Advance Terrafund REIT Cash Flow Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	7.06	1.45	10.04	102.86	52.39	Upgrade
Other Operating Activities	-0.76	1.32	-3.05	-88.41	-1.43	Upgrade
Operating Cash Flow	6.31	2.77	6.99	14.45	50.96	Upgrade
Operating Cash Flow Growth	127.85%	-60.42%	-51.62%	-71.64%	404.74%	Upgrade
Common Dividends Paid	-8.08	-16.79	-20.26	-44.14	-9.1	Upgrade
Other Financing Activities	-0	-0.28	-0.33	-0.72	-0.15	Upgrade
Net Cash Flow	-1.77	-14.3	-13.6	-30.4	41.71	Upgrade
Levered Free Cash Flow	-10.69	-4.48	17.75	-31.79	45.84	Upgrade
Unlevered Free Cash Flow	-10.69	-4.48	17.75	-31.79	45.85	Upgrade

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