Company research
Net Lease Office Properties
CIK 1952976Updated Sep 24, 2026
SecurityNLOP · NYSE · equity
NLOP price & chart
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NYSE:NLOP on TradingView ↗In the news
Net Lease Office Properties Declares Special Cash Distribution of $3.30 Per Share ↗
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
SCHEDULE 13G/A filing
Submission of Matters to a Vote of Security Holders
Items 5.07, 9.01
DEFA14A filing
Show 5 more recent filings
DEFA14A filing
Other Events
Items 8.01, 9.01
DEFA14A filing
DEFA14A filing
Regulation FD Disclosure
Items 7.01, 9.01
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 453,371,000Source | 805,069,000Source | 1,305,089,000Source | 1,462,201,000Source |
| GoodwillUSD | — | — | 0Source | 63,583,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 119,621,000Source | 25,121,000Source | 16,269,000Source | 4,671,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 155,546,000Source | 219,666,000Source | 623,659,000Source | 352,682,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 15,000Source | 15,000Source | 15,000Source | 0Source |
| Additional Paid in CapitalUSD | 855,813,000Source | 855,813,000Source | 855,554,000Source | 0Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 0Source | -40,157,000Source | -35,600,000Source | -42,464,000Source |
| Stockholders' Equity Attributable to ParentUSD | 293,911,000Source | 581,228,000Source | 677,009,000Source | 1,107,776,000Source |
| Liabilities and EquityUSD | 453,371,000Source | 805,069,000Source | 1,305,089,000Source | 1,462,201,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | 0Source | 10,450,000Source | 11,998,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 3,914,000Source | 4,175,000Source | 4,421,000Source | 1,743,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | — | 0Source | 10,372,000Source | 11,998,000Source |
| Dividends PayableUSD | 75,552,000Source | 0Source | 1,060,000Source | 0Source |
| Long-term DebtUSD | 21,900,000Source | 169,216,000Source | 541,979,000Source | 276,063,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -145,162,000Source | -91,386,000Source | -131,722,000Source | 15,777,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Deferred Income Tax Expense (Benefit)USD | 0Source | -3,271,000Source | -1,201,000Source | -1,043,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 64,111,000Source | 71,859,000Source | 70,966,000Source | 84,282,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 208,242,000Source | 297,749,000Source | 27,693,000Source | -22,918,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 5,000Source | — | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -218,885,000Source | -367,984,000Source | -36,778,000Source | -64,541,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | 1,072,000Source | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -384,000Source | 15,000Source | -526,000Source | -7,000Source |
| Repayments of Long-term DebtUSD | 111,480,000Source | 366,596,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 54,206,000Source | 597,000Source | 61,831,000Source | -3,300,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 122,632,000Source | 68,426,000Source | 67,829,000Source | 5,998,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 9,200,000Source | 41,300,000Source | 39,300,000Source | 26,800,000Source |
| Income Taxes Paid, NetUSD | 700,000Source | 700,000Source | 2,700,000Source | 1,800,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 738,000Source | -1,027,000Source | -50,000Source | -123,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 0Source | 250,000Source | 2,904,000Source | 3,161,000Source |
| Amortization of Intangible AssetsUSD | 21,500,000Source | 35,400,000Source | 47,700,000Source | 36,000,000Source |
| DepreciationUSD | 14,900,000Source | 23,600,000Source | 31,200,000Source | 28,900,000Source |
| Dividends PayableUSD | 75,552,000Source | 0Source | 1,060,000Source | 0Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -10,000Source | -448,000Source | -2,000Source | — |
| Gain (Loss) on Sale of PropertiesUSD | -29,006,000Source | 20,216,000Source | -3,608,000Source | 0Source |
| Gain (Loss) on Termination of LeaseUSD | 15,800,000Source | 9,400,000Source | 4,400,000Source | — |
| General and Administrative ExpenseUSD | 7,309,000Source | 7,502,000Source | 13,610,000Source | 11,871,000Source |
| GoodwillUSD | — | — | 0Source | 63,583,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 62,456,000Source | 0Source |
| Income Tax Expense (Benefit)USD | 158,000Source | -2,382,000Source | 425,000Source | 486,000Source |
| InterestExpenseNonoperatingUSD | 12,739,000Source | 67,962,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -145,262,000Source | -91,471,000Source | -131,746,000Source | 15,779,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 100,000Source | 85,000Source | 24,000Source | -2,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -145,262,000Source | -91,471,000Source | -131,746,000Source | 15,779,000Source |
| Nonoperating Income (Expense)USD | -44,302,000Source | -49,900,000Source | -45,765,000Source | -26,848,000Source |
| Operating Lease, Lease IncomeUSD | 99,262,000Source | 128,857,000Source | 166,034,000Source | 151,249,000Source |
| Payments of Financing CostsUSD | 0Source | 0Source | 10,518,000Source | 0Source |
| Proceeds from Noncontrolling InterestsUSD | 0Source | 0Source | 2,775,000Source | 0Source |
| Provision for Loan, Lease, and Other LossesUSD | 4,815,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 118,915,000Source | 142,247,000Source | 174,965,000Source | 156,214,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -145,004,000Source | -93,768,000Source | -131,297,000Source | 16,263,000Source |
| Income Tax Expense (Benefit)USD | 158,000Source | -2,382,000Source | 425,000Source | 486,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 100,000Source | 85,000Source | 24,000Source | -2,000Source |
| Net Income (Loss) Attributable to ParentUSD | -145,262,000Source | -91,471,000Source | -131,746,000Source | 15,779,000Source |
| Earnings Per Share, BasicUSD per share | -9.81Source | -6.18Source | — | — |
| Earnings Per Share, DilutedUSD per share | -9.81Source | -6.18Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 14,814,075Source | 14,789,514Source | 14,631,265Source | 14,620,919Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 14,814,075Source | 14,789,514Source | 14,631,265Source | 14,620,919Source |
| Interest Expense (non-operating)USD | 12,739,000Source | 67,962,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 21,500,000Source | 35,400,000Source | 47,700,000Source | 36,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 12.3Source | — | 0.34Source | — |
| Costs and ExpensesUSD | 219,617,000Source | 186,115,000Source | 260,497,000Source | 113,103,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 35,878,000Source | 56,696,000Source | 74,998,000Source | 63,205,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -10,000Source | -448,000Source | -2,000Source | — |
| General and Administrative ExpenseUSD | 7,309,000Source | 7,502,000Source | 13,610,000Source | 11,871,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 62,456,000Source | 0Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -9Source | 1.08Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -9Source | 1.08Source |
| Interest ExpenseUSD | — | — | 42,613,000Source | 26,841,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -145,262,000Source | -91,471,000Source | -131,746,000Source | 15,779,000Source |
| Nonoperating Income (Expense)USD | -44,302,000Source | -49,900,000Source | -45,765,000Source | -26,848,000Source |
| Operating Lease, Lease IncomeUSD | 99,262,000Source | 128,857,000Source | 166,034,000Source | 151,249,000Source |
| Other IncomeUSD | 1,800,000Source | 2,000,000Source | 1,800,000Source | 2,400,000Source |