Filing Flows › Companies › North Haven Net REIT › Cash flow
North Haven Net REIT cash flow, quarter by quarter
Latest: Q3 2026 · from the cash-flow statements filed with the SEC
Free cash flow$33.2M in Q3 2026 · $89.2M over twelve months
Analysis
In Q3 2026, North Haven Net REIT generated $33.2M of operating cash flow and spent $32K on capital projects, leaving free cash flow of $33.2M. That is $20.7M more than in Q3 2025 ($12.4M).
Over the twelve months to Sep 30, 2026, operating cash flow was $92.3M; the largest uses were real estate bought ($1.8B), other investing ($38.2M), buybacks ($37.8M); besides operations, cash came from other financing ($1.2B), shares issued ($635M); the cash balance rose by $72.1M.
Operating cash flow was $33.2M against net income of −$3.8M. The largest differences: depreciation & amortization +$25.0M, prepaid and other assets −$2.6M.
Free cash flow
Cash runway and the debt wall
North Haven Net REIT funds itself: free cash flow was $89.2M over the last twelve months, and $242M of cash and investments stands against $1.6B of debt ($1.9M due within a year, 128.3× covered by cash).
Where the cash came from and went
From profit to cash
Every quarter
| Quarter | Operating cash flow | Capital spending | Buybacks | Dividends | Shares issued | Cash drawn (+) / kept (−) | Free cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | $33.2M | −$32K | −$13.9M | −$11.2M | $213M | −$71.6M | $33.2M |
| Q2 2026 | $21.2M | −$166K | −$10.2M | −$9.7M | $215M | $156M | $21.1M |
| Q1 2026 | $21.3M | −$699K | −$6.1M | −$8.3M | $116M | −$262M | $20.6M |
| Q4 2025 | $16.5M | −$2.1M | −$7.6M | −$7.0M | $90.3M | $106M | $14.4M |
| Q3 2025 | $14.4M | −$2.0M | −$4.4M | −$5.7M | $94.9M | $98.1M | $12.4M |
| Q2 2025 | $15.5M | −$146K | −$1.5M | −$5.0M | $82.0M | $75.6M | $15.4M |
| Q1 2025 | $12.7M | −$868K | −$245K | −$4.7M | $48.1M | −$123M | $11.8M |
| Q4 2024 | $12.7M | — | −$481K | −$4.0M | $62.8M | $157M | $12.7M |
North Haven Net REIT: income statement and cash flow
North Haven Net REIT, Q3 2026: revenue $56.0M (+163% year over year), operating margin 28.4%. The chart follows the revenue to costs, profit and cash.
North Haven Net 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.