Strong Cash PositionA materially stronger cash position in 2025 provides durable runway for project completion, working capital and short-term obligations. For a developer, higher cash cushions reduce refinancing risk and allow the firm to finish or market projects without immediate external funding, improving operational stability.
Positive Operating/free Cash FlowRestored positive operating and free cash flow in 2025 indicates the business can generate internal liquidity despite revenue headwinds. Sustainable cash generation is critical in real estate to fund construction, reduce reliance on debt or equity raises, and support gradual recovery or selective project execution.
Improved Leverage ProfileReduced total debt and a more favorable debt-to-equity ratio increase financial flexibility over the medium term. Lower leverage cuts interest costs and stress in downturns, enabling management to pursue completions or new launches with less refinancing pressure and a stronger negotiating position with lenders.