Dubai Residential REIT Cash Flow Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	3,777	2,423	2,373	2,600
Depreciation & Amortization	2.57	2.53	3.57	4.07
Other Amortization	1.53	1.53	0.56	0.7
Gain (Loss) on Sale of Assets	-1,297	0.04	-	-
Asset Writedown	-1,546	-1,546	-2,423	-1,820
Change in Accounts Receivable	-11.96	-9.83	26.05	7.44
Change in Accounts Payable	61.61	61.25	6.8	78.24
Change in Other Net Operating Assets	1,787	2,553	-536.41	-1,097
Other Operating Activities	291.16	280.76	1,078	72.01
Operating Cash Flow	3,068	3,773	550.99	-117.76
Operating Cash Flow Growth	-	584.86%	-	-
Acquisition of Real Estate Assets	-274.63	-188.58	-189.79	-225.63
Sale of Real Estate Assets	1.27	1.27	-	-
Net Sale / Acq. of Real Estate Assets	-273.36	-187.31	-189.79	-225.63
Investment in Marketable & Equity Securities	634	-506.64	-304.25	148.06
Other Investing Activities	50.31	40.73	25.52	9.24
Investing Cash Flow	413.23	-653.22	-468.51	-68.34
Long-Term Debt Issued	-	2,600	-	-
Long-Term Debt Repaid	-	-1,360	-80	-160
Net Debt Issued (Repaid)	240	1,240	-80	-160
Common Dividends Paid	-1,221	-1,221	-	-
Other Financing Activities	-2,272	-2,253	-428.1	311.62
Net Cash Flow	228.14	886.43	-425.63	-34.48
Cash Interest Paid	91.77	72.78	74.11	81.23
Levered Free Cash Flow	-	3,119	1,137	-
Unlevered Free Cash Flow	-	3,192	1,208	-
Change in Working Capital	1,836	2,604	-503.56	-1,011

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