NTT UD REIT Investment Corporation (TYO:8956)

NTT UD REIT Investment Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Net Income	-	8,583	10,049	9,592	9,774
Depreciation & Amortization	-	3,405	3,148	3,184	3,044
Other Amortization	-	12.83	9.39	18.77	8.36
Change in Accounts Receivable	-	-91.71	-66.4	-274	-577.5
Change in Accounts Payable	-	78.22	477.02	-20.03	572.04
Change in Other Net Operating Assets	-	307.06	3,348	15,522	5,479
Other Operating Activities	-	-29.17	3,830	-54.35	-69.53
Operating Cash Flow	-	12,227	20,783	26,065	19,855
Operating Cash Flow Growth	-	-41.17%	-20.27%	31.27%	61.86%
Acquisition of Real Estate Assets	-	-39,416	-8,565	-30,260	-
Net Sale / Acq. of Real Estate Assets	-	-39,416	-8,565	-30,260	-
Other Investing Activities	-	192.92	-587.54	1,271	-
Investing Cash Flow	-	-39,231	-9,154	-28,992	-
Short-Term Debt Issued	-	9,700	-	11,000	-
Long-Term Debt Issued	-	34,300	-	23,900	-
Total Debt Issued	-	44,000	19,700	34,900	-
Short-Term Debt Repaid	-	-5,700	-	-14,200	-
Long-Term Debt Repaid	-	-11,500	-	-21,250	-
Total Debt Repaid	-	-17,200	-23,500	-35,450	-
Net Debt Issued (Repaid)	-	26,800	-3,800	-550	-
Issuance of Common Stock	-	9,516	-	12,288	-
Common Dividends Paid	-	-8,761	-8,409	-9,802	-
Other Financing Activities	-	-17.17	-	-26.51	-
Miscellaneous Cash Flow Adjustments	-	-	-2	-0	-
Net Cash Flow	-	534.29	-582.14	-1,017	19,855
Cash Interest Paid	-	1,175	903.09	892.68	897.73
Cash Income Tax Paid	-	1.35	-0.69	3.79	6.78
Levered Free Cash Flow	-	7,823	-	7,587	10,475
Unlevered Free Cash Flow	-	8,539	-	8,111	10,996
Change in Working Capital	-	255.26	3,746	13,324	7,099

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