Vehicle file · Non-traded REIT

North Haven Net REIT

What its SEC filings show.

SEC CIK 1999784·Inc. MD·Fiscal year end 12/31·Data as filed · pulled Oct 12, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

North Haven Net REIT is a non-traded REIT registered with the SEC under CIK 1999784 (incorporated in MD). Its most recent filing is an 8-K (current report) dated Oct 7, 2026. As of Jun 30, 2026 it reported total assets of $2.90B (up 100.0% from $1.45B a year earlier) and stockholders' equity of $1.26B. Net income (loss) for the six months to Jun 30, 2026 was −$4.8M. It raised $331.3M from new shares in the six months to Jun 30, 2026; paid $18.0M in distributions in the six months to Jun 30, 2026; spent $16.3M repurchasing shares in the six months to Jun 30, 2026.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 71 other vehicles of this type we track.

Cash from operations was $42.5M against $18.0M of distributions paid in the six months to Jun 30, 2026: operations covered 236% of the payout. It ranks 3rd of the 23 vehicles of this type that report the same figures (1st = best covered).
In the six months to Jun 30, 2026 it raised $331.3M and paid $16.3M to buy back shares: a net inflow of $315.0M.
Liabilities were 55% of total assets at Jun 30, 2026. It ranks 18th of the 51 vehicles of this type that report the same figures (1st = least leveraged).
The management fee ran at about 0.79% a year of stockholders' equity ($4.9M in the six months to Jun 30, 2026, annualised; our arithmetic). It ranks 3rd of the 16 vehicles of this type that report the same figures (1st = lowest fee).

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$2.90B	as of Jun 30, 2026	$1.45B	+100.0%	10-Q · Aug 7, 2026
Cash and equivalents	$170.5M	as of Jun 30, 2026	$316.1M	−46.0%	10-Q · Aug 7, 2026
Total liabilities	$1.60B	as of Jun 30, 2026	$615.1M	+160.9%	10-Q · Aug 7, 2026
Long-term debt	$1.20B	as of Jun 30, 2026	$458.1M	+162.7%	10-Q · Aug 7, 2026
Secured debt	$1.19B	as of Jun 30, 2026	$452.6M	+163.7%	10-Q · Aug 7, 2026
Stockholders' equity	$1.26B	as of Jun 30, 2026	$797.2M	+57.5%	10-Q · Aug 7, 2026
Shares outstanding	70.0M shares	as of Jun 30, 2026	42.9M shares	+63.1%	10-Q · Aug 7, 2026

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Revenues	$86.9M	six months to Jun 30, 2026	$32.5M	+167.7%	10-Q · Aug 7, 2026
Net income (loss)	−$4.8M	six months to Jun 30, 2026	$10.9M	−144.4%	10-Q · Aug 7, 2026
Cash from operations	$42.5M	six months to Jun 30, 2026	$28.2M	+50.5%	10-Q · Aug 7, 2026
Management fees	$4.9M	six months to Jun 30, 2026	$0	—	10-Q · Aug 7, 2026
Depreciation and amortization	$38.4M	six months to Jun 30, 2026	$16.1M	+139.0%	10-Q · Aug 7, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$331.3M	six months to Jun 30, 2026	$130.1M	+154.7%	10-Q · Aug 7, 2026
Distributions paid	$18.0M	six months to Jun 30, 2026	$9.7M	+86.2%	10-Q · Aug 7, 2026
Share repurchases (cash paid)	$16.3M	six months to Jun 30, 2026	$1.8M	+808.9%	10-Q · Aug 7, 2026
Share repurchases (value)	$20.8M	six months to Jun 30, 2026	$5.9M	+251.9%	10-Q · Aug 7, 2026
Shares repurchased	816,308 shares	six months to Jun 30, 2026	292,879 shares	+178.7%	10-Q · Aug 7, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

If you have real money in this, do not decide it alone.

We can tell you what the filings say. What we cannot tell you is what it means for your particular position, your tax situation and the rest of your portfolio, and anyone who does that from a web page without knowing your circumstances is guessing. With money in a non-traded REIT you cannot sell at will, reading its filings to decide whether to hold, redeem or tender, that is the part that actually matters.

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Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Oct 7, 20268-K · Current reportItems 3.02EDGAR ↗
Oct 1, 20268-K · Current reportItems 7.01EDGAR ↗
Sep 18, 20268-K · Current reportItems 3.02EDGAR ↗
Sep 8, 20268-K · Current reportItems 3.02EDGAR ↗
Sep 2, 20268-K · Current reportItems 7.01EDGAR ↗
Aug 20, 20268-K · Current reportItems 3.02EDGAR ↗
Aug 7, 202610-Q · Quarterly reportEDGAR ↗
Aug 6, 20268-K · Current reportItems 3.02EDGAR ↗
Aug 4, 20268-K · Current reportItems 7.01EDGAR ↗
Jul 16, 20268-K · Current reportItems 3.02EDGAR ↗
Jul 7, 20268-K · Current reportItems 3.02EDGAR ↗
Jul 1, 20268-K · Current reportItems 7.01EDGAR ↗
Jun 17, 20268-K · Current reportItems 3.02EDGAR ↗
Jun 5, 20268-K · Current reportItems 1.01,3.02,5.03,8.01,9.01EDGAR ↗
May 29, 20268-K · Current reportItems 7.01EDGAR ↗
May 15, 20268-K · Current reportItems 3.02EDGAR ↗
May 11, 202610-Q · Quarterly reportEDGAR ↗
May 7, 20268-K · Current reportItems 3.02EDGAR ↗
May 1, 20268-K · Current reportItems 7.01EDGAR ↗
Apr 17, 20268-K · Current reportItems 3.02EDGAR ↗
Apr 7, 20268-K · Current reportItems 3.02EDGAR ↗
Apr 6, 20264 · Insider transactionEDGAR ↗
Apr 6, 20264 · Insider transactionEDGAR ↗
Apr 6, 20264 · Insider transactionEDGAR ↗
Mar 31, 20268-K · Current reportItems 7.01EDGAR ↗

Our reads on North Haven Net REIT.

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1999784, retrieved Oct 12, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

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North Haven Net REIT

What the figures say together

Key figures, as filed.

Filing timeline.

Our reads on North Haven Net REIT.

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