TRNO: the cashflow

MyFinsight

For the quarter ending 2025-09-30.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net income	244,775	141,399
Straight-line rents	12,014	7,616
Amortization of lease intangibles	16,267	10,342
Depreciation and amortization	83,329	54,953
Gain on sales of real estate investments	128,897	66,485
Deferred financing cost and mortgage fair value adjustment amortization	2,548	1,699
Stock-based compensation	13,398	9,122
Other assets	3,076	5,570
Acquisition of properties	-	152,781
Accounts payable and other liabilities	17,800	4,907
Assumption of other assets and liabilities	-	-26,708
Net cash provided by operating activities	201,596	122,067
Net cash paid for property acquisitions	604,219	126,073
Proceeds from sales of real estate investments, net	234,082	135,656
Additions to construction in progress	58,649	42,737
Additions to buildings, improvements and leasing costs	42,970	28,921
Net cash used in investing activities	-471,756	-62,075
Issuance of common stock	237,423	237,423
Issuance costs on issuance of common stock	3,443	3,443
Repurchase of common stock related to employee awards	3,286	1,993
Borrowings on credit facility	360,000	50,000
Payments on credit facility	162,000	132,000
Payments on senior unsecured notes	0	-
Payment of deferred financing costs	0	-
Dividends paid to common stockholders	150,125	99,496
Net cash provided by financing activities	278,569	50,491
Net increase in cash and cash equivalents and restricted cash	8,409	110,483
Cash and cash equivalents at beginning of period	18,352	-
Cash and cash equivalents at end of period	26,761	-

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

TRNO: the cashflow