Filing Flows › Companies › New Mountain Net Lease Trust › Cash flow
New Mountain Net Lease Trust cash flow, quarter by quarter
Latest: Q3 2026 · from the cash-flow statements filed with the SEC
Free cash flow−$234M in Q3 2026 · $77.6M over twelve months
Analysis
In Q3 2026, New Mountain Net Lease Trust generated $28.7M of operating cash flow and spent $262M on capital projects, leaving free cash flow of −$234M. That is $249M less than in Q3 2025 ($15.0M).
Over the twelve months to Sep 30, 2026, operating cash flow was $77.6M; the largest uses were other investing ($513M), net borrowing (+) / repaid (−) ($82.0M), dividends ($52.5M); besides operations, cash came from other financing ($405M), shares issued ($206M); the cash balance rose by $25.8M.
Operating cash flow was $28.7M against net income of $4.7M — 6.2× profit, cash ran ahead of reported earnings. The largest differences: prepaid and other assets +$14.5M, depreciation & amortization +$11.8M, other liabilities −$157K.
Free cash flow
Cash runway and the debt wall
New Mountain Net Lease Trust funds itself: free cash flow was $77.6M over the last twelve months, and $10.2M of cash and investments stands against $1.2B of debt ($33.6M due within a year, 0.3× covered by cash).
Where the cash came from and went
From profit to cash
Every quarter
| Quarter | Operating cash flow | Capital spending | Buybacks | Dividends | Net borrowing (+) / repaid (−) | Shares issued | Cash drawn (+) / kept (−) | Free cash flow |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $28.7M | −$262M | −$5.0M | −$11.5M | $26.9M | $61.7M | −$12.2M | −$234M |
| Q2 2026 | $20.1M | — | — | −$15.4M | $25.2M | $48.9M | $3.4M | $20.1M |
| Q1 2026 | $14.6M | — | — | −$14.0M | −$69.7M | $60.1M | −$10.6M | $14.6M |
| Q4 2025 | $14.2M | — | −$237K | −$11.5M | −$64.4M | $35.8M | −$6.4M | $14.2M |
| Q3 2025 | $15.0M | — | — | −$11.1M | −$5.3M | $36.2M | −$5.1M | $15.0M |
| Q2 2025 | $11.7M | — | — | −$11.0M | −$25.3M | $25.4M | $2.6M | $11.7M |
| Q1 2025 | $13.2M | — | −$271M | −$7.2M | $7.2M | $5.2M | $255M | $13.2M |
| Q4 2024 | $14.7M | — | — | −$13.5M | — | — | −$264M | $14.7M |
New Mountain Net Lease Trust: income statement and cash flow
New Mountain Net Lease Trust, Q3 2026: revenue $36.1M (+31% year over year), operating margin 13.0%. The chart follows the revenue to costs, profit and cash.
New Mountain Net Lease Trust: 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.