PSP Swiss Property AG Cash Flow Statement

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

Millions CHF. 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	408.47	374.95	207.6	329.96	595.02
Depreciation & Amortization	1.06	0.94	1.19	1.3	0.84
Other Amortization	0.54	0.01	-	0.39	0.92
Gain (Loss) on Sale of Assets	-7.71	-14.09	-0.91	0.45	-9.46
Asset Writedown	-231.12	-170.97	161.26	-124.89	-464.92
Stock-Based Compensation	0.79	1.96	1.65	1.91	1.48
Income (Loss) on Equity Investments	-	-	-	-0	-
Change in Accounts Receivable	6.87	0.8	-0.96	-0.69	13.83
Change in Accounts Payable	5.32	1.43	4.51	-2.73	0.97
Change in Other Net Operating Assets	0.71	-3.78	1.81	-0.33	20.94
Other Operating Activities	67.15	37.44	-127.68	45.63	109.91
Operating Cash Flow	227.22	212.96	276.9	316.44	297.5
Operating Cash Flow Growth	6.70%	-23.09%	-12.50%	6.37%	41.82%
Acquisition of Real Estate Assets	-67.13	-150.97	-357.22	-281.94	-158.16
Sale of Real Estate Assets	22.77	112.43	3	58.86	51.89
Net Sale / Acq. of Real Estate Assets	-44.36	-38.54	-354.22	-223.08	-106.27
Other Investing Activities	-0	-	-	0	-
Investing Cash Flow	-43.58	-38.14	-353.61	-222.14	-105.04
Long-Term Debt Issued	580.19	715.69	1,205	1,015	815.92
Long-Term Debt Repaid	-595.19	-795.19	-830.18	-935.18	-850.28
Net Debt Issued (Repaid)	-15	-79.49	375.01	80.12	-34.36
Repurchase of Common Stock	-0.83	-1.89	-1.62	-1.98	-1.51
Common Dividends Paid	-178.87	-176.57	-174.28	-171.99	-167.4
Other Financing Activities	-0.57	-1.58	-1.46	-0.09	-1.14
Miscellaneous Cash Flow Adjustments	-	-0	-	-0	-
Net Cash Flow	-11.62	-84.71	120.94	0.36	-11.96
Cash Interest Paid	36.66	34.21	20.87	13.05	13.26
Cash Income Tax Paid	27.34	37.15	31.82	-	26.56
Levered Free Cash Flow	49.61	153.08	187.75	255.54	229.1
Unlevered Free Cash Flow	71.32	174.74	202.66	262.69	236.07
Change in Working Capital	-11.96	-17.29	33.79	61.71	63.7

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