Prime US REIT Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	2.71	8.05	-115.84	-26.92	68.19	23.21
Other Amortization	4.95	2.97	1.51	1.82	1.55	1.13
Gain (Loss) on Sale of Assets	2.63	2.63	-	-	-	-
Asset Writedown	8.12	15.06	161.21	143.73	17.2	28.94
Stock-Based Compensation	-	-	-	6.3	6.17	6.51
Change in Accounts Receivable	0.07	-0.16	0.13	-0.38	-0.59	0.34
Change in Accounts Payable	-0.92	0.13	-0.44	0.15	0.77	0.97
Change in Other Net Operating Assets	0.27	0.4	0.73	0	-1.29	1.01
Other Operating Activities	48.03	41.71	37.75	-33.55	0.47	25.87
Operating Cash Flow	68.08	72.19	85.63	89.18	95.69	89.85
Operating Cash Flow Growth	-13.66%	-15.69%	-3.98%	-6.80%	6.49%	-15.72%
Acquisition of Real Estate Assets	-37.41	-38.2	-24.43	-30.12	-260.36	-175.93
Net Sale / Acq. of Real Estate Assets	-37.41	-38.2	-24.43	-30.12	-260.36	-175.93
Investment in Marketable & Equity Securities	75.37	75.37	-	-	-	-
Other Investing Activities	0.65	0.67	0.09	0.01	0	0
Investing Cash Flow	38.62	37.85	-24.34	-30.11	-260.36	-175.92
Long-Term Debt Issued	-	536.8	150	121.5	355.58	150.5
Total Debt Issued	541.8	536.8	150	121.5	355.58	150.5
Long-Term Debt Repaid	-	-584.06	-120.2	-86.5	-206.6	-103.5
Total Debt Repaid	-602.74	-584.06	-120.2	-86.5	-206.6	-103.5
Net Debt Issued (Repaid)	-60.94	-47.26	29.8	35	148.98	47
Issuance of Common Stock	-	-	-	-	80	120
Common Dividends Paid	-3.79	-5.33	-64.3	-76.85	-69.44	-65
Preferred Dividends Paid	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02
Total Dividends Paid	-3.81	-5.34	-64.32	-76.87	-69.46	-65.02
Other Financing Activities	-45.74	-41.7	-26.61	-19.47	-18.38	-16.4
Foreign Exchange Rate Adjustments	0.04	-0	0.01	-0.03	-0.04	0.07
Net Cash Flow	-3.75	15.73	0.18	-2.29	-23.57	-0.42
Cash Interest Paid	36.38	32.34	26.14	19.25	15.03	13.57
Cash Income Tax Paid	0.13	0.13	0.04	0.04	0.04	0.04
Levered Free Cash Flow	105.89	26.42	33.32	71.28	68.55	41.5
Unlevered Free Cash Flow	133.57	50.92	56.36	59.46	67.32	59.72
Change in Working Capital	1.62	1.78	1	-2.78	1.72	3.75

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