchange Rate Adjustments	0.02	-0	0.01	-0.03	-0.04
Net Cash Flow	3.55	15.73	0.18	-2.29	-23.57
Cash Interest Paid	36.08	32.34	26.14	19.25	15.03
Cash Income Tax Paid	0.19	0.13	0.04	0.04	0.04
Levered Free Cash Flow	17.11	26.42	33.32	71.28	68.55
Unlevered Free Cash Flow	42.32	50.92	56.36	59.46	67.32
Change in Working Capital	-0.37	1.78	1	-2.78	1.72

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.