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
Other Amortization	5.87	5.95	5.16	5.31	5.47
Gain (Loss) on Sale of Assets	5.72	0.01	1.33	1.08	0.01
Gain (Loss) on Sale of Investments	-	-6.65	0.76	3.78	-
Asset Writedown	137.36	29.35	450.41	241.13	-124.05
Stock-Based Compensation	10.2	10.39	10.15	9.06	12.55
Income (Loss) on Equity Investments	236.93	-38.51	-18.38	-2.35	-19.19
Change in Accounts Receivable	-51.28	-41.95	0.97	16.59	-71.9
Change in Accounts Payable	-4.4	41.22	-6.34	-20.09	122.76
Change in Other Net Operating Assets	-0.18	3.91	-1.89	2.87	3.02
Other Operating Activities	-20.1	-25.86	3.75	33.04	-6.93
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%
Acquisition of Real Estate Assets	-421.95	-338.58	-467	-483	-482.38
Sale of Real Estate Assets	338.53	104.12	286.54	420.97	659.98
Net Sale / Acq. of Real Estate Assets	-83.42	-234.46	-180.46	-62.03	177.6
Investment in Marketable & Equity Securities	-20.9	35.34	-15.48	-21.49	-81.55
Investing Cash Flow	41.11	-360.77	-200.15	-79.69	94.39
Long-Term Debt Issued	1,336	2,345	1,329	771.88	1,328
Long-Term Debt Repaid	-1,381	-1,953	-1,146	-671.33	-1,574
Net Debt Issued (Repaid)	-44.87	392.21	182.89	100.55	-245.82
Repurchase of Common Stock	-134.93	-11.71	-8.84	-209.11	-182.17
Common Dividends Paid	-340.59	-332.01	-321.41	-309.42	-317.5
Total Dividends Paid	-340.59	-332.01	-321.41	-309.42	-317.5
Net Cash Flow	-45.2	66.01	38.01	8.47	-160.7
Cash Interest Paid	302.59	272.95	235.88	220.72	214.11
Levered Free Cash Flow	126.62	338.93	336.79	291.89	470.27
Unlevered Free Cash Flow	294.43	493.95	462.22	399.3	572
Change in Working Capital	-67.01	-71.32	-109.1	-26.47	20.14

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