Fair Value REIT-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	-1.31	0.25	-7.52	-6.47	13.49	Upgrade
Depreciation & Amortization	0	0.69	0.67	0.67	0.19	Upgrade
Gain (Loss) on Sale of Assets	0.11	0	-	-	-2.13	Upgrade
Asset Writedown	10.71	10.69	24.94	10.07	-6.45	Upgrade
Change in Accounts Receivable	-0.31	-0.71	-0.37	7.15	-1.38	Upgrade
Change in Accounts Payable	-0.01	-0.5	0.16	-0.42	-0.52	Upgrade
Change in Other Net Operating Assets	-0.89	-0.76	-0.51	-0.71	-0.01	Upgrade
Other Operating Activities	-0.02	-0.05	-0	-0.07	0	Upgrade
Operating Cash Flow	10.77	11.34	12.28	9.45	10.17	Upgrade
Operating Cash Flow Growth	-4.95%	-7.66%	29.93%	-7.10%	2.66%	Upgrade
Acquisition of Real Estate Assets	-2.89	-8.74	-1.29	-3.72	-10.21	Upgrade
Sale of Real Estate Assets	3.5	3.8	-	-	15.98	Upgrade
Net Sale / Acq. of Real Estate Assets	0.61	-4.94	-1.29	-3.72	5.77	Upgrade
Investing Cash Flow	0.61	-4.94	-1.29	-3.72	5.77	Upgrade
Long-Term Debt Issued	34	-	-	-	2.7	Upgrade
Long-Term Debt Repaid	-34.36	-2.92	-3.47	-5.25	-2.65	Upgrade
Net Debt Issued (Repaid)	-0.36	-2.92	-3.47	-5.25	0.06	Upgrade
Common Dividends Paid	-3.79	-3.51	-5.19	-5.47	-3.79	Upgrade
Other Financing Activities	-2.74	-2.23	-2.63	-1.92	-2.21	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	0	-	Upgrade
Net Cash Flow	4.5	-2.26	-0.3	-6.91	9.99	Upgrade
Cash Interest Paid	1.4	1.2	1.14	1.13	1.13	Upgrade
Levered Free Cash Flow	4.68	8.18	8.72	1	7.21	Upgrade
Unlevered Free Cash Flow	5.58	8.95	9.46	1.77	7.93	Upgrade
Change in Working Capital	-1.21	-1.97	-0.72	6.03	-1.91	Upgrade

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