Vastned Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	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	2019 - 2015
Net Income	-10.52	-19.26	31.35	14.41	-41.34	Upgrade
Gain (Loss) on Sale of Assets	-0.24	-0.31	-0.64	-0.23	-1.5	Upgrade
Asset Writedown	15.66	47.49	19.46	26.53	84.39	Upgrade
Change in Other Net Operating Assets	0.08	1.2	0.36	6.61	-7.07	Upgrade
Other Operating Activities	21.38	13.44	-11.19	-3.02	-5.92	Upgrade
Operating Cash Flow	26.37	42.56	39.34	44.28	28.57	Upgrade
Operating Cash Flow Growth	-38.04%	8.20%	-11.17%	55.00%	-25.20%	Upgrade
Acquisition of Real Estate Assets	-14.87	-3.49	-4.98	-2.46	-3.13	Upgrade
Sale of Real Estate Assets	138.42	3.22	2.45	18.04	12.5	Upgrade
Net Sale / Acq. of Real Estate Assets	123.55	-0.27	-2.53	15.58	9.37	Upgrade
Investing Cash Flow	123.55	-0.27	-2.53	15.58	9.37	Upgrade
Long-Term Debt Issued	144.93	18.59	0.06	-	44.2	Upgrade
Long-Term Debt Repaid	-235.83	-25.26	-2.99	-17.58	-62.87	Upgrade
Net Debt Issued (Repaid)	-90.9	-6.67	-2.93	-17.58	-18.67	Upgrade
Common Dividends Paid	-51.11	-31.39	-30.7	-38.77	-14.58	Upgrade
Other Financing Activities	-8.06	-3.94	-3.23	-3.62	-4.78	Upgrade
Net Cash Flow	-0.15	0.29	-0.05	-0.1	-0.09	Upgrade
Cash Interest Paid	18.09	14.84	11.46	11.59	13.23	Upgrade
Cash Income Tax Paid	-0.09	1.27	1.66	0.68	0.75	Upgrade
Levered Free Cash Flow	24.36	-1.09	34.17	38.24	7.42	Upgrade
Unlevered Free Cash Flow	38.57	14.23	31.48	45.68	16.93	Upgrade
Change in Working Capital	0.08	1.2	0.36	6.61	-7.07	Upgrade

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