Net Lease Office Properties (NLOP) Company Report

For the three months ended December 31, 2025, Net Lease Office Properties (NLOP) reported a net loss attributable to NLOP of $(53) thousand and $0.00 per diluted share, with AFFO attributable to NLOP per diluted share of $1.49.
NLOP paid a special cash distribution of $6.75 per share (approximately $100 million) on February 17, 2026, bringing total distributions since formation to $19.39 per share (approximately $287 million).
The company continues its strategy of asset disposition, having sold 39 properties with $97 million in annualized base rent (ABR) since inception, reducing its portfolio to 20 properties with $27 million ABR.
Subsequent to December 31, 2025, NLOP completed the disposition of 4 properties for gross proceeds of $118,223 thousand, including assets leased to KBR, Google, ICF, and S&ME.

3 days ago

Net Lease Office Properties Provides Update on Strategic Dispositions and Shareholder Distributions

NLOP

Dividends

Net Lease Office Properties (NLOP), a REIT spun out of W. P. Carey in 2023, is focused on realizing value through the strategic disposition of its portfolio.
Since its inception, NLOP has significantly reduced its portfolio, disposing of 39 properties with $97 million of annualized base rent (ABR), resulting in a current portfolio of 20 properties with $27 million of ABR.
Proceeds from these dispositions have been used to fully repay $455 million of debt and fund substantial shareholder distributions.
Most recently, on February 17, 2026, NLOP paid a special cash distribution of $6.75 per share (approximately $100 million), bringing total distributions since formation to $19.39 per share (approximately $287 million).

3 days ago

Net Lease Office Properties Completes KBR Property Disposition

NLOP

M&A

Net Lease Office Properties (NLOP) completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, on January 15, 2026.
The sale was made to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.
Unaudited pro forma consolidated financial statements were provided to reflect the estimated effect of this disposition on past periods.
The pro forma adjustments indicate that the Net Loss Attributable to NLOP for the nine months ended September 30, 2025, would have been $(69,833) thousand (historically $(145,209) thousand), and for the year ended December 31, 2024, it would have been $(102,100) thousand (historically $(91,471) thousand).

Jan 20, 2026, 9:08 PM

NLOP Declares Special Cash Distribution and Announces Property Sales

NLOP

Dividends

New Projects/Investments

Net Lease Office Properties (NLOP) declared a special cash distribution of $6.75 per common share, totaling approximately $100 million.
The distribution is payable on February 17, 2026, to shareholders of record as of January 30, 2026, with the ex-dividend date being February 18, 2026.
The company also announced the sale of three office properties for gross proceeds totaling approximately $130.6 million.

Jan 20, 2026, 9:05 PM

Net Lease Office Properties Reports Q3 2025 Results, Continues Asset Dispositions and Debt Repayment

NLOP

Earnings

Dividends

Net Lease Office Properties (NLOP) reported a net loss attributable to NLOP of $(64,161) thousand and AFFO attributable to NLOP of $19,931 thousand for the three months ended September 30, 2025.
Since its 2023 spin-out, NLOP has disposed of 27 properties, reducing its portfolio to 32 properties with $73 million of annualized base rent (ABR) as of September 30, 2025.
The company has used disposition proceeds to fully repay $455 million of debt originated at spin, including the J.P. Morgan senior secured mortgage and mezzanine loan, with total consolidated debt at $47,120 thousand as of September 30, 2025.
NLOP declared a special cash distribution of $3.10 per share in August 2025, and received a $13.0 million lease termination fee from Master Lock in October 2025.

Nov 7, 2025, 9:13 PM

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