Comforia Residential REIT Cash Flow Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Net Income	9,372	9,091	8,330	7,767	8,618	7,419
Depreciation & Amortization	3,290	3,219	3,103	2,937	2,802	2,741
Other Amortization	38.12	39.17	41.1	38.26	44.21	20.77
Change in Accounts Receivable	0.19	-0.72	1.74	1.41	-1.96	0.7
Change in Accounts Payable	77.34	-5.95	57.01	23.96	45.72	234.15
Change in Other Net Operating Assets	2,022	2,110	566.6	513.32	2,167	-130.73
Other Operating Activities	348.7	376.71	354.05	314.67	303.3	1,987
Operating Cash Flow	15,148	14,830	12,454	11,596	13,978	12,272
Operating Cash Flow Growth	16.42%	19.08%	7.40%	-17.04%	13.90%	-4.41%
Acquisition of Real Estate Assets	-27,502	-24,688	-25,949	-23,832	-13,177	-29,008
Net Sale / Acq. of Real Estate Assets	-27,502	-24,688	-25,949	-23,832	-13,177	-29,008
Other Investing Activities	185.75	76.62	153.67	256.01	12.86	202.85
Investing Cash Flow	-27,324	-24,616	-26,960	-24,322	-13,167	-28,805
Short-Term Debt Issued	-	11,298	4,799	2,999	-	-
Long-Term Debt Issued	-	25,305	26,453	25,335	26,013	-
Total Debt Issued	43,174	36,603	31,252	28,334	26,013	23,576
Short-Term Debt Repaid	-	-7,799	-2,999	-	-	-
Long-Term Debt Repaid	-	-18,930	-18,720	-15,360	-26,345	-
Total Debt Repaid	-27,659	-26,729	-21,719	-15,360	-26,345	-6,000
Net Debt Issued (Repaid)	15,515	9,874	9,533	12,974	-331.57	17,576
Issuance of Common Stock	6,462	6,462	12,184	6,932	5,823	9,875
Common Dividends Paid	-8,913	-8,611	-8,070	-7,650	-7,703	-6,958
Other Financing Activities	-23.71	-25.73	-25.18	-25.15	-23.72	-23.03
Miscellaneous Cash Flow Adjustments	0	0	-	-0	0	-1
Net Cash Flow	864.47	-2,087	-883.64	-496.03	-1,424	3,935
Cash Interest Paid	1,324	1,146	1,012	880.92	831.74	786.7
Cash Income Tax Paid	20.38	19.28	17.06	36.15	26.9	10.94
Levered Free Cash Flow	8,718	9,049	6,876	7,303	8,154	-
Unlevered Free Cash Flow	9,540	9,760	7,507	7,848	8,667	-
Change in Working Capital	2,099	2,103	625.35	538.69	2,210	104.12

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