Tosei Reit Investment Corporation (TYO:3451)

Tosei Reit Investment Cash Flow Statement

Financials in millions JPY. Fiscal year is November - October.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Apr 30, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Net Income	2,852	2,803	2,684	2,603	2,617	2,503
Depreciation & Amortization	944	926	864	832	759	700
Change in Accounts Receivable	-9	-9	3	-2	-7	1
Change in Accounts Payable	24	19	-45	71	-36	62
Other Operating Activities	196	197	173	224	1,085	267
Operating Cash Flow	4,007	3,936	3,679	3,728	4,418	3,533
Operating Cash Flow Growth	5.78%	6.99%	-1.31%	-15.62%	25.05%	-5.89%
Acquisition of Real Estate Assets	-456	-4,493	-1,403	-6,511	-3,493	-14,020
Net Sale / Acq. of Real Estate Assets	-456	-4,493	-1,403	-6,511	-3,493	-14,020
Other Investing Activities	60	48	43	205	-5	399
Investing Cash Flow	-396	-4,445	-1,360	-6,306	-3,498	-13,621
Total Debt Issued	-	1,540	734	2,294	3,876	6,111
Total Debt Repaid	-162	-67	-452	-61	-1,057	-60
Net Debt Issued (Repaid)	-162	1,473	282	2,233	2,819	6,051
Issuance of Common Stock	-	1,633	392	2,861	-	7,472
Common & Preferred Dividends Paid	-2,801	-2,737	-2,646	-2,526	-2,534	-2,283
Total Dividends Paid	-2,801	-2,737	-2,646	-2,526	-2,534	-2,283
Other Financing Activities	-	-	2	1	-2	-1
Miscellaneous Cash Flow Adjustments	-2	-	-1	-	1	1
Net Cash Flow	646	-140	348	-9	1,204	1,152
Cash Interest Paid	457	436	410	395	367	334
Cash Income Tax Paid	2	1	-	-	37	-
Levered Free Cash Flow	-	-2,029	1,013	-4,330	-1,401	-12,204
Unlevered Free Cash Flow	-	-1,645	1,381	-3,966	-1,057	-11,887
Change in Working Capital	15	10	-42	69	-43	63

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