Dubai Residential REIT

DUBAIRESIREITsDubai Financial MarketReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Operations
Operating Cash Flow	0.72B	3.77B	0.55B	-0.12B
Real Estate Asset Acquisitions	-135.15M	-186.58M	-188.34M	-224.98M
Real Estate Asset Sales	—	1.27M	—	—
Investing & Financing
Investing Cash Flow	711.96M	-653.22M	-468.51M	-68.34M
Dividends Paid	-0.55B	-1.22B	—	—
Operating Activities
Operating Cash Flow	0.72B	3.77B	0.55B	-0.12B
Net Income	3.02B	2.66B	2.37B	2.60B
Change Accounts Payable RE	-20.52M	61.25M	6.80M	78.24M
Change Accounts Receivable RE	-45.68M	-9.83M	26.05M	7.44M
Change in Working Capital	-0.64B	2.60B	-0.50B	-1.01B
Change Other Net Oper Assets RE	-0.57B	2.55B	-0.54B	-1.10B
Other Operating Activities RE	0.07B	0.04B	1.08B	0.07B
Depreciation & Amortization	2.26M	2.53M	3.57M	4.07M
Other Amortization	—	1.53M	0.56M	0.70M
Cash Interest Paid	86.62M	72.78M	74.11M	81.23M
Asset Writedown Cfre	-1.74B	-1.55B	-2.42B	-1.82B
Investing Activities
Investing Cash Flow	711.96M	-653.22M	-468.51M	-68.34M
Invest In Securities RE	831.64M	-506.64M	-304.25M	148.06M
Other Investing Activities RE	15.47M	40.73M	25.52M	9.24M
Sale Real Estate Assets	—	1.27M	—	—
Acquisition Real Estate Assets	-135.15M	-186.58M	-188.34M	-224.98M
Net Sale Acquisition Real Estate Assets	-135.15M	-185.31M	-188.34M	-224.98M
Gain Assets Cfre	—	39.00K	—	—
Financing Activities
Common Dividends Paid	-0.55B	-1.22B	—	—
Long-Term Debt Issued	—	2.60B	—	—
Long-Term Debt Repaid	-1.00B	-1.36B	-0.08B	-0.16B
Net Debt Issued (Repaid)	-1.00B	1.24B	-0.08B	-0.16B
Other Financing Activities RE	-0.09B	-2.22B	-0.43B	0.31B
Free Cash Flow & Returns
Levered Free Cash Flow	0.20B	3.40B	1.14B	—
Unlevered Free Cash Flow	0.26B	3.47B	1.21B	—
Operating Cash Flow Growth	-80.8%	+584.9%	—	—
Net Cash Flow	-199.86M	914.43M	-425.63M	-34.48M

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Operations
Operating Cash Flow	0.72B	3.77B	0.55B	-0.12B
Real Estate Asset Acquisitions	-135.15M	-186.58M	-188.34M	-224.98M
Real Estate Asset Sales	—	1.27M	—	—
Investing & Financing
Investing Cash Flow	711.96M	-653.22M	-468.51M	-68.34M
Dividends Paid	-0.55B	-1.22B	—	—
Operating Activities
Operating Cash Flow	0.72B	3.77B	0.55B	-0.12B
Net Income	3.02B	2.66B	2.37B	2.60B
Change Accounts Payable RE	-20.52M	61.25M	6.80M	78.24M
Change Accounts Receivable RE	-45.68M	-9.83M	26.05M	7.44M
Change in Working Capital	-0.64B	2.60B	-0.50B	-1.01B
Change Other Net Oper Assets RE	-0.57B	2.55B	-0.54B	-1.10B
Other Operating Activities RE	0.07B	0.04B	1.08B	0.07B
Depreciation & Amortization	2.26M	2.53M	3.57M	4.07M
Other Amortization	—	1.53M	0.56M	0.70M
Cash Interest Paid	86.62M	72.78M	74.11M	81.23M
Asset Writedown Cfre	-1.74B	-1.55B	-2.42B	-1.82B
Investing Activities
Investing Cash Flow	711.96M	-653.22M	-468.51M	-68.34M
Invest In Securities RE	831.64M	-506.64M	-304.25M	148.06M
Other Investing Activities RE	15.47M	40.73M	25.52M	9.24M
Sale Real Estate Assets	—	1.27M	—	—
Acquisition Real Estate Assets	-135.15M	-186.58M	-188.34M	-224.98M
Net Sale Acquisition Real Estate Assets	-135.15M	-185.31M	-188.34M	-224.98M
Gain Assets Cfre	—	39.00K	—	—
Financing Activities
Common Dividends Paid	-0.55B	-1.22B	—	—
Long-Term Debt Issued	—	2.60B	—	—
Long-Term Debt Repaid	-1.00B	-1.36B	-0.08B	-0.16B
Net Debt Issued (Repaid)	-1.00B	1.24B	-0.08B	-0.16B
Other Financing Activities RE	-0.09B	-2.22B	-0.43B	0.31B
Free Cash Flow & Returns
Levered Free Cash Flow	0.20B	3.40B	1.14B	—
Unlevered Free Cash Flow	0.26B	3.47B	1.21B	—
Operating Cash Flow Growth	-80.8%	+584.9%	—	—
Net Cash Flow	-199.86M	914.43M	-425.63M	-34.48M