TLV:RLRE Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	201.47	154.73	107.85	44.9
Depreciation & Amortization	0.64	0.46	0.5	0.25
Gain (Loss) on Sale of Investments	-96.41	-23.44	28.51	161.3
Asset Writedown	-85.74	-104.78	-62.89	-68.22
Income (Loss) on Equity Investments	-36.72	-24.16	-45.12	-59.69
Change in Accounts Receivable	-26.33	-25.08	-2.11	-2.49
Change in Accounts Payable	-5.5	0.09	-0.63	1.96
Change in Other Net Operating Assets	11.35	1.05	3.84	2.78
Other Operating Activities	8.53	6.27	0.13	-3.49
Operating Cash Flow	-83.95	-54.83	-67.35	-13.39
Acquisition of Real Estate Assets	-223.37	-115.79	-106.22	-78.9
Sale of Real Estate Assets	0.41	-	1	20.01
Net Sale / Acq. of Real Estate Assets	-222.96	-115.79	-105.22	-58.89
Investment in Marketable & Equity Securities	3.91	16.91	45.62	-36.64
Other Investing Activities	11.64	0.65	4.02	-36.04
Investing Cash Flow	-209.29	-95.87	-55.35	-131.48
Short-Term Debt Issued	-	59.92	45.1	75.94
Long-Term Debt Issued	-	30.86	24.37	54.2
Total Debt Issued	241.64	90.77	69.47	130.14
Short-Term Debt Repaid	-	-	-0	-
Long-Term Debt Repaid	-	-29.66	-17.41	-4.74
Total Debt Repaid	-30.93	-29.66	-17.42	-4.74
Net Debt Issued (Repaid)	210.71	61.11	52.05	125.4
Issuance of Common Stock	3.45	3.45	-	2.95
Repurchase of Common Stock	-5.14	-	-2.47	-
Common Dividends Paid	-	-	-	-6.32
Other Financing Activities	77.44	85.02	46.37	27.06
Net Cash Flow	-6.78	-1.12	-26.75	4.24
Cash Income Tax Paid	1.95	1.95	2.89	3.69
Levered Free Cash Flow	-	-35.67	-	-
Unlevered Free Cash Flow	-	-24.45	-	-
Change in Working Capital	-75.72	-63.91	-96.32	-88.44

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