| Cash Flow for RamcoGershenson Properties Tr (RPT) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 38,675 | 35,624 | 18,493 | 15,120 | 11,093 | | Provision for Loan Loss | - | - | - | - | - | | Depreciation & Amortization | 38,142 | 33,804 | 32,420 | 28,782 | 23,967 | | Deferred Income Taxes | - | - | - | - | - | | Change in Assets (Receivables) | 5,035 | 796 | (9,328) | (5,149) | (17,212) | | Change in Liabilities (Payables) | 26,031 | (5,324) | (1,153) | 1,558 | 4,491 | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (32,643) | (23,388) | (1,136) | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 10,748 | 5,273 | 5,309 | 6,076 | 3,690 | | Net Cash from Operating Activities | 85,988 | 46,785 | 44,605 | 46,387 | 26,029 | | | | Proceeds from Sale/Mat. Inv. | - | - | - | - | - | | Purchase of Investment Securities | (38,177) | - | - | - | - | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | 45,864 | 17,978 | (59,468) | (119,084) | (96,194) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | 15,495 | 24,135 | (26,491) | 13,521 | 14,982 | | Net Cash from Investing Activities | 23,182 | 42,113 | (85,959) | (105,563) | (81,212) | | | Net Change in Deposits | - | - | - | - | - | | Cash Dividends paid | (42,326) | (41,606) | (41,072) | (36,913) | (29,776) | | Repayment of Long Term Debt | (317,341) | (172,723) | (331,227) | (96,842) | (119,089) | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | 280,588 | 137,852 | 414,771 | 139,000 | 106,452 | | Issuance of Preferred Stock | - | - | - | 51,741 | - | | Issuance of Common Stock | 268 | 298 | 292 | 593 | 108,496 | | Purchase of Treasury Stock | (25,933) | (7,804) | - | - | - | | Other Financing Activities | (999) | (501) | (1,526) | (3,241) | (991) | | Cash from Financing Activities | (105,743) | (84,484) | 41,238 | 54,338 | 65,092 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 3,427 | 4,414 | (116) | (4,838) | 9,909 | | | Cash at Beginning of Period | 11,550 | 7,136 | 15,045 | 19,883 | 9,974 | | Cash at End of Period | 14,977 | 11,550 | 14,929 | 15,045 | 19,883 | | | |
