Deutsche Real Estate AG Cash Flow Statement

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

Millions EUR. 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	26.54	3.24	-43.33	-14.77	21.26	Upgrade
Depreciation & Amortization	0.14	0.14	0.2	0.21	0.21	Upgrade
Asset Writedown	4.39	13.13	65.4	30.51	-11.22	Upgrade
Change in Other Net Operating Assets	0.29	0.41	-0.17	-2.49	-0.61	Upgrade
Other Operating Activities	-14.05	2.62	-17.51	-9.99	-0.79	Upgrade
Operating Cash Flow	17.31	19.55	4.6	3.47	8.86	Upgrade
Operating Cash Flow Growth	-11.43%	325.26%	32.56%	-60.85%	-30.17%	Upgrade
Acquisition of Real Estate Assets	-48.71	-4.23	-6.51	-4.16	-10.67	Upgrade
Sale of Real Estate Assets	-	-	-	-	3.1	Upgrade
Net Sale / Acq. of Real Estate Assets	-48.71	-4.23	-6.51	-4.16	-7.57	Upgrade
Investment in Marketable & Equity Securities	-	-0.01	-	-	-	Upgrade
Other Investing Activities	1.34	2.73	1.52	0.39	0.72	Upgrade
Investing Cash Flow	-47.38	-1.51	-4.99	-3.77	-6.85	Upgrade
Long-Term Debt Issued	-	-	30	-	-	Upgrade
Long-Term Debt Repaid	-1.3	-1.25	-0.83	-0.61	-0.6	Upgrade
Net Debt Issued (Repaid)	-1.3	-1.25	29.18	-0.61	-0.6	Upgrade
Common Dividends Paid	-0.82	-0.82	-	-0.82	-0.82	Upgrade
Other Financing Activities	-1.59	-1.63	-1	-0.28	-0.29	Upgrade
Miscellaneous Cash Flow Adjustments	-	0.49	-0.14	1.82	-4	Upgrade
Net Cash Flow	-33.77	14.82	27.64	-0.2	-3.71	Upgrade
Cash Interest Paid	1.59	1.63	0.76	0.28	0.29	Upgrade
Cash Income Tax Paid	0.15	0.27	0.5	0.1	0.06	Upgrade
Levered Free Cash Flow	11.72	13.3	-1.24	1.15	22.32	Upgrade
Unlevered Free Cash Flow	12.78	14.46	-0.76	1.34	22.54	Upgrade
Change in Working Capital	0.29	0.41	-0.17	-2.49	-0.61	Upgrade

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