Allied Properties Real Estate Investment Trust (TSX:AP.UN)

TSX:AP.UN Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-1,328	-342.53	-420.72	375.36	443.15
Depreciation & Amortization	39.64	38.51	32.96	33.63	33.47
Stock-Based Compensation	6.53	5.28	4.14	4.42	4.12
Other Adjustments	1,483	505.78	635.61	-131.13	-274.47
Changes in Other Operating Activities	53.67	-59.21	68.9	38.91	34.85
Operating Cash Flow	255.29	147.84	320.89	321.19	241.11
Operating Cash Flow Growth	72.68%	-53.93%	-0.10%	33.21%	-32.32%
Capital Expenditures	-278.17	-417.63	-528.22	-673.54	-759.26
Sale of Property, Plant & Equipment	132.76	144.37	1,277	89.69	71.59
Other Investing Activities	-63.76	-108.2	-88.98	-70.5	-53.26
Investing Cash Flow	-208.19	-381.47	659.85	-654.35	-740.92
Short-Term Debt Issued	284.58	517.72	393.29	636.03	535.59
Short-Term Debt Repaid	-672.29	-715.96	-750	-470	-155
Net Short-Term Debt Issued (Repaid)	-387.71	-198.24	-356.71	166.03	380.59
Long-Term Debt Issued	1,359	641.74	15.03	399.3	1,094
Long-Term Debt Repaid	-761.16	-49.33	-15.35	-16.93	-798.7
Net Long-Term Debt Issued (Repaid)	598.1	592.41	-0.31	382.37	295.2
Issuance of Common Stock	-	-	-	9.38	20.14
Repurchase of Common Stock	-2.04	-1.71	-2.25	-2.66	-2.14
Net Common Stock Issued (Repurchased)	-2.04	-1.71	-2.25	6.72	17.99
Common Dividends Paid	-230.32	-291.74	-229.78	-223.31	-215.92
Other Financing Activities	-2.43	-4.24	-201.6	-0.21	-1.03
Financing Cash Flow	-24.41	96.48	-790.66	331.6	476.84
Net Cash Flow	22.69	-137.15	190.08	-1.56	-22.96
Free Cash Flow	-22.88	-269.8	-207.33	-352.35	-518.15
FCF Margin	-3.86%	-45.57%	-36.76%	-67.83%	-109.59%
Free Cash Flow Per Share	-	-1.93	-1.48	-2.57	-4.07
Levered Free Cash Flow	-1,302	-386.69	-1,630	691.61	871.15
Unlevered Free Cash Flow	132.11	-109.86	-109.33	-305.8	-422.93

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.