PSP Swiss Property AG Cash Flow Statement

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

Millions CHF. 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	408.49	374.95	207.6	329.96	595.02	292.09
Depreciation & Amortization	1.04	0.94	1.19	1.3	0.84	0.77
Other Amortization	-	-	-	0.39	0.92	0.92
Gain (Loss) on Sale of Assets	-10.51	-14.09	-0.91	0.45	-9.46	-
Asset Writedown	-222.98	-170.97	161.26	-124.89	-464.92	-101.58
Stock-Based Compensation	0.79	1.96	1.65	1.91	1.48	2.03
Income (Loss) on Equity Investments	-	-	-	-0	-	-0
Change in Accounts Receivable	6.18	0.8	-0.96	-0.69	13.83	-16.59
Change in Accounts Payable	7.35	1.43	4.51	-2.73	0.97	3.53
Change in Other Net Operating Assets	-0.9	-3.78	1.81	-0.33	20.94	-2.51
Other Operating Activities	56.86	37.45	-127.68	45.63	109.91	27.29
Operating Cash Flow	237.94	212.96	276.9	316.44	297.5	209.77
Operating Cash Flow Growth	5.73%	-23.09%	-12.50%	6.37%	41.82%	-13.30%
Acquisition of Real Estate Assets	-88.22	-150.97	-357.22	-281.94	-158.16	-495.38
Sale of Real Estate Assets	53.4	112.43	3	58.86	51.89	3.18
Net Sale / Acq. of Real Estate Assets	-34.82	-38.54	-354.22	-223.08	-106.27	-492.2
Other Investing Activities	-0	-	-	0	-	-
Investing Cash Flow	-34.45	-38.14	-353.61	-222.14	-105.04	-490.96
Long-Term Debt Issued	-	715.69	1,205	1,015	815.92	1,613
Long-Term Debt Repaid	-	-795.19	-830.18	-935.18	-850.28	-1,151
Net Debt Issued (Repaid)	55	-79.49	375.01	80.12	-34.36	462.4
Repurchase of Common Stock	-0.83	-1.89	-1.62	-1.98	-1.51	-2.39
Common Dividends Paid	-178.87	-176.57	-174.28	-171.99	-167.4	-165.11
Other Financing Activities	-0.57	-1.58	-1.46	-0.09	-1.14	-1.05
Miscellaneous Cash Flow Adjustments	0	-0	-	-0	-	-
Net Cash Flow	78.23	-84.71	120.94	0.36	-11.96	12.66
Cash Interest Paid	36.18	34.21	20.87	13.05	13.26	17.55
Cash Income Tax Paid	32.06	37.15	31.82	-	26.56	31.32
Levered Free Cash Flow	67.3	153.07	187.75	255.54	229.1	96.52
Unlevered Free Cash Flow	89.61	174.74	202.66	262.69	236.07	104.75
Change in Working Capital	4.25	-17.29	33.79	61.71	63.7	-11.75

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