TSX:SRU.UN Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	365.01	251.82	236.76	413.7	516.05	827.98
Depreciation & Amortization	6.26	6.24	7.36	10.64	10.31	12.46
Other Amortization	4.18	4.18	4.01	3.75	3.61	3.83
Gain (Loss) on Sale of Assets	-0.01	-0.01	0.12	-0.04	-0.32	-0.03
Gain (Loss) on Sale of Investments	-	-	-	-	-42.04	-0.91
Asset Writedown	-96.25	44.7	69.23	-101.79	-201.83	-491.53
Stock-Based Compensation	22.52	23.13	24.61	21.98	9.23	27.47
Income (Loss) on Equity Investments	-0.31	0.89	-13.21	-69	0.59	-207.35
Change in Accounts Receivable	-14.6	-16.33	-2.83	-16.49	-7.58	9.1
Change in Accounts Payable	-9.31	-0.49	4.24	8.77	8.07	1.18
Change in Other Net Operating Assets	24.85	25.89	22.85	13.81	-9.73	-2.35
Other Operating Activities	73.64	47.71	34.39	60.79	83.19	160.45
Operating Cash Flow	372.15	377.44	374.21	330.85	370.76	371.62
Operating Cash Flow Growth	-3.65%	0.86%	13.10%	-10.76%	-0.23%	25.56%
Acquisition of Real Estate Assets	-168.96	-176.4	-158.89	-132.31	-261.04	-407.74
Sale of Real Estate Assets	3.04	5.74	16.61	48.69	41.82	81.4
Net Sale / Acq. of Real Estate Assets	-165.92	-170.66	-142.28	-83.62	-219.21	-326.34
Investment in Marketable & Equity Securities	-4.46	-11.18	-10.05	-39.37	-22.77	-25.87
Other Investing Activities	-	-	-	-	50.28	-50.28
Investing Cash Flow	-184.88	-186.2	-155.53	1.53	-121.39	-413.17
Short-Term Debt Issued	-	-	-	-	-	300
Long-Term Debt Issued	-	1,337	574.46	582.72	1,092	68.53
Total Debt Issued	1,082	1,337	574.46	582.72	1,092	368.53
Long-Term Debt Repaid	-	-1,184	-460.16	-585.63	-1,049	-736.76
Total Debt Repaid	-931.12	-1,184	-460.16	-585.63	-1,049	-736.76
Net Debt Issued (Repaid)	150.92	152.9	114.29	-2.91	43.22	-368.23
Common Dividends Paid	-267.69	-267.68	-267.63	-267.56	-267.56	-267.55
Other Financing Activities	-62.62	-62.6	-62.39	-62.41	-52.01	-55.03
Net Cash Flow	7.88	13.86	2.95	-0.51	-26.98	-732.36
Cash Interest Paid	160.26	157.05	152.95	151.2	139.69	150.55
Levered Free Cash Flow	302.9	252.37	296.32	535.96	194.81	376.13
Unlevered Free Cash Flow	418.72	366.39	406.74	634.55	257.87	462.08
Change in Working Capital	-2.88	-1.23	10.93	-9.18	-8.02	39.24

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