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Net Lease Office Properties

NLOP

Net Lease Office Properties is a real estate investment trust focused on the ownership and strategic management of a diversified portfolio of office properties.

Market cap
$168.44M-65.7%
Revenue$98.7M-22.5%
Net income-$120.8M-91.3%
EPS (diluted)-$8.15-90.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 2 weeks)

Financials

Q1 2026

Income statement

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Revenue$9.0M-69.1%
Net income$25.0M+4,981%
EPS (diluted)$1.69+5,533%

Balance sheet

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Cash & equivalents$74.0M+12.6%
Total debt$21.9M-85.8%
Total equity$170.0M-70.8%
Total assets$258.0M-67.1%

Cash flow

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Operating cash flow$8.1M-42.4%

Valuation & ratios

Valuation

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Market cap$168.44M-65.7%
Enterprise value$116.31M-79.9%
P/S1.7×-2.4×

Profitability

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Net margin-122.3%-383pp

Returns & leverage

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Return on equity-32.1%-60.6pp
Debt / equity0.1×-0.1×

Competitors

Profile

Net Lease Office Properties is a real estate investment trust focused on the ownership and strategic management of a diversified portfolio of office properties. The company primarily leases its assets to corporate tenants under long-term, single-tenant net-lease arrangements, where tenants are responsible for most operating costs. Its core strategy involves realizing shareholder value through the systematic disposition of assets and disciplined capital management.

Competitive position

NLOP operates as a specialized vehicle for liquidating a specific portfolio of office assets formerly held by W. P. Carey Inc.

GeographiesUnited States
Customer segmentsCorporate, Enterprise
Business modelNet Lease, Asset Disposition, Externally Managed REIT
SuppliersExternal advisory services, Debt financing providers, Real estate brokerage services
CustomersCorporate office tenants, Institutional real estate buyers, Private equity real estate firms
Listed2023
Employees197.0
CEOJason E. Fox
FilingsSEC EDGAR

Questions, answered.

What is Net Lease Office Properties's market cap?
Net Lease Office Properties (NLOP) has a market capitalization of $168.4M and trades on NYSE.
What is Net Lease Office Properties's revenue and profitability?
Net Lease Office Properties generated $98.7M in trailing twelve-month revenue with a net loss of $120.8M, representing a net margin of -122.3%. These figures are based on the Q1 2026 filing.
Who are Net Lease Office Properties's competitors?
Net Lease Office Properties's key competitors include Orion Office REIT Inc., Highwoods Properties, Inc., Cousins Properties Incorporated, and others. These companies compete in similar markets and product categories.
Who does Net Lease Office Properties partner with?
Net Lease Office Properties's notable partners include W. P. Carey Inc..
Where is Net Lease Office Properties headquartered?
Net Lease Office Properties is headquartered in United States of America and employs approximately 197 people. It has been publicly traded since 2023.