Social Housing REIT Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2017
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 - 2017
Net Income	2.99	-36.39	34.99	24.9	28.41	Upgrade
Other Amortization	0.28	0.29	0.31	3.63	1.28	Upgrade
Asset Writedown	22.05	53.03	-15.48	-8.26	-9	Upgrade
Change in Accounts Receivable	-0.99	-1.85	-5.53	-4.13	-1.24	Upgrade
Change in Accounts Payable	-3.24	3.42	-0.24	0.28	-0.24	Upgrade
Other Operating Activities	7.1	7.24	7.22	7.21	5.5	Upgrade
Operating Cash Flow	28.94	29.07	25.86	25.7	24.71	Upgrade
Operating Cash Flow Growth	-0.46%	12.40%	0.65%	3.99%	0.84%	Upgrade
Acquisition of Real Estate Assets	-2.31	-2.27	-	-20.61	-61.35	Upgrade
Sale of Real Estate Assets	0.35	-	7.54	2.12	0.13	Upgrade
Net Sale / Acq. of Real Estate Assets	-1.96	-2.27	7.54	-18.49	-61.23	Upgrade
Cash Acquisition	-	-	-	-	-0.02	Upgrade
Other Investing Activities	0.42	-0.05	0.01	0.15	-0.13	Upgrade
Investing Cash Flow	-1.54	-2.32	7.55	-18.35	-61.37	Upgrade
Long-Term Debt Issued	-	-	-	-	195	Upgrade
Long-Term Debt Repaid	-	-	-	-	-130	Upgrade
Net Debt Issued (Repaid)	-	-	-	-	65	Upgrade
Repurchase of Common Stock	-	-	-5.04	-	-	Upgrade
Common Dividends Paid	-21.96	-21.48	-21.62	-21.73	-20.93	Upgrade
Other Financing Activities	-7.35	-7.38	-7.44	-7.83	-8.37	Upgrade
Net Cash Flow	-1.91	-2.12	-0.68	-22.2	-0.95	Upgrade
Cash Interest Paid	7.35	7.35	7.23	7.23	5.62	Upgrade
Levered Free Cash Flow	10.43	10.83	13.03	25.6	3.72	Upgrade
Unlevered Free Cash Flow	14.87	15.26	17.46	28.77	6.7	Upgrade
Change in Working Capital	-4.23	1.57	-5.77	-3.85	-1.48	Upgrade

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