Net Lease Office Properties
Net Lease Office Properties (NYSE: NLOP) is a real estate investment trust that owns U.S. office properties leased primarily to corporate tenants on a single-tenant, net-lease basis. Its leases generally provide for base rent with increases and require tenants to cover substantially all property operating and… From the company’s description.
Over the twelve months to Sep 30, 2026, Net Lease Office Properties reported revenue of $52.03M, down 55.1% from a year earlier, and net income of $18.27M. Its operating margin was −4.1%, and operations generated $32.63M in cash. In fiscal 2025, it reported revenue of $118.92M, down 16.4% from fiscal 2024, and a net loss of $145.16M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Net Lease Office Properties does
In the company’s own words
Net Lease Office Properties (NYSE: NLOP) is a real estate investment trust that owns U.S. office properties leased primarily to corporate tenants on a single-tenant, net-lease basis. Its leases generally provide for base rent with increases and require tenants to cover substantially all property operating and maintenance costs. The company focuses on managing and selling properties over time, with disposition proceeds intended for shareholder distributions, debt repayment and property investment. NLOP has one operating business and reports no separate business segments. As of December 31, 2025, its portfolio comprised 24 properties with approximately 3.4 million net-leased square feet, leased to 26 tenants; the properties generated about $54.1 million in annualized base rent. W. P. Carey formed NLOP in 2022 and spun off 59 office assets to it in November 2023, creating a separately traded company. NLOP elected real estate investment trust tax status effective November 1, 2023, and is externally managed by affiliates of W. P. Carey. Its website is http://www.nloproperties.com.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1952976
- SIC
- 6798
Financial performance, year by year
Fiscal 2023–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Net Lease Office Properties — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Net Lease Office Properties’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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