Net Lease Office Properties

NLOP

Market cap $292M

Announces Sales of Six Office Properties for $76 Million NEW YORK , Dec. 22, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees declared a special cash distribution of $5.10 per common share, totaling approximately $75.6 million. The distribution is payable on January 20, 2026 to shareholders of record as of the close of business on January 2, 2026.

Net Lease Office Properties is a REIT focused on office assets, primarily engaged in asset dispositions post-spin-off from W.P. Carey. NLOP has stabilized its balance sheet with only $47M in debt and $38M in cash, while maintaining positive funds from operations. Recent large, non-dividend distributions reflect asset liquidations, but regular dividends remain uncertain due to ongoing GAAP losses and disposition strategy.

Announces Sale of Office Property for $33 Million NEW YORK , Nov. 24, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees declared a special cash distribution of $4.10 per common share, totaling approximately $60.7 million. The distribution is payable on December 19, 2025 to shareholders of record as of the close of business on December 4, 2025.

FILA declined during the quarter as a result of an analyst downgrade amidst an uncertain US outlook. During the quarter NLOP paid its first, and hopefully many more, special dividend of $3.10/share totalling $46m. Mestek Inc. is a new position and last year they did $400m in revenue and $34m in operating earnings.

NLOP has begun its capital return program, declaring a $3.10 special dividend as it enters the liquidation phase. Current valuation offers a significant margin of safety, with remaining