THE COMMERCIAL REAL ESTATE CO.

Commercial Real Estate Co.

ALTIJARIAStocksBoursa KuwaitMarket closed

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	17.52M	20.06M	16.05M	18.90M	28.81M
Real Estate Asset Acquisitions	-3.43M	-1.16M	-0.84M	-0.62M	-1.50M
Real Estate Asset Sales	—	15.75K	0.03K	—	—
Investing & Financing
Investing Cash Flow	-6.28M	-3.83M	-4.85M	-20.31M	-3.12M
Dividends Paid	-5.33M	-7.08M	-5.27M	-8.83M	-5.38M
Share Repurchase	-6.88M	-4.49M	-4.51M	-2.80M	-2.35M
Operating Activities
Operating Cash Flow	17.52M	20.06M	16.05M	18.90M	28.81M
Net Income	16.31M	15.59M	14.42M	12.48M	12.54M
Change Accounts Payable RE	-0.14M	0.78M	-2.63M	-1.16M	1.70M
Change Accounts Receivable RE	-0.18M	0.93M	0.51M	1.17M	-0.14M
Change in Working Capital	-0.16M	1.88M	-1.68M	0.34M	17.89M
Other Operating Activities RE	10.25M	11.26M	9.12M	4.53M	-12.25M
Depreciation & Amortization	1.26M	1.22M	1.20M	1.18M	1.06M
Cash Interest Paid	12.11M	12.50M	11.25M	6.21M	5.60M
Loss (Gain) on Equity Investments	-5.45M	-5.24M	-2.71M	2.23M	0.63M
Asset Writedown Cfre	-2.71M	0.52M	1.81M	3.50M	4.25M
Investing Activities
Investing Cash Flow	-6.28M	-3.83M	-4.85M	-20.31M	-3.12M
Cash Acquisitions	-17.99K	-342.66K	-37.45K	-50.13K	-4.06K
Invest In Securities RE	-10.28M	-6.52M	-10.01M	-24.33M	-4.37M
Other Investing Activities RE	7.77M	6.41M	6.03M	4.69M	2.76M
Sale Real Estate Assets	—	15.75K	0.03K	—	—
Acquisition Real Estate Assets	-3.43M	-1.16M	-0.84M	-0.62M	-1.50M
Net Sale Acquisition Real Estate Assets	-3.43M	-1.15M	-0.84M	-0.62M	-1.50M
Gain Assets Cfre	10.67K	-92.99K	—	—	—
Loss (Gain) on Sale of Investments	-1.84M	-5.10M	-6.43M	-5.29M	3.90M
Financing Activities
Common Dividends Paid	-5.33M	-7.08M	-5.27M	-8.83M	-5.38M
Issuance of Common Stock	1.62M	1.59M	—	0.05M	—
Repurchase of Common Stock	-6.88M	-4.49M	-4.51M	-2.80M	-2.35M
Long-Term Debt Issued	28.57M	27.47M	25.55M	40.28M	46.02M
Long-Term Debt Repaid	-16.52M	-20.36M	-17.01M	-24.14M	-53.57M
Net Debt Issued (Repaid)	12.05M	7.11M	8.54M	16.14M	-7.55M
Other Financing Activities RE	-12.92M	-13.54M	-12.06M	-6.83M	-6.06M
Free Cash Flow & Returns
Levered Free Cash Flow	7.20M	9.09M	0.64M	15.76M	15.18M
Unlevered Free Cash Flow	14.53M	16.89M	7.68M	19.93M	18.62M
Operating Cash Flow Growth	-12.7%	+25.0%	-15.1%	-34.4%	+137.1%
Net Cash Flow	-0.21M	-0.17M	-2.10M	-3.67M	4.35M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	17.52M	20.06M	16.05M	18.90M	28.81M
Real Estate Asset Acquisitions	-3.43M	-1.16M	-0.84M	-0.62M	-1.50M
Real Estate Asset Sales	—	15.75K	0.03K	—	—
Investing & Financing
Investing Cash Flow	-6.28M	-3.83M	-4.85M	-20.31M	-3.12M
Dividends Paid	-5.33M	-7.08M	-5.27M	-8.83M	-5.38M
Share Repurchase	-6.88M	-4.49M	-4.51M	-2.80M	-2.35M
Operating Activities
Operating Cash Flow	17.52M	20.06M	16.05M	18.90M	28.81M
Net Income	16.31M	15.59M	14.42M	12.48M	12.54M
Change Accounts Payable RE	-0.14M	0.78M	-2.63M	-1.16M	1.70M
Change Accounts Receivable RE	-0.18M	0.93M	0.51M	1.17M	-0.14M
Change in Working Capital	-0.16M	1.88M	-1.68M	0.34M	17.89M
Other Operating Activities RE	10.25M	11.26M	9.12M	4.53M	-12.25M
Depreciation & Amortization	1.26M	1.22M	1.20M	1.18M	1.06M
Cash Interest Paid	12.11M	12.50M	11.25M	6.21M	5.60M
Loss (Gain) on Equity Investments	-5.45M	-5.24M	-2.71M	2.23M	0.63M
Asset Writedown Cfre	-2.71M	0.52M	1.81M	3.50M	4.25M
Investing Activities
Investing Cash Flow	-6.28M	-3.83M	-4.85M	-20.31M	-3.12M
Cash Acquisitions	-17.99K	-342.66K	-37.45K	-50.13K	-4.06K
Invest In Securities RE	-10.28M	-6.52M	-10.01M	-24.33M	-4.37M
Other Investing Activities RE	7.77M	6.41M	6.03M	4.69M	2.76M
Sale Real Estate Assets	—	15.75K	0.03K	—	—
Acquisition Real Estate Assets	-3.43M	-1.16M	-0.84M	-0.62M	-1.50M
Net Sale Acquisition Real Estate Assets	-3.43M	-1.15M	-0.84M	-0.62M	-1.50M
Gain Assets Cfre	10.67K	-92.99K	—	—	—
Loss (Gain) on Sale of Investments	-1.84M	-5.10M	-6.43M	-5.29M	3.90M
Financing Activities
Common Dividends Paid	-5.33M	-7.08M	-5.27M	-8.83M	-5.38M
Issuance of Common Stock	1.62M	1.59M	—	0.05M	—
Repurchase of Common Stock	-6.88M	-4.49M	-4.51M	-2.80M	-2.35M
Long-Term Debt Issued	28.57M	27.47M	25.55M	40.28M	46.02M
Long-Term Debt Repaid	-16.52M	-20.36M	-17.01M	-24.14M	-53.57M
Net Debt Issued (Repaid)	12.05M	7.11M	8.54M	16.14M	-7.55M
Other Financing Activities RE	-12.92M	-13.54M	-12.06M	-6.83M	-6.06M
Free Cash Flow & Returns
Levered Free Cash Flow	7.20M	9.09M	0.64M	15.76M	15.18M
Unlevered Free Cash Flow	14.53M	16.89M	7.68M	19.93M	18.62M
Operating Cash Flow Growth	-12.7%	+25.0%	-15.1%	-34.4%	+137.1%
Net Cash Flow	-0.21M	-0.17M	-2.10M	-3.67M	4.35M