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GTJ REIT cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$7.4M in Q3 2026 · −$5.2M over twelve months

Operating cash flow$8.3M
Capital spending−$841K
Free cash flow+$7.4M
Cash / net income1.8×

Analysis

In Q3 2026, GTJ REIT generated $8.3M of operating cash flow and spent $841K on capital projects, leaving free cash flow of $7.4M. That is $1.8M more than in Q3 2025 ($5.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $31.4M; the largest uses were capital spending ($36.5M), dividends ($17.7M), other investing ($4.1M); besides operations, cash came from other financing ($33.3M); the cash balance fell by $2.7M.

Operating cash flow was $8.3M against net income of $4.6M — 1.8× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$3.9M, prepaid and other assets −$1.6M, other liabilities +$668K.

Free cash flow

GTJ REIT: free cash flow by quarterGTJ REIT: free cash flow by quarter−$26.4MQ4 2024$3.2MQ1 2025$5.1MQ2 2025$5.6MQ3 2025−$27.5MQ4 2025$7.8MQ1 2026$3.2MQ2 2026$7.4MQ3 2026
Operating cash flow less capital spending.
GTJ REIT: operating cash flow against capital spendingGTJ REIT: operating cash flow against capital spendingOperating cash flowCapital spending$9.2M$35.6MQ4 2024$6.8M$3.6MQ1 2025$6.0M$936KQ2 2025$6.7M$1.0MQ3 2025$9.1M$36.5MQ4 2025$8.8M$1.1MQ1 2026$5.2M$1.9MQ2 2026$8.3M$841KQ3 2026
Latest (Q3 2026): Operating cash flow $8.3M, Capital spending $841K.

Capital allocation, year by year

GTJ REIT: where the cash came from (up) and went (down), by fiscal yearGTJ REIT: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $19.9MFY2021: Net borrowing −$824KFY2021: Capital spending −$13.0MFY2021: Buybacks −$6.3MFY2021: Dividends −$8.2M$19.9MFY2021FY2022: Operating cash flow $21.8MFY2022: Net borrowing $31.9MFY2022: Asset sales $28.4MFY2022: Capital spending −$7.3MFY2022: Buybacks −$2.0MFY2022: Dividends −$9.6M$82.1MFY2022FY2023: Operating cash flow $25.7MFY2023: Net borrowing $23.2MFY2023: Capital spending −$29.0MFY2023: Buybacks −$2.1MFY2023: Dividends −$9.7M$48.9MFY2023FY2024: Operating cash flow $26.3MFY2024: Net borrowing $32.1MFY2024: Capital spending −$35.6MFY2024: Buybacks −$2.7MFY2024: Dividends −$14.9M$58.3MFY2024FY2025: Operating cash flow $28.5MFY2025: Net borrowing $25.0MFY2025: Asset sales $15.8MFY2025: Capital spending −$40.1MFY2025: Buybacks −$2.8MFY2025: Dividends −$17.8M$69.3MFY2025
Over these 5 years operating cash flow totalled $122M; the largest uses were capital spending ($125M) and dividends ($60.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$19.5M
Debt$465M
Net debt$445M
Due within a year$2.6M

GTJ REIT's operations bring cash in ($31.4M over twelve months), and it spends more than that on capital projects: a gap of $5.2M funded from its $19.5M of cash and investments and from borrowing ($465M of debt, $2.6M due within a year). That is a choice to invest, not a cash runway running down.

GTJ REIT: debt maturities by year (FY2025)GTJ REIT: debt maturities by year (FY2025)$2.6MYear 1$3.0MYear 2$71.7MYear 3$2.7MYear 4$9.1MYear 5$386MAfter year 5
Principal due in each year as disclosed in the annual report, against $19.5M of cash and investments now.

Where the cash came from and went

GTJ REIT: sources (+) and uses (−) of cash, Q3 2026GTJ REIT: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$8.3MCash drawn (+) / kept (−)−$4.3MDividends−$1.6MCapital spending−$841KNet borrowing (+) / repaid (−)−$664KOther financing−$551KPartners−$328K
GTJ REIT: sources (+) and uses (−) of cash, TTM to Q3 2026GTJ REIT: sources (+) and uses (−) of cash, TTM to Q3 2026Capital spending−$36.5MOther financing$33.3MOperating cash flow$31.4MDividends−$17.7MOther investing−$4.1MPartners−$3.7MBuybacks−$2.8MCash drawn (+) / kept (−)$2.7MNet borrowing (+) / repaid (−)−$2.5M

From profit to cash

GTJ REIT: net income to operating cash flow, Q3 2026GTJ REIT: net income to operating cash flow, Q3 2026Net income$4.6MDepreciation & amortization$3.9MStock-based pay$342KPayables$240KPrepaid and other assets−$1.6MOther liabilities$668KOperating cash flow$8.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$8.3M−$841K−$1.6M−$664K−$4.3M$7.4M
Q2 2026$5.2M−$1.9M−$12.9M−$628K$18.2M$3.2M
Q1 2026$8.8M−$1.1M−$1.6M−$620K−$5.2M$7.8M
Q4 2025$9.1M−$36.5M−$1.6M−$500K−$5.9M−$27.5M
Q3 2025$6.7M−$1.0M−$1.6M—−$2.2M$5.6M
Q2 2025$6.0M−$936K−$12.9M−$670K$6.6M$5.1M
Q1 2025$6.8M−$3.6M−$1.6M−$808K$1.7M$3.2M
Q4 2024$9.2M−$35.6M−$1.6M—$24.7M−$26.4M

GTJ REIT: income statement and cash flow

GTJ REIT, Q3 2026: revenue $22.4M (+7% year over year), operating margin 52.0%. The chart follows the revenue to costs, profit and cash.

GTJ REIT: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.