THE COMMERCIAL REAL ESTATE CO.

Commercial Real Estate Co.

ALTIJARIAStocksBoursa KuwaitMarket open

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operations
Operating Cash Flow	4.59M	5.79M	4.20M	3.26M	4.27M
Real Estate Asset Acquisitions	-0.45M	-1.90M	-0.79M	-0.50M	-0.25M
Real Estate Asset Sales	—	—	—	—	—
Investing & Financing
Investing Cash Flow	-0.43M	-1.19M	-6.02M	0.72M	0.21M
Dividends Paid	-0.01M	-0.06M	-0.02M	-5.24M	-0.00M
Share Repurchase	-2.91M	-1.66M	-2.12M	-0.97M	-2.14M
Operating Activities
Operating Cash Flow	4.59M	5.79M	4.20M	3.26M	4.27M
Net Income	4.08M	3.69M	3.56M	5.97M	3.09M
Change Accounts Payable RE	-0.39M	1.64M	-0.03M	-1.66M	-0.09M
Change Accounts Receivable RE	-0.04M	0.47M	-0.46M	0.21M	-0.39M
Change in Working Capital	-0.24M	2.09M	-0.30M	-1.46M	-0.49M
Other Operating Activities RE	2.80M	2.28M	2.49M	2.99M	2.49M
Depreciation & Amortization	334.37K	397.52K	290.41K	293.50K	279.87K
Cash Interest Paid	2.83M	3.00M	3.02M	3.06M	3.04M
Loss (Gain) on Equity Investments	-2.80M	-0.19M	-1.16M	-2.07M	-2.03M
Asset Writedown Cfre	—	-2.71M	—	—	—
Investing Activities
Investing Cash Flow	-0.43M	-1.19M	-6.02M	0.72M	0.21M
Cash Acquisitions	—	-9.43K	-0.63K	-4.64K	-3.29K
Invest In Securities RE	-1.89M	0.07M	-7.62M	-1.68M	-1.06M
Other Investing Activities RE	1.91M	0.71M	2.39M	3.00M	1.67M
Sale Real Estate Assets	—	—	—	—	—
Acquisition Real Estate Assets	-0.45M	-1.90M	-0.79M	-0.50M	-0.25M
Net Sale Acquisition Real Estate Assets	-0.45M	-1.90M	-0.79M	-0.50M	-0.25M
Gain Assets Cfre	-2.38K	—	10.67K	—	—
Loss (Gain) on Sale of Investments	0.45M	0.41M	-0.70M	-2.37M	0.82M
Financing Activities
Common Dividends Paid	-0.01M	-0.06M	-0.02M	-5.24M	-0.00M
Issuance of Common Stock	9.24M	—	0.36M	0.02M	1.25M
Repurchase of Common Stock	-2.91M	-1.66M	-2.12M	-0.97M	-2.14M
Long-Term Debt Issued	2.85M	—	—	—	1.65M
Total Debt Issued	2.85M	5.62M	9.10M	12.20M	1.65M
Long-Term Debt Repaid	-10.55M	—	—	—	-1.86M
Total Debt Repaid	-10.55M	-4.99M	-4.22M	-5.44M	-1.86M
Net Debt Issued (Repaid)	-7.70M	0.63M	4.88M	6.76M	-0.21M
Other Financing Activities RE	-2.83M	-3.40M	-3.02M	-3.46M	-3.04M
Free Cash Flow & Returns
Levered Free Cash Flow	4.16M	5.84M	-4.43M	4.44M	1.34M
Unlevered Free Cash Flow	5.86M	7.71M	-2.54M	6.25M	3.10M
Operating Cash Flow Growth	+7.4%	-23.2%	-1.2%	-16.8%	-1.9%
Net Cash Flow	-0.06M	0.11M	-1.74M	1.08M	0.34M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operations
Operating Cash Flow	4.59M	5.79M	4.20M	3.26M	4.27M
Real Estate Asset Acquisitions	-0.45M	-1.90M	-0.79M	-0.50M	-0.25M
Real Estate Asset Sales	—	—	—	—	—
Investing & Financing
Investing Cash Flow	-0.43M	-1.19M	-6.02M	0.72M	0.21M
Dividends Paid	-0.01M	-0.06M	-0.02M	-5.24M	-0.00M
Share Repurchase	-2.91M	-1.66M	-2.12M	-0.97M	-2.14M
Operating Activities
Operating Cash Flow	4.59M	5.79M	4.20M	3.26M	4.27M
Net Income	4.08M	3.69M	3.56M	5.97M	3.09M
Change Accounts Payable RE	-0.39M	1.64M	-0.03M	-1.66M	-0.09M
Change Accounts Receivable RE	-0.04M	0.47M	-0.46M	0.21M	-0.39M
Change in Working Capital	-0.24M	2.09M	-0.30M	-1.46M	-0.49M
Other Operating Activities RE	2.80M	2.28M	2.49M	2.99M	2.49M
Depreciation & Amortization	334.37K	397.52K	290.41K	293.50K	279.87K
Cash Interest Paid	2.83M	3.00M	3.02M	3.06M	3.04M
Loss (Gain) on Equity Investments	-2.80M	-0.19M	-1.16M	-2.07M	-2.03M
Asset Writedown Cfre	—	-2.71M	—	—	—
Investing Activities
Investing Cash Flow	-0.43M	-1.19M	-6.02M	0.72M	0.21M
Cash Acquisitions	—	-9.43K	-0.63K	-4.64K	-3.29K
Invest In Securities RE	-1.89M	0.07M	-7.62M	-1.68M	-1.06M
Other Investing Activities RE	1.91M	0.71M	2.39M	3.00M	1.67M
Sale Real Estate Assets	—	—	—	—	—
Acquisition Real Estate Assets	-0.45M	-1.90M	-0.79M	-0.50M	-0.25M
Net Sale Acquisition Real Estate Assets	-0.45M	-1.90M	-0.79M	-0.50M	-0.25M
Gain Assets Cfre	-2.38K	—	10.67K	—	—
Loss (Gain) on Sale of Investments	0.45M	0.41M	-0.70M	-2.37M	0.82M
Financing Activities
Common Dividends Paid	-0.01M	-0.06M	-0.02M	-5.24M	-0.00M
Issuance of Common Stock	9.24M	—	0.36M	0.02M	1.25M
Repurchase of Common Stock	-2.91M	-1.66M	-2.12M	-0.97M	-2.14M
Long-Term Debt Issued	2.85M	—	—	—	1.65M
Total Debt Issued	2.85M	5.62M	9.10M	12.20M	1.65M
Long-Term Debt Repaid	-10.55M	—	—	—	-1.86M
Total Debt Repaid	-10.55M	-4.99M	-4.22M	-5.44M	-1.86M
Net Debt Issued (Repaid)	-7.70M	0.63M	4.88M	6.76M	-0.21M
Other Financing Activities RE	-2.83M	-3.40M	-3.02M	-3.46M	-3.04M
Free Cash Flow & Returns
Levered Free Cash Flow	4.16M	5.84M	-4.43M	4.44M	1.34M
Unlevered Free Cash Flow	5.86M	7.71M	-2.54M	6.25M	3.10M
Operating Cash Flow Growth	+7.4%	-23.2%	-1.2%	-16.8%	-1.9%
Net Cash Flow	-0.06M	0.11M	-1.74M	1.08M	0.34M