Curbline Properties Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	41.75	10.26	31.01	25.73	20.66
Depreciation & Amortization	62.47	41.91	31.99	26.63	15
Other Amortization	1.32	0.35	0.16	0.16	0.18
Gain (Loss) on Sale of Assets	-0.04	-	-0.37	-	-
Stock-Based Compensation	13.59	3.83	-	-	-
Change in Accounts Receivable	-3.98	-0.86	-2.67	-1.77	0.61
Change in Accounts Payable	12.1	6.17	-0.75	-1.58	-0.42
Change in Other Net Operating Assets	1.18	-4.73	-0.14	0.72	-0.23
Other Operating Activities	-0.66	-2.67	-	-	0.43
Operating Cash Flow	127.74	54.26	59.24	49.89	36.23
Operating Cash Flow Growth	259.60%	-8.41%	18.75%	37.70%	-
Acquisition of Real Estate Assets	-825.48	-436.49	-186.59	-323.46	-78.1
Sale of Real Estate Assets	0.05	-	0.56	-	-
Net Sale / Acq. of Real Estate Assets	-825.43	-436.49	-186.02	-323.46	-78.1
Other Investing Activities	-5.6	-0.91	-	-	-
Investing Cash Flow	-831.03	-437.4	-186.02	-323.46	-78.1
Long-Term Debt Repaid	-	-25.65	-12.93	-3.8	-15.33
Net Debt Issued (Repaid)	400	-25.65	-12.93	-3.8	-15.33
Issuance of Common Stock	797.63	1,040	139.85	277.55	60.82
Repurchase of Common Stock	-3.1	-0.02	-	-	-
Other Financing Activities	-3.24	-5.03	-	-0.41	-4.4
Net Cash Flow	427.57	625.69	0.13	-0.25	-0.79
Levered Free Cash Flow	100.48	61.54	50.14	-	-
Unlevered Free Cash Flow	103.41	61.76	50.93	-	-
Change in Working Capital	9.3	0.58	-3.56	-2.63	-0.04

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