True North Commercial Real Estate Investment Trust (TSX:TNT.UN)

TSX:TNT.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	-20.95	-40.62	16.53	51	39.75
Other Amortization	1.66	1.4	1.52	1.37	1.16
Gain (Loss) on Sale of Investments	2.11	1.16	-5.44	-3.84	4.89
Asset Writedown	43.21	80.21	41.93	-6.22	5.71
Stock-Based Compensation	0.4	-0.01	0.09	1.25	0.21
Change in Accounts Receivable	-1.69	2.74	1.06	-1.2	0.73
Change in Accounts Payable	2.51	-5.17	12.51	-4.17	3.52
Change in Other Net Operating Assets	0.58	1.08	0.07	-0.75	3.59
Other Operating Activities	47.86	33.16	35.02	39.85	31.82
Operating Cash Flow	75.67	73.94	103.27	77.31	91.38
Operating Cash Flow Growth	2.34%	-28.40%	33.58%	-15.40%	55.96%
Acquisition of Real Estate Assets	-29.84	-14.93	-72.8	-20.97	-20
Sale of Real Estate Assets	59.41	47.37	-	11.59	0.61
Net Sale / Acq. of Real Estate Assets	29.57	32.45	-72.8	-9.38	-19.39
Cash Acquisition	-	-	-	-22.36	-
Investing Cash Flow	29.57	32.45	-72.8	-31.74	-19.39
Short-Term Debt Issued	22	24.7	39.7	33.4	4.35
Long-Term Debt Issued	27.86	131.24	150.63	123.72	150.81
Total Debt Issued	49.86	155.94	190.33	157.12	155.16
Short-Term Debt Repaid	-15.43	-15.5	-25.3	-33.4	-4.35
Long-Term Debt Repaid	-89.31	-180.16	-123.14	-117.14	-132.3
Total Debt Repaid	-104.74	-195.66	-148.44	-150.54	-136.65
Net Debt Issued (Repaid)	-54.89	-39.73	41.89	6.58	18.51
Issuance of Common Stock	-	-	9.05	3.23	-
Repurchase of Common Stock	-15.91	-3.38	-	-	-
Common Dividends Paid	-	-31.15	-48.63	-47.18	-44.05
Other Financing Activities	-31.06	-32.69	-28.75	-27.31	-27.55
Net Cash Flow	3.39	-0.56	4.03	-19.1	18.91
Cash Interest Paid	31.11	32.75	28.81	27.38	27.32
Levered Free Cash Flow	17.65	46.66	-35.99	29.97	40.57
Unlevered Free Cash Flow	38.23	67.84	-20.89	45.33	61.96
Change in Net Working Capital	-0.34	-26.03	71.24	3.25	-12.86

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.