Grand City Properties Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	584.83	238.99	-513.81	153.96	548.56	395.07
Depreciation & Amortization	6.18	6.31	9.32	10.49	8.24	5.04
Gain (Loss) on Sale of Assets	5.53	5.53	8.64	-2.72	-63.69	-53.68
Gain (Loss) on Sale of Investments	-3.88	-3.88	67.02	115.93	122.55	19.88
Asset Writedown	-400.93	-49.56	881.38	-115.04	-631.15	-289.73
Stock-Based Compensation	2.25	2.33	1.86	2.57	3.16	1.56
Income (Loss) on Equity Investments	-	-	-	-	-3.95	-3.57
Change in Other Net Operating Assets	-19.28	-9.9	-38.01	-61.13	-44.83	-29.44
Other Operating Activities	101.81	94.63	-166.99	112.06	278.17	197.03
Operating Cash Flow	276.5	284.46	249.41	216.12	217.06	242.15
Operating Cash Flow Growth	-0.36%	14.06%	15.40%	-0.43%	-10.36%	-2.94%
Acquisition of Real Estate Assets	-204.15	-111.95	-117.36	-263.59	-484.01	-512.51
Sale of Real Estate Assets	61.07	77.45	166.29	18.48	14.99	12.85
Net Sale / Acq. of Real Estate Assets	-143.08	-34.5	48.93	-245.11	-469.02	-499.66
Investment in Marketable & Equity Securities	113.08	86.52	98.94	78.62	275.23	107.99
Investing Cash Flow	-30	52.02	147.8	-167.69	-198.46	-391.67
Long-Term Debt Issued	-	549.76	583.86	-	1,149	587.72
Long-Term Debt Repaid	-	-512.24	-87.75	-486.33	-1,220	-28.31
Net Debt Issued (Repaid)	-240.8	37.53	496.11	-486.33	-70.69	559.41
Issuance of Common Stock	43.48	43.48	-	-	17.1	206.93
Repurchase of Common Stock	-45.92	-93.76	-24.75	-24.75	-379.67	-
Common Dividends Paid	-	-	-	-56.34	-53.72	-71.01
Other Financing Activities	-66.3	-80.62	-66.06	-49.34	-50.21	-44.7
Foreign Exchange Rate Adjustments	-0.48	0.95	-0.03	-1.06	2.09	-3.13
Miscellaneous Cash Flow Adjustments	0.49	-0.38	1.76	-1.16	-0.22	0.17
Net Cash Flow	-63.02	243.68	804.24	-570.55	-516.71	498.15
Cash Interest Paid	65.01	65.01	49.04	47.34	49.79	-
Cash Income Tax Paid	42.21	40.65	32.23	30.85	36.7	28.18
Levered Free Cash Flow	88.33	175.49	313.38	14.61	194.31	4.88
Unlevered Free Cash Flow	128.01	212.27	348.89	43.93	223.35	37.86
Change in Working Capital	-19.28	-9.9	-38.01	-61.13	-44.83	-29.44

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