FRA:STG 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	8.16	5.25	6.3	5.12	4.54	Upgrade
Depreciation & Amortization	8.47	8.75	9.09	8.9	8.13	Upgrade
Gain (Loss) on Sale of Assets	-0.38	-0.02	-1.23	-0.01	-0.02	Upgrade
Gain (Loss) on Sale of Investments	-	-	-0.08	-1.13	-1.13	Upgrade
Change in Other Net Operating Assets	1.03	0.11	-0.44	-4.37	-2.63	Upgrade
Other Operating Activities	-1.28	3.24	2.94	2.55	1.52	Upgrade
Operating Cash Flow	16	17.33	16.58	11.06	10.42	Upgrade
Operating Cash Flow Growth	-7.68%	4.57%	49.83%	6.19%	61.05%	Upgrade
Acquisition of Real Estate Assets	-3.57	-4.46	-5.03	-56.31	-20.04	Upgrade
Sale of Real Estate Assets	0.52	0.02	4.3	1.17	0.09	Upgrade
Net Sale / Acq. of Real Estate Assets	-3.04	-4.44	-0.73	-55.14	-19.94	Upgrade
Cash Acquisition	-	-	-12.74	-	-	Upgrade
Other Investing Activities	0.22	0.33	0.14	0.05	0.02	Upgrade
Investing Cash Flow	-2.82	-4.11	-13.34	-55.09	-19.92	Upgrade
Long-Term Debt Issued	13.93	1.4	9.63	54.3	19.07	Upgrade
Long-Term Debt Repaid	-7.15	-6	-4.31	-4.69	-2.39	Upgrade
Net Debt Issued (Repaid)	6.78	-4.6	5.33	49.62	16.68	Upgrade
Common Dividends Paid	-7.15	-7.15	-6.25	-6.25	-5.36	Upgrade
Other Financing Activities	-3.32	-2.99	-3.08	-2.01	-2.01	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	0.29	-	-	Upgrade
Net Cash Flow	9.5	-1.5	-0.48	-2.67	-0.2	Upgrade
Cash Interest Paid	3.29	2.96	3.06	1.98	1.98	Upgrade
Cash Income Tax Paid	1.39	0.78	1.09	0.83	-	Upgrade
Levered Free Cash Flow	8.44	7.9	7.1	-48.49	-10.57	Upgrade
Unlevered Free Cash Flow	10.49	9.75	9.01	-47.25	-9.33	Upgrade
Change in Working Capital	1.03	0.11	-0.44	-4.37	-2.63	Upgrade

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