Al Rajhi REIT Fund (TADAWUL: 4340)

Al Rajhi REIT Fund Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	75.55	75.55	113.41	-175.08	12.45	56.1
Depreciation & Amortization	38.27	38.27	29.93	28.6	29.21	17.93
Gain (Loss) on Sale of Investments	-3.26	-3.26	-1.77	-0.47	-1.21	-1.18
Asset Writedown	5.69	5.69	-29.7	227.07	64.9	-
Change in Accounts Receivable	-37.21	-37.21	-6.67	-10.76	-68.3	-1.92
Change in Other Net Operating Assets	10.42	10.42	0.34	-0.24	36.58	-42.34
Other Operating Activities	-	-	-	-	-	0
Operating Cash Flow	85.88	85.88	94.91	79.7	90.17	26.5
Operating Cash Flow Growth	-9.51%	-9.51%	19.08%	-11.62%	240.27%	-75.71%
Acquisition of Real Estate Assets	-1,003	-1,003	-98.75	-2.36	-0.23	-420.81
Net Sale / Acq. of Real Estate Assets	-1,003	-1,003	-98.75	-2.36	-0.23	-420.81
Investment in Marketable & Equity Securities	30.48	30.48	-18.68	-1.54	-23.57	20.53
Investing Cash Flow	-972.24	-972.24	-117.43	-3.9	-23.8	-400.29
Long-Term Debt Issued	-	-	105.15	-	0	334.34
Total Debt Issued	-	-	105.15	-	0	334.34
Net Debt Issued (Repaid)	-	-	105.15	-	0	334.34
Issuance of Common Stock	1,011	1,011	-	-	-	116.62
Common Dividends Paid	-124.23	-124.23	-82.63	-75.79	-66.37	-77.05
Net Cash Flow	-	-	-	-	-	0.12
Levered Free Cash Flow	67.36	67.36	81.37	72.62	113.47	-34.21
Unlevered Free Cash Flow	99.96	99.96	101.8	85.76	130.04	-22.1
Change in Net Working Capital	21.65	21.65	0.86	-14.42	-36.85	86.4

Source: S&P Capital IQ. Real Estate template. Financial Sources.