$SMA Cashflow Statement | Understand Stock

$SMA

$35.18 -$0.46 (1.29%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Cash flows from operating activities:
Net income (loss)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
Change in deferred tax liability
Change in deferred tax assets and liabilities
Accretion of fair market value adjustment of secured debt
Amortization of debt issuance costs
Equity based compensation expense
Non-cash adjustment - equity method investments in unconsolidated real estate ventures
Non-cash adjustment - equity method investments in Managed REITs
Accretion of financing fee revenues
Contingent earnout adjustment
Equity in loss of unconsolidated entities
Unrealized foreign currency and derivative (gains) losses
Loss on debt extinguishment
Issuance of noncontrolling interest in SST VI Advisor
Gain on equity interests upon acquisition
Write-off of equity interest and preexisting relationships upon acquisition of control
Gain on deconsolidation of SST VI OP
Impairment of goodwill and intangible assets
Impairment of investments in Managed REITs
Gain resulting from acquisition of unconsolidated affiliates
Sponsor funding reduction
Gain on disposition of real estate

Increase (decrease) in cash from changes in assets and liabilities:
Other assets, net
Managed REITs receivables and other
Due to affiliates
Accounts payable and accrued liabilities
Payment for SOFR interest rate caps
Net cash provided by operating activities
Cash flows from investing activities:
Merger, net of cash acquired
SSGT Mergers
SST IV Merger Agreement
SSGT II Merger

Third Party Platform Acquisition, net of cash acquired
Purchase of real estate
Net proceeds from the disposition of real estate
Additions to real estate and construction in process
Insurance proceeds on insured property damage
Purchase of SSGT II Preferred Units
Redemption of SSGT II Preferred Units
Redemption of preferred equity investment in SSGT II
Deposits on acquisitions
Settlement of foreign currency hedges designated for hedge accounting
Capital distributions from Managed REITs
Investments in unconsolidated real estate ventures
Capital distributions from unconsolidated real estate ventures
Deconsolidation of SST VI OP
SST VI OP repayment of debt
Investment in SST VI Mezzanine Loan debt
Bridge Loan funding
Bridge Loan repayment
SSGT III Promissory Note funding
SST VI Note funding
Mezzanine loan funding
SST VI Mezzanine
SSGT III Mezzanine
Mezzanine Loan repayment
SST VI Mezzanine
SSGT III Mezzanine
Total mezzanine Loan repayment

Funding of loans
SSGT III and SSGT III sponsored DSTs
SST VI
Repayment of Loans
SSGT III and SSGT III sponsored DSTs
SST VI
Preferred investment
SST VI
SST X Advisory Agreement
Total preferred investment
Preferred investment redemption
SST VI
Total preferred investment redemption
Purchase of SST VI Subordinated Class C Units
Purchase of other assets
Investments in Managed REITs
Net proceeds from the sale of real estate
Settlement of company owned life insurance
Proceeds from sale of real estate joint venture
Self Administration Transaction, net of cash acquired
Purchase of foreign currency hedge
Purchase of other investments
Redemption of other investments
Net cash (used in) provided by investing activities

Cash flows from financing activities:
Gross proceeds- Underwritten Public Offering
Offering costs
Gross proceeds - issuance of Canadian Notes
Gross proceeds - issuance of non-credit facility debt
Repayment - non-credit facility debt
Scheduled principal payments on non-credit facility debt
Proceeds from issuance of credit facility debt
Repayment of credit facility debt
Debt issuance costs
Debt defeasance costs
Common stock offering costs
Payment of payroll withholding tax on stock vesting
Redemptions of noncontrolling interests in our OP
Redemption of Series A Convertible Preferred Stock
Redemption of fractional common shares
Redemption of common stock
Gross proceeds from issuance of equity in SST VI OP
Offering costs related to issuance of equity in SST VI OP
Gross proceeds from issuance of equity in other non controlling interests
Repurchase of noncontrolling interest in SST VI advisor
Distributions paid - preferred stockholders
Distributions paid - common stockholders
Distributions paid to noncontrolling interests in our Operating Partnership
Distributions paid - noncontrolling interests in our OP
Gross proceeds from issuance of preferred stock
Preferred stock issuance costs
Redemption of noncontrolling interest
Distributions paid - other noncontrolling interests
Net cash provided by (used in) financing activities

Impact of foreign exchange rate changes on cash and restricted cash
Change in cash, cash equivalents, and restricted cash
Cash, cash equivalents, and restricted cash beginning of year
Cash, cash equivalents, and restricted cash end of year
Supplemental disclosures and non-cash transactions:
Cash paid for interest, net of capitalized interest
Cash paid for income taxes
Supplemental disclosure of noncash activities:
Issuance of shares pursuant to distribution reinvestment plan
Distributions payable
Real estate and construction in process included in accounts payable and accrued liabilities
Foreign currency contracts, interest rate swaps, and interest rate cap contract in accounts payable and accrued liabilities and other assets
Acquisition of real estate with loans payable
Deposit applied to the purchase of real estate
Redemption of common stock included in accounts payable and accrued liabilities
Earnest deposits on acquisitions assigned to the Managed REITs, amounts reclassified to Managed REITs receivables
Intangible assets applied to the purchase of real estate
Conversion of A-2 Units into A-1 Units
Issuance of units in our Operating Partnership
Debt assumed in the Self Administration Transaction
Contingent earnout consideration issued in the Self Administration Transaction
Deferred tax liabilities related to the Self Administration Transaction
Accounts payable and other accrued liabilities assumed in the Self Administration Transaction
Transfer of other assets to debt issuance costs
Issuance of common stock and OP Units in connection with the mergers
Debt assumed in Merger
SSGT Mergers
SST IV Merger Agreement
Total debt assumed in Merger

Net liabilities assumed in SSGT Mergers

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