# North Haven Net REIT · Edgar & Edgarette company card

> North Haven Net REIT grew revenue 481% in FY2025 to $85 million, equity 40.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1999784 · fiscal year ended 2025-12-31 · 3 audited years read · [page](https://www.pops4.com/boards/company/1999784) · [JSON](https://www.pops4.com/boards/company/1999784.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $85M |
| Revenue growth, 1 year | 481.0% |
| Revenue growth per year | — |
| Operating margin | — |
| Net margin | 23.1% |
| Operating cash flow | $59M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $103M |
| Long-term debt | $1.1B |
| Total assets | $2.4B |
| Total equity | $954M |
| Equity ÷ assets | 40.4% |
| Return on equity | 2.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±28%

## Edgarette's reading

Exposure: revenue $85.2M (FY2025), total debt $1.1B. Experience: revenue up 481.0% on the year. Soundness: equity 40.4% of assets, return on equity 2.1%, payout 113.7% of profit. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $363.4M and $652.5M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): growth 481.0% against 3.7%.

Range logged 2026-09-20, receipt f0345a3937250ea8, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-10-30 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1999784/000199978426000078/0001999784-26-000078-index.htm)
- 8-K · filed 2026-10-20 · 3.02 Unregistered Sales of Equity Securities · [filing](https://www.sec.gov/Archives/edgar/data/1999784/000199978426000076/0001999784-26-000076-index.htm)
- 8-K · filed 2026-10-07 · 3.02 Unregistered Sales of Equity Securities · [filing](https://www.sec.gov/Archives/edgar/data/1999784/000199978426000074/0001999784-26-000074-index.htm)
- 8-K · filed 2026-10-01 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1999784/000199978426000072/0001999784-26-000072-index.htm)
- 8-K · filed 2026-09-18 · 3.02 Unregistered Sales of Equity Securities · [filing](https://www.sec.gov/Archives/edgar/data/1999784/000199978426000070/0001999784-26-000070-index.htm)
- 8-K · filed 2026-09-08 · 3.02 Unregistered Sales of Equity Securities · [filing](https://www.sec.gov/Archives/edgar/data/1999784/000199978426000068/0001999784-26-000068-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001999784.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1999784

## Cite

POPS4, Edgar & Edgarette: North Haven Net REIT company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/1999784. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.