Tamdeen Real Estate Company

Tamdeen Real Estate Co. K.S.C.C.

TAMStocksBoursa KuwaitReal Estate

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	11.35M	4.72M	7.68M	6.39M	2.17M
Real Estate Asset Acquisitions	-31.68M	-18.55M	-2.56M	-1.44M	-3.18M
Real Estate Asset Sales	1.53M	5.11M	10.45M	9.56M	17.23M
Investing & Financing
Investing Cash Flow	-13.99M	4.28M	21.71M	87.07M	16.07M
Dividends Paid	-7.26M	-7.79M	-4.81M	-5.89M	-0.07M
Share Repurchase	—	—	—	-55.00K	-4.00K
Operating Activities
Operating Cash Flow	11.35M	4.72M	7.68M	6.39M	2.17M
Net Income	20.36M	15.45M	15.71M	15.05M	11.39M
Change Accounts Payable RE	-0.86M	-5.06M	-3.04M	-4.01M	-5.43M
Change Accounts Receivable RE	-3.23M	-0.87M	-1.82M	-1.87M	-3.46M
Change in Working Capital	-4.18M	-7.02M	-5.23M	-6.27M	-9.04M
Change Other Net Oper Assets RE	-0.09M	-1.10M	-0.37M	-0.39M	-0.14M
Other Operating Activities RE	10.84M	8.54M	7.98M	6.97M	5.98M
Depreciation & Amortization	1.93M	1.77M	1.98M	2.25M	1.82M
Cash Interest Paid	8.58M	8.10M	7.63M	6.64M	6.57M
Loss (Gain) on Equity Investments	-15.68M	-12.21M	-11.50M	-10.05M	-7.41M
Asset Writedown Cfre	-1.83M	-1.15M	-0.07M	-1.95M	0.30M
Investing Activities
Investing Cash Flow	-13.99M	4.28M	21.71M	87.07M	16.07M
Cash Acquisitions	—	—	-6.62M	—	—
Invest In Securities RE	-2.01M	14.61M	9.89M	70.43M	1.14M
Other Investing Activities RE	9.67M	8.80M	10.59M	8.52M	0.88M
Sale Real Estate Assets	1.53M	5.11M	10.45M	9.56M	17.23M
Acquisition Real Estate Assets	-31.68M	-18.55M	-2.56M	-1.44M	-3.18M
Net Sale Acquisition Real Estate Assets	-30.15M	-13.43M	7.89M	8.12M	14.05M
Gain Assets Cfre	-0.06M	-0.33M	-1.42M	-0.42M	-1.04M
Loss (Gain) on Sale of Investments	—	—	—	—	—
Financing Activities
Common Dividends Paid	-7.26M	-7.79M	-4.81M	-5.89M	-0.07M
Repurchase of Common Stock	—	—	—	-55.00K	-4.00K
Long-Term Debt Issued	32.81M	—	—	—	—
Short-Term Debt Issued	—	2.38M	1.63M	—	—
Total Debt Issued	32.81M	2.38M	1.63M	—	—
Long-Term Debt Repaid	—	-5.27M	-24.79M	-74.84M	-6.67M
Short-Term Debt Repaid	-2.55M	—	—	-1.81M	-4.10M
Total Debt Repaid	-2.55M	-5.27M	-24.79M	-76.65M	-10.77M
Net Debt Issued (Repaid)	30.26M	-2.88M	-23.15M	-76.65M	-10.77M
Other Financing Activities RE	-12.81M	-12.52M	-9.93M	-7.59M	-6.01M
Free Cash Flow & Returns
Levered Free Cash Flow	16.88M	1.44M	26.16M	25.37M	43.38M
Unlevered Free Cash Flow	22.10M	6.17M	31.34M	29.58M	47.61M
Operating Cash Flow Growth	+140.3%	-38.6%	+20.3%	+193.9%	-53.6%
Net Cash Flow	7.55M	-14.19M	-8.49M	3.27M	1.39M

