Bravo Property Fund 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 - 2017
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 - 2017
Net Income	0.44	2.15	6.23	3.4	1.15	Upgrade
Other Operating Activities	3.45	2.01	-3.39	0.53	1.46	Upgrade
Operating Cash Flow	3.89	4.17	2.83	3.93	2.61	Upgrade
Operating Cash Flow Growth	-6.63%	47.00%	-27.82%	50.54%	-38.95%	Upgrade
Acquisition of Real Estate Assets	-0.16	-0.93	-	-	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-0.16	-0.93	-	-	-	Upgrade
Investment in Marketable & Equity Securities	-11.44	-	-	-	-	Upgrade
Other Investing Activities	-0.3	-	-	-	-	Upgrade
Investing Cash Flow	-11.89	-0.93	-	-	-	Upgrade
Long-Term Debt Issued	13.69	26.21	-	-	-	Upgrade
Total Debt Issued	13.69	26.21	-	-	-	Upgrade
Long-Term Debt Repaid	-0.86	-26.34	-0.9	-0.9	-0.9	Upgrade
Total Debt Repaid	-0.86	-26.34	-0.9	-0.9	-0.9	Upgrade
Net Debt Issued (Repaid)	12.84	-0.14	-0.9	-0.9	-0.9	Upgrade
Common Dividends Paid	-1.84	-1.32	-3.44	-1.24	-2.06	Upgrade
Other Financing Activities	-1.58	-1.33	-0.86	-0.9	-0.94	Upgrade
Net Cash Flow	1.42	0.45	-2.37	0.88	-1.29	Upgrade
Cash Interest Paid	1.58	1.33	0.86	0.9	0.94	Upgrade
Cash Income Tax Paid	1.2	1.37	0.97	0.72	0.71	Upgrade
Levered Free Cash Flow	1.87	-0.68	1.39	2.46	0.22	Upgrade
Unlevered Free Cash Flow	2.94	0.11	1.96	3.05	0.83	Upgrade

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