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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-107.53	-64.29	-114.23	116.42	96.14	118.66
Other Amortization	1.23	1.23	1.17	1.11	0.87	0.89
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.51
Gain (Loss) on Sale of Investments	4.46	7.13	7.87	-22.84	-0.42	-
Asset Writedown	26.78	-62.02	230.23	89.99	-194.58	-46.01
Stock-Based Compensation	0.87	0	-1.22	-1.59	0.76	0.4
Change in Accounts Receivable	2.98	-0.5	-0.47	-0.34	-0.13	-0.83
Change in Accounts Payable	-4.21	-0.89	-0.71	-8.42	0.73	-2.08
Change in Other Net Operating Assets	11.05	0.49	-1.99	11.86	5.52	12.38
Other Operating Activities	92.48	171.6	-66.6	-127.3	144.81	-32.07
Operating Cash Flow	27.62	54.88	55.21	58.84	54.12	41.26
Operating Cash Flow Growth	-52.46%	-0.60%	-6.16%	8.71%	31.18%	79.28%
Acquisition of Real Estate Assets	-6.3	-10.79	-19.98	-113.01	-191.06	-93.28
Sale of Real Estate Assets	1,206	892.03	5.19	0.88	0.31	16.39
Net Sale / Acq. of Real Estate Assets	1,200	881.24	-14.79	-112.13	-190.75	-76.88
Other Investing Activities	-	-	-	-0.88	-0.47	-1.51
Investing Cash Flow	1,200	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	-778.49	-665.56	-104.6	-130.97	-104.3	-77.86
Net Debt Issued (Repaid)	-747.29	-649.16	3.57	95.39	172.69	73.37
Issuance of Common Stock	-	-	-	0.08	-	-
Common Dividends Paid	-99.41	-101.93	-8.66	-8.05	-8.05	-8.78
Other Financing Activities	-294.37	-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	2.58	0.88	-4	0.54	-0.37	-3.25
Cash Interest Paid	292.59	181.13	38.38	31.76	26.9	27.12
Levered Free Cash Flow	551.73	-143.45	12.39	26.96	20.95	13.24
Unlevered Free Cash Flow	734.35	-26.98	41.23	32.13	37.01	29.15
Change in Working Capital	9.33	1.23	-2.01	3.05	6.55	-1.12

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