TSX:REI.UN Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	69.3	473.47	38.8	236.77	598.39
Depreciation & Amortization	1.51	1.45	2.63	4.77	4.02
Stock-Based Compensation	10.2	10.39	10.15	9.06	12.55
Other Adjustments	420.08	-35.7	443.03	281.99	-144.7
Changes in Other Operating Activities	-323.9	-318.84	-109.1	-26.47	20.14
Operating Cash Flow	434.07	378.28	385.52	506.12	490.4
Operating Cash Flow Growth	14.75%	-1.88%	-23.83%	3.21%	-11.25%
Capital Expenditures	-517.72	-443.42	-467	-483	-482.38
Sale of Property, Plant & Equipment	338.53	104.12	286.54	420.97	659.98
Purchases of Investments	-20.78	-15.67	-37.17	-19.24	-
Proceeds from Sale of Investments	0.92	28.31	12.78	-	5.5
Other Investing Activities	144.39	-138.95	4.71	1.59	-88.71
Investing Cash Flow	41.11	-360.77	-200.15	-79.69	94.39
Short-Term Debt Issued	562.94	481	320.01	177.44	492.55
Short-Term Debt Repaid	-380.42	-977.52	-471.14	-323.74	-
Net Short-Term Debt Issued (Repaid)	182.52	-496.53	-151.13	-146.3	492.55
Long-Term Debt Issued	773.06	1,864	1,009	594.45	835.84
Long-Term Debt Repaid	-998.24	-968.81	-672.96	-345.64	-1,572
Net Long-Term Debt Issued (Repaid)	-225.18	895.53	335.89	248.8	-736.37
Repurchase of Common Stock	-134.93	-11.71	-8.84	-209.11	-182.17
Net Common Stock Issued (Repurchased)	-134.93	-11.71	-8.84	-209.11	-182.17
Common Dividends Paid	-340.59	-332.01	-321.41	-309.42	-317.5
Other Financing Activities	-2.2	-6.79	-1.87	-1.95	-2.01
Financing Cash Flow	-520.38	48.5	-147.37	-417.97	-745.49
Net Cash Flow	-45.2	66.01	38.01	8.47	-160.7
Free Cash Flow	-83.65	-65.14	-81.49	23.13	8.02
Free Cash Flow Growth	-	-	-	188.41%	-
FCF Margin	-5.82%	-5.26%	-7.25%	1.91%	0.68%
Free Cash Flow Per Share	-0.28	-0.22	-0.27	0.08	0.03
Levered Free Cash Flow	-813.48	111.66	-349.9	-165.42	-103.64
Unlevered Free Cash Flow	-147.78	-98.64	391.78	130.61	162.96

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