Fukuoka REIT Cash Flow Statement

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

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	8,064	8,025	6,255	5,839	5,622	5,495
Depreciation & Amortization	3,411	3,282	3,221	3,031	3,001	3,176
Other Amortization	2.01	2.01	1.66	3.98	3.27	8.04
Gain (Loss) on Sale of Assets	-1,514	-1,866	-432.7	-547.76	-	-104.25
Change in Accounts Receivable	-237.22	-311.22	-283.99	-2.75	-195.36	450.91
Change in Accounts Payable	73.2	149.2	417.36	90.39	43.82	44.81
Change in Other Net Operating Assets	583.98	-502.03	-513.14	196.56	-613.87	1,030
Other Operating Activities	76.58	114.58	11.85	16.56	-1.84	-2.23
Operating Cash Flow	10,460	8,894	8,678	8,627	7,859	10,099
Operating Cash Flow Growth	13.64%	2.49%	0.58%	9.78%	-22.18%	35.80%
Acquisition of Real Estate Assets	-16,901	-16,479	-16,245	-5,156	-6,439	-9,607
Sale of Real Estate Assets	2,341	3,666	815.52	1,904	-	7,608
Net Sale / Acq. of Real Estate Assets	-14,560	-12,813	-15,429	-3,252	-6,439	-1,998
Investment in Marketable & Equity Securities	-167.45	-0.45	-	-	-	-
Other Investing Activities	205.23	99.23	912.95	-302.24	282.35	-270.31
Investing Cash Flow	-14,522	-12,716	-14,517	-3,554	-6,157	-2,269
Short-Term Debt Issued	-	-	-	3,000	4,000	-
Long-Term Debt Issued	-	3,900	-	8,450	7,500	6,300
Total Debt Issued	6,400	3,900	38,300	11,450	11,500	6,300
Short-Term Debt Repaid	-	-	-	-3,000	-4,000	-
Long-Term Debt Repaid	-	-3,900	-	-5,900	-6,000	-6,300
Total Debt Repaid	-6,400	-3,900	-28,400	-8,900	-10,000	-6,300
Net Debt Issued (Repaid)	-	-	9,900	2,550	1,500	-
Issuance of Common Stock	10,326	10,326	-	-	-	-
Repurchase of Common Stock	-500.4	-500.4	-	-	-	-
Common Dividends Paid	-7,222	-6,635	-6,016	-5,652	-5,631	-5,261
Other Financing Activities	-10,325	-11.72	-0	-	-	-
Miscellaneous Cash Flow Adjustments	-2	-	-1	-0	0	0
Net Cash Flow	-11,786	-643.96	-1,957	1,971	-2,429	2,569
Cash Interest Paid	745.94	712.94	637.15	555.86	549.72	568.6
Cash Income Tax Paid	2.39	4.39	3.87	2.06	2.62	2.82
Levered Free Cash Flow	-	-	-	6,840	5,680	8,800
Unlevered Free Cash Flow	-	-	-	7,188	6,023	9,155
Change in Working Capital	419.96	-664.04	-379.76	284.21	-765.41	1,526

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