Tosei Reit Investment Cash Flow Statement

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

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2024	FY 2024	FY 2023	FY 2023	FY 2023	2022 - 2018
Period Ending	Oct '24 Oct 31, 2024	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Oct '23 Oct 31, 2023	Apr '23 Apr 30, 2023	2022 - 2018
Net Income	2,832	2,774	2,664	2,704	2,664	Upgrade
Depreciation & Amortization	942	910	852	876	852	Upgrade
Change in Accounts Receivable	-18	-	-2	8	-2	Upgrade
Change in Accounts Payable	62	-24	-98	8	-98	Upgrade
Other Operating Activities	332	62	88	258	88	Upgrade
Operating Cash Flow	4,150	3,722	3,504	3,854	3,504	Upgrade
Operating Cash Flow Growth	11.50%	6.22%	-9.08%	9.99%	-13.40%	Upgrade
Acquisition of Real Estate Assets	-536	-8,450	-2,188	-618	-2,188	Upgrade
Net Sale / Acq. of Real Estate Assets	-536	-8,450	-2,188	-618	-2,188	Upgrade
Other Investing Activities	-12	108	96	-10	96	Upgrade
Investing Cash Flow	-548	-8,342	-2,092	-628	-2,092	Upgrade
Total Debt Issued	-	3,080	1,468	-	1,468	Upgrade
Total Debt Repaid	-134	-	-	-904	-	Upgrade
Net Debt Issued (Repaid)	-134	3,080	1,468	-904	1,468	Upgrade
Issuance of Common Stock	-	3,266	-	784	-	Upgrade
Common & Preferred Dividends Paid	-2,772	-2,702	-2,630	-2,662	-2,630	Upgrade
Total Dividends Paid	-2,772	-2,702	-2,630	-2,662	-2,630	Upgrade
Other Financing Activities	-	-	2	2	2	Upgrade
Miscellaneous Cash Flow Adjustments	-2	2	-	-2	-	Upgrade
Net Cash Flow	694	-974	252	444	252	Upgrade
Cash Interest Paid	446	426	402	418	402	Upgrade
Cash Income Tax Paid	2	-	-	-	-	Upgrade
Levered Free Cash Flow	1,962	-6,145	436	1,822	436	Upgrade
Unlevered Free Cash Flow	2,353	-5,769	799.75	2,194	799.75	Upgrade
Change in Net Working Capital	223	349	-97	134	-97	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.