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	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	8,918	8,583	10,049	9,592	9,774	7,636
Depreciation & Amortization	3,505	3,405	3,148	3,184	3,044	2,890
Other Amortization	6.93	12.83	9.39	18.77	8.36	6.56
Change in Accounts Receivable	31.37	-91.71	-66.4	-274	-577.5	11.28
Change in Accounts Payable	234.03	78.22	477.02	-20.03	572.04	77.8
Change in Other Net Operating Assets	6,685	307.06	3,348	15,522	5,479	1,603
Other Operating Activities	-141.6	-29.17	3,830	-54.35	-69.53	102.82
Operating Cash Flow	19,119	12,227	20,783	26,065	19,855	12,267
Operating Cash Flow Growth	21.60%	-41.17%	-20.27%	31.27%	61.86%	-34.36%
Acquisition of Real Estate Assets	-7,097	-39,416	-8,565	-30,260	-	-6,976
Net Sale / Acq. of Real Estate Assets	-7,097	-39,416	-8,565	-30,260	-	-6,976
Other Investing Activities	-542.7	192.92	-587.54	1,271	-	348.24
Investing Cash Flow	-7,646	-39,231	-9,154	-28,992	-	-6,627
Short-Term Debt Issued	-	9,700	-	11,000	-	5,200
Long-Term Debt Issued	-	34,300	-	23,900	-	-
Total Debt Issued	23,950	44,000	19,700	34,900	-	5,200
Short-Term Debt Repaid	-	-5,700	-	-14,200	-	-2,000
Long-Term Debt Repaid	-	-11,500	-	-21,250	-	-650
Total Debt Repaid	-23,950	-17,200	-23,500	-35,450	-	-2,650
Net Debt Issued (Repaid)	-	26,800	-3,800	-550	-	2,550
Issuance of Common Stock	-	9,516	-	12,288	-	-
Common Dividends Paid	-8,575	-8,761	-3,903	-9,802	-	-7,454
Common & Preferred Dividends Paid	-	-	-4,506	-	-	-
Total Dividends Paid	-8,575	-8,761	-8,409	-9,802	-	-7,454
Other Financing Activities	-	-17.17	-	-26.51	-	-
Miscellaneous Cash Flow Adjustments	-	-	-2	-0	-	-
Net Cash Flow	1,242	534.29	-582.14	-1,017	19,855	735.72
Cash Interest Paid	1,200	1,175	903.09	892.68	897.73	675.89
Cash Income Tax Paid	13.06	1.35	-0.69	3.79	6.78	-1.51
Levered Free Cash Flow	-	7,823	-	7,587	10,475	7,095
Unlevered Free Cash Flow	-	8,539	-	8,111	10,996	7,579
Change in Working Capital	6,828	255.26	3,746	13,324	7,099	1,631

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.