Tokyu REIT, Inc. (TYO:8957)

Tokyu REIT Cash Flow Statement

Financials in millions JPY. Fiscal year is August - July.

Fiscal Year	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2024	Jan 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Net Income	9,162	8,672	11,146	11,412	7,624
Depreciation & Amortization	1,900	1,910	1,817	1,775	2,023
Other Amortization	8	3	5	4	5
Gain (Loss) on Sale of Assets	11	3	3	16	7
Change in Accounts Receivable	-9	-41	-60	-31	76
Change in Accounts Payable	156	-317	-43	95	53
Change in Other Net Operating Assets	3,068	1,900	6,188	40,252	1,805
Other Operating Activities	59	793	-117	-31	11
Operating Cash Flow	13,778	13,494	19,542	53,140	11,766
Operating Cash Flow Growth	2.10%	-30.95%	-63.23%	351.64%	-8.83%
Acquisition of Real Estate Assets	-17,921	-1,110	-21,415	-29,466	-20,989
Net Sale / Acq. of Real Estate Assets	-17,921	-1,110	-21,415	-29,466	-20,989
Other Investing Activities	622	69	1,150	-1,486	704
Investing Cash Flow	-17,299	-1,041	-20,265	-30,952	-20,285
Short-Term Debt Issued	7,000	-	1,000	6,200	23,600
Long-Term Debt Issued	10,500	-	21,665	17,000	17,781
Total Debt Issued	17,500	6,000	22,665	23,200	41,381
Short-Term Debt Repaid	-	-	-1,000	-17,400	-12,400
Long-Term Debt Repaid	-10,500	-	-10,200	-18,400	-15,400
Total Debt Repaid	-10,500	-6,000	-11,200	-35,800	-27,800
Net Debt Issued (Repaid)	7,000	-	11,465	-12,600	13,581
Common Dividends Paid	-7,330	-3,948	-7,863	-7,399	-7,145
Common & Preferred Dividends Paid	-	-3,665	-	-	-
Total Dividends Paid	-7,330	-7,613	-7,863	-7,399	-7,145
Other Financing Activities	-	-	-	-	-1
Miscellaneous Cash Flow Adjustments	-4	-2	-	2	-
Net Cash Flow	-3,855	4,838	2,879	2,191	-2,084
Cash Interest Paid	807	800	766	783	852
Cash Income Tax Paid	-	-	1	-	-
Levered Free Cash Flow	5,450	-	6,033	4,084	-
Unlevered Free Cash Flow	5,954	-	6,510	4,553	-
Change in Net Working Capital	1,716	-132	-852	653	-320

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