Minto Apartment Real Estate Investment Trust (TSX:MI.UN)

TSX:MI.UN Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	63.82	63.24	-116.66	225.4	94.16	179.64
Other Amortization	1.32	1.27	1.22	0.94	0.64	0.55
Gain (Loss) on Sale of Assets	0.6	0.62	1.4	-	-	-
Gain (Loss) on Sale of Investments	1.32	1.25	0.75	-2.39	-1.63	2.43
Asset Writedown	3.02	61.28	101.63	18.83	-89.19	-78.7
Stock-Based Compensation	-0.81	-1.59	0.6	-2.25	0.14	-0.25
Change in Accounts Receivable	-0.62	-0.17	0.08	-1.2	-0.01	-0.22
Change in Accounts Payable	2.52	2.65	-0.31	4.76	1.73	-4.4
Change in Other Net Operating Assets	0.16	-0.53	1.33	-2.89	0.12	0.89
Other Operating Activities	23.14	-32.14	102.93	-158.7	66.15	-30.08
Operating Cash Flow	93.9	95.87	92.97	82.5	72.12	69.86
Operating Cash Flow Growth	-0.78%	3.12%	12.69%	14.39%	3.24%	29.77%
Acquisition of Real Estate Assets	-87.57	-80.32	-69.23	-95.51	-134.92	-30.83
Sale of Real Estate Assets	67.82	84.35	9.9	-	-	-
Net Sale / Acq. of Real Estate Assets	-19.75	4.03	-59.33	-95.51	-134.92	-30.83
Other Investing Activities	34.33	12.25	-27.6	-30.17	-18.2	-20.41
Investing Cash Flow	12.99	16.28	-86.93	-125.69	-153.11	-51.24
Long-Term Debt Issued	-	120.35	324.27	148.03	69.36	225.58
Total Debt Issued	158.1	120.35	324.27	148.03	69.36	225.58
Long-Term Debt Repaid	-	-152.36	-267.48	-35.71	-18.22	-186.84
Total Debt Repaid	-146.74	-152.36	-267.48	-35.71	-18.22	-186.84
Net Debt Issued (Repaid)	11.36	-32.01	56.8	112.32	51.14	38.74
Issuance of Common Stock	-	-	25.77	-	82.73	-
Repurchase of Common Stock	-40.32	-4.74	-	-2.76	-	-
Common Dividends Paid	-20.13	-20.2	-19.6	-19.06	-16.86	-16.14
Other Financing Activities	-58.24	-53.07	-70.59	-44.84	-35.77	-40.54
Net Cash Flow	-0.44	2.14	-1.58	2.47	0.24	0.68
Cash Interest Paid	52.39	48.57	56.61	44.77	35.55	35.42
Levered Free Cash Flow	51.35	54.58	-92.22	-8.12	5	-4.56
Unlevered Free Cash Flow	82.32	85.64	-58.29	17.78	25.89	19.03
Change in Working Capital	2.06	1.95	1.1	0.67	1.84	-3.73

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