Stor-Age Property REIT Cash Flow Statement

Financials in millions ZAR. Fiscal year is April - March.

Millions ZAR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	1,411	706.22	724.58	1,020	1,192	Upgrade
Depreciation & Amortization	9.31	8.93	6.48	6.01	9.62	Upgrade
Other Amortization	-	1	2.12	2.3	1.56	Upgrade
Asset Writedown	-443.33	-251.14	-244.03	-642.31	-803.24	Upgrade
Stock-Based Compensation	21.66	18.15	17.71	11.31	14.31	Upgrade
Income (Loss) on Equity Investments	-47.97	-37.5	-30.25	0.47	-	Upgrade
Change in Accounts Receivable	-29.21	69.4	-34.7	-88.59	44.55	Upgrade
Change in Accounts Payable	-23.05	-66.2	22.39	76.66	14.46	Upgrade
Other Operating Activities	-376.97	124.65	44.84	154.45	-7.11	Upgrade
Operating Cash Flow	521.3	573.28	509.7	538.79	465.92	Upgrade
Operating Cash Flow Growth	-9.07%	12.47%	-5.40%	15.64%	21.83%	Upgrade
Acquisition of Real Estate Assets	-145.09	-212.26	-380.13	-1,050	-202.65	Upgrade
Net Sale / Acq. of Real Estate Assets	-145.09	-212.26	-380.13	-1,050	-202.65	Upgrade
Investment in Marketable & Equity Securities	-78.89	-403.77	-134.75	-224.98	-22.93	Upgrade
Other Investing Activities	124.93	312.92	289.11	57.85	49.09	Upgrade
Investing Cash Flow	-100.43	-304.51	-231.73	-1,223	-178.41	Upgrade
Long-Term Debt Issued	1,397	841.79	752.17	2,143	252.64	Upgrade
Total Debt Issued	1,397	841.79	752.17	2,143	252.64	Upgrade
Long-Term Debt Repaid	-1,212	-590.91	-409.78	-1,507	-399	Upgrade
Net Debt Issued (Repaid)	184.77	250.89	342.39	636.35	-146.36	Upgrade
Issuance of Common Stock	-	-	-	596.58	419.3	Upgrade
Repurchase of Common Stock	-16.21	-2.57	-36.57	-	-	Upgrade
Common Dividends Paid	-548.35	-571.88	-549.61	-480.58	-460.49	Upgrade
Other Financing Activities	-	-	-	-5.8	-2.28	Upgrade
Foreign Exchange Rate Adjustments	-13.03	8.16	99.02	-11.4	-2.96	Upgrade
Net Cash Flow	28.04	-46.64	133.2	51.26	94.72	Upgrade
Cash Interest Paid	-	214.03	178.88	132.98	153	Upgrade
Cash Income Tax Paid	-	40.75	32.53	0.85	-	Upgrade
Levered Free Cash Flow	273.89	427.09	374.29	383.19	357.47	Upgrade
Unlevered Free Cash Flow	454.43	574.38	480.93	456.22	424.91	Upgrade
Change in Net Working Capital	75.06	-63.89	-41.9	-74.21	-94.19	Upgrade

Updated Nov 11, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.