European Residential Real Estate Investment Trust (TSX:ERE.UN)

TSX:ERE.UN Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-124.28	-64.29	-114.23	116.42	96.14	118.66
Other Amortization	1.19	1.23	1.17	1.11	0.87	0.89
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.51
Gain (Loss) on Sale of Investments	7.7	7.13	7.87	-22.84	-0.42	-
Asset Writedown	-44.31	-62.02	230.23	89.99	-194.58	-46.01
Stock-Based Compensation	0.56	0	-1.22	-1.59	0.76	0.4
Change in Accounts Receivable	-1.25	-0.5	-0.47	-0.34	-0.13	-0.83
Change in Accounts Payable	-4.75	-0.89	-0.71	-8.42	0.73	-2.08
Change in Other Net Operating Assets	2.73	0.49	-1.99	11.86	5.52	12.38
Other Operating Activities	200.56	171.6	-66.6	-127.3	144.81	-32.07
Operating Cash Flow	43.66	54.88	55.21	58.84	54.12	41.26
Operating Cash Flow Growth	-25.67%	-0.60%	-6.16%	8.71%	31.18%	79.28%
Acquisition of Real Estate Assets	-8.93	-10.79	-19.98	-113.01	-191.06	-93.28
Sale of Real Estate Assets	966.82	892.03	5.19	0.88	0.31	16.39
Net Sale / Acq. of Real Estate Assets	957.89	881.24	-14.79	-112.13	-190.75	-76.88
Other Investing Activities	-	-	-	-0.88	-0.47	-1.51
Investing Cash Flow	957.89	881.24	-14.79	-113.01	-191.22	-78.39
Long-Term Debt Issued	-	16.4	108.17	226.36	276.99	151.23
Long-Term Debt Repaid	-	-665.56	-104.6	-130.97	-104.3	-77.86
Total Debt Repaid	-760.74	-665.56	-104.6	-130.97	-104.3	-77.86
Net Debt Issued (Repaid)	-722.34	-649.16	3.57	95.39	172.69	73.37
Issuance of Common Stock	-	-	-	0.08	-	-
Common Dividends Paid	-101.42	-101.93	-8.66	-8.05	-8.05	-8.78
Other Financing Activities	-179.51	-184.15	-39.33	-32.69	-27.92	-28.05
Foreign Exchange Rate Adjustments	-0.01	-0.01	0.01	-0.01	0	-2.66
Net Cash Flow	-1.74	0.88	-4	0.54	-0.37	-3.25
Cash Interest Paid	176.46	181.13	38.38	31.76	26.9	27.12
Levered Free Cash Flow	-89	-143.45	12.39	26.96	20.95	13.24
Unlevered Free Cash Flow	24.04	-26.98	41.23	32.13	37.01	29.15
Change in Net Working Capital	10.4	67.12	-0.39	4.35	-5.12	-1.14

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