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	11.35M	4.72M	7.68M	6.39M	2.17M
Real Estate Asset Acquisitions	-31.68M	-18.55M	-2.56M	-1.44M	-3.18M
Real Estate Asset Sales	1.53M	5.11M	10.45M	9.56M	17.23M
Investing & Financing
Investing Cash Flow	-13.99M	4.28M	21.71M	87.07M	16.07M
Dividends Paid	-7.26M	-7.79M	-4.81M	-5.89M	-0.07M
Share Repurchase	—	—	—	-55.00K	-4.00K
Operating Activities
Operating Cash Flow	11.35M	4.72M	7.68M	6.39M	2.17M
Net Income	20.36M	15.45M	15.71M	15.05M	11.39M
Change Accounts Payable RE	-0.86M	-5.06M	-3.04M	-4.01M	-5.43M
Change Accounts Receivable RE	-3.23M	-0.87M	-1.82M	-1.87M	-3.46M
Change in Working Capital	-4.18M	-7.02M	-5.23M	-6.27M	-9.04M
Change Other Net Oper Assets RE	-0.09M	-1.10M	-0.37M	-0.39M	-0.14M
Other Operating Activities RE	10.84M	8.54M	7.98M	6.97M	5.98M
Depreciation & Amortization	1.93M	1.77M	1.98M	2.25M	1.82M
Cash Interest Paid	8.58M	8.10M	7.63M	6.64M	6.57M
Loss (Gain) on Equity Investments	-15.68M	-12.21M	-11.50M	-10.05M	-7.41M
Asset Writedown Cfre	-1.83M	-1.15M	-0.07M	-1.95M	0.30M
Investing Activities
Investing Cash Flow	-13.99M	4.28M	21.71M	87.07M	16.07M
Cash Acquisitions	—	—	-6.62M	—	—
Invest In Securities RE	-2.01M	14.61M	9.89M	70.43M	1.14M
Other Investing Activities RE	9.67M	8.80M	10.59M	8.52M	0.88M
Sale Real Estate Assets	1.53M	5.11M	10.45M	9.56M	17.23M
Acquisition Real Estate Assets	-31.68M	-18.55M	-2.56M	-1.44M	-3.18M
Net Sale Acquisition Real Estate Assets	-30.15M	-13.43M	7.89M	8.12M	14.05M
Gain Assets Cfre	-0.06M	-0.33M	-1.42M	-0.42M	-1.04M
Loss (Gain) on Sale of Investments	—	—	—	—	—
Financing Activities
Common Dividends Paid	-7.26M	-7.79M	-4.81M	-5.89M	-0.07M
Repurchase of Common Stock	—	—	—	-55.00K	-4.00K
Long-Term Debt Issued	32.81M	—	—	—	—
Short-Term Debt Issued	—	2.38M	1.63M	—	—
Total Debt Issued	32.81M	2.38M	1.63M	—	—
Long-Term Debt Repaid	—	-5.27M	-24.79M	-74.84M	-6.67M
Short-Term Debt Repaid	-2.55M	—	—	-1.81M	-4.10M
Total Debt Repaid	-2.55M	-5.27M	-24.79M	-76.65M	-10.77M
Net Debt Issued (Repaid)	30.26M	-2.88M	-23.15M	-76.65M	-10.77M
Other Financing Activities RE	-12.81M	-12.52M	-9.93M	-7.59M	-6.01M
Free Cash Flow & Returns
Levered Free Cash Flow	16.88M	1.44M	26.16M	25.37M	43.38M
Unlevered Free Cash Flow	22.10M	6.17M	31.34M	29.58M	47.61M
Operating Cash Flow Growth	+140.3%	-38.6%	+20.3%	+193.9%	-53.6%
Net Cash Flow	7.55M	-14.19M	-8.49M	3.27M	1.39M