Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)

TSX:MRG.UN Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	101.86	176.34	219.28	242.09	175.22
Other Amortization	4.83	4.64	4.72	4.35	4.22
Asset Writedown	-60.37	-81	-208.25	-288.66	-72.24
Income (Loss) on Equity Investments	-12.38	-1.99	-2.03	-2.41	11.65
Change in Accounts Receivable	-2.49	2.69	-3.81	-1.56	-2.37
Change in Accounts Payable	16.72	0.56	4.36	5.72	-5.9
Change in Other Net Operating Assets	0.78	-1.24	-0.89	2.58	-3.78
Other Operating Activities	48.56	-11.03	61.79	101.58	-56.68
Operating Cash Flow	97.5	88.97	75.17	63.7	50.13
Operating Cash Flow Growth	9.60%	18.35%	18.02%	27.07%	-19.77%
Acquisition of Real Estate Assets	-59.4	-209.01	-261.92	-30.01	-28.06
Sale of Real Estate Assets	-	-	250.86	-	-
Net Sale / Acq. of Real Estate Assets	-59.4	-209.01	-11.06	-30.01	-28.06
Investment in Marketable & Equity Securities	-	-	-	-1.29	-
Investing Cash Flow	-59.4	-209.01	-11.06	-31.3	-28.06
Long-Term Debt Issued	318.97	240.9	212.63	194.21	25.15
Total Debt Issued	318.97	240.9	212.63	194.21	25.15
Long-Term Debt Repaid	-172.84	-224.8	-175.89	-113.69	-33.24
Total Debt Repaid	-172.84	-224.8	-175.89	-113.69	-33.24
Net Debt Issued (Repaid)	146.13	16.1	36.74	80.52	-8.09
Repurchase of Common Stock	-26.29	-23.53	-	-	-
Common Dividends Paid	-26.81	-26.95	-26.67	-26.56	-26.66
Other Financing Activities	-99.77	155.22	-88.96	-87.01	23.17
Foreign Exchange Rate Adjustments	2.08	2.4	2.84	-0.09	-0.94
Net Cash Flow	33.43	3.19	-11.93	-0.74	9.56
Cash Interest Paid	64.24	58.36	49.01	44.94	47.76
Levered Free Cash Flow	-16.66	222.95	-36.28	-28.42	41.77
Unlevered Free Cash Flow	30.89	265.84	0.07	9.59	77.33
Change in Net Working Capital	72.24	-163.18	87.27	65.31	-7.35

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