Mori Hills REIT Investment Corporation (TYO:3234)

TYO:3234 Cash Flow Statement

Financials in millions JPY. Fiscal year is February - January.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2025	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Net Income	12,259	12,509	12,716	12,850	11,097	11,011
Depreciation & Amortization	2,135	2,141	2,180	2,177	2,165	2,098
Other Amortization	24.72	23.82	24.4	28.3	19.99	36.04
Change in Accounts Receivable	190.19	-9.08	-4.87	-42.85	84.71	66.64
Change in Accounts Payable	-33.01	2.07	38.51	-14.61	-297.81	57.63
Change in Other Net Operating Assets	1,413	1,728	3,193	3,935	429.77	-147.22
Other Operating Activities	52.14	-70.89	-15.18	3.68	104.6	3.22
Operating Cash Flow	16,041	16,323	18,133	18,936	13,603	13,125
Operating Cash Flow Growth	-10.45%	-9.98%	-4.24%	39.20%	3.64%	-1.97%
Acquisition of Real Estate Assets	-8,847	-1,055	-878.64	-831.69	-9,107	-13,172
Net Sale / Acq. of Real Estate Assets	-8,847	-1,055	-878.64	-831.69	-9,107	-13,172
Other Investing Activities	337.95	48.67	88.84	99.21	8.6	192.91
Investing Cash Flow	-8,509	-1,006	-789.8	-733.58	-9,099	-12,979
Long-Term Debt Issued	-	16,786	18,382	15,500	-	26,702
Total Debt Issued	19,572	16,786	18,382	15,500	16,456	26,702
Long-Term Debt Repaid	-	-17,800	-20,400	-15,500	-	-21,522
Total Debt Repaid	-21,334	-17,800	-20,400	-15,500	-8,500	-21,522
Net Debt Issued (Repaid)	-1,762	-1,014	-2,018	-	7,956	5,180
Issuance of Common Stock	-	-	-	-	-	5,226
Common Dividends Paid	-12,243	-12,628	-12,247	-11,414	-5,575	-10,839
Common & Preferred Dividends Paid	-	-	-	-	-5,580	-
Total Dividends Paid	-12,243	-12,628	-12,247	-11,414	-11,155	-10,839
Other Financing Activities	0	0	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	0	1	-0
Net Cash Flow	-10,473	1,674	3,078	6,788	1,306	-287.4
Cash Interest Paid	1,047	884.65	786.29	804.16	829.56	856.92
Cash Income Tax Paid	3.49	2.35	1.94	1.76	2.09	2.25
Levered Free Cash Flow	-	10,337	10,260	10,580	-	9,245
Unlevered Free Cash Flow	-	10,904	10,748	11,081	-	9,779
Change in Working Capital	1,570	1,721	3,227	3,877	216.67	-22.95

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.