Net Lease Office Properties (NLOP) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Net Lease Office Properties reported revenue of $118.9M, down 16.4% from $142.2M the year before. Net income was -$145.3M (a -122.2% net margin), or -$9.81 per diluted share. Gross margin was -84.7% and operating margin was -121.0%. Operating activities generated $64.1M of cash. At fiscal year end, Net Lease Office Properties held $453.4M in total assets against $155.5M in total liabilities, including $119.6M of cash and equivalents.
Open the full interactive Net Lease Office Properties financials → Quarterly statements, key ratios, valuation history and price charts.
Net Lease Office Properties Key Stats
| Share Price | $9.62 |
|---|---|
| Market Cap | $142.5M |
| Revenue YoY Growth | -16.4% |
| 52-Week Range | $9.54 – $13.37 |
| Shares Outstanding | 14.8 million (basic, 2026 Q2) |
Net Lease Office Properties Income Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Revenue | $175.0M | $142.2M | $118.9M |
| Cost of Goods Sold | $260.5M | $186.1M | $219.6M |
| Gross Profit | -$85.5M | -$43.9M | -$100.7M |
| Operating Income | -$174.1M | -$108.1M | -$143.9M |
| Pre-Tax Income | -$131.3M | -$93.8M | -$145.0M |
| Income Tax | $425,000 | -$2.4M | $158,000 |
| Net Income | -$131.7M | -$91.5M | -$145.3M |
| Diluted EPS | -$9.00 | -$6.18 | -$9.81 |
Net Lease Office Properties Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $29.8M | $30.7M | $9.0M | $6.4M |
| Net Income | -$64.2M | -$53,000 | $25.0M | -$6.2M |
| Diluted EPS | -$4.33 | -$0.00 | $1.69 | -$0.42 |
Net Lease Office Properties Balance Sheet
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash & Equivalents | $16.3M | $25.1M | $119.6M |
| Total Assets | $1.31B | $805.1M | $453.4M |
| Total Long-Term Debt | $542.0M | $169.2M | $21.9M |
| Total Liabilities | $623.7M | $219.7M | $155.5M |
| Shareholders' Equity | $677.0M | $581.2M | $293.9M |
Net Lease Office Properties Cash Flow Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash From Operations | $71.0M | $71.9M | $64.1M |
| Cash From Investing | $27.7M | $297.7M | $208.2M |
| Cash From Financing | -$36.8M | -$368.0M | -$218.9M |
| Dividends Paid | $1.1M | — | — |
Figures from Net Lease Office Properties' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Net Lease Office Properties financials page for every line item.
Net Lease Office Properties Company Profile
| Ticker | NLOP |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001952976 |
Frequently Asked Questions
What was Net Lease Office Properties' revenue in fiscal 2025?
Net Lease Office Properties (NLOP) reported revenue of $118.9M for fiscal 2025.
What is Net Lease Office Properties' annual revenue history?
Net Lease Office Properties' annual revenue by fiscal year: 2023: $175.0M; 2024: $142.2M; 2025: $118.9M.
What was Net Lease Office Properties' net income in fiscal 2025?
Net Lease Office Properties reported net income of -$145.3M for fiscal 2025.
What was Net Lease Office Properties' earnings per share (EPS) in fiscal 2025?
Net Lease Office Properties' diluted EPS was -$9.81 for fiscal 2025 (adjusted for any later stock splits).
What was Net Lease Office Properties' revenue last quarter?
In its most recent reported quarter (2026 Q2), Net Lease Office Properties reported revenue of $6.4M.
How much debt does Net Lease Office Properties have?
Net Lease Office Properties reported $21.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Net Lease Office Properties are outstanding?
Net Lease Office Properties reported a weighted average of 14.8 million basic shares outstanding in 2026 Q2.
What is Net Lease Office Properties' market cap?
Based on its latest closing price, Net Lease Office Properties (NLOP) has a market capitalization of about $142.5M.
When does Net Lease Office Properties' fiscal year end?
Net Lease Office Properties' fiscal year end, as registered with the SEC, is December 31.
Where is Net Lease Office Properties headquartered?
Net Lease Office Properties lists its business address in New York, New York in its SEC filings.