GSW Immobilien 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 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Net Income	-	-	471.37	484.13	517.66	Upgrade
Depreciation & Amortization	-	-	7.97	7.99	3.96	Upgrade
Other Amortization	-	-	14	4.1	13.1	Upgrade
Gain (Loss) on Sale of Assets	-	-	-1.11	-0.39	-21.75	Upgrade
Asset Writedown	-	-	-552.09	-555.43	-518.58	Upgrade
Change in Other Net Operating Assets	-	-	8.39	-5.57	-15.56	Upgrade
Other Operating Activities	-	-	235.46	221.45	138.54	Upgrade
Operating Cash Flow	-	-	184.11	156.25	118.2	Upgrade
Operating Cash Flow Growth	-	-	17.83%	32.19%	-21.77%	Upgrade
Acquisition of Real Estate Assets	-	-	-206.84	-385.94	-151.13	Upgrade
Sale of Real Estate Assets	-	-	52.79	371.96	49.55	Upgrade
Net Sale / Acq. of Real Estate Assets	-	-	-154.06	-13.98	-101.57	Upgrade
Other Investing Activities	-	-	-6.29	-45.74	-13.55	Upgrade
Investing Cash Flow	-	-	-160.35	-59.71	-115.13	Upgrade
Long-Term Debt Issued	-	-	-	161.04	135	Upgrade
Long-Term Debt Repaid	-	-	-343.34	-98.09	-57.51	Upgrade
Net Debt Issued (Repaid)	-	-	-343.34	62.95	77.49	Upgrade
Common Dividends Paid	-	-	-79.35	-79.35	-79.35	Upgrade
Other Financing Activities	-	-	399.42	-79.71	-1.81	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	-	0	Upgrade
Net Cash Flow	-	-	0.49	0.43	-0.59	Upgrade
Cash Interest Paid	-	-	31.51	33.9	34.52	Upgrade
Cash Income Tax Paid	-	-	-6.16	6.39	24.05	Upgrade
Levered Free Cash Flow	-	-	-542.91	418.59	51.57	Upgrade
Unlevered Free Cash Flow	-	-	-529.6	437.86	67.59	Upgrade
Change in Working Capital	-	-	8.51	-5.59	-14.73	Upgrade

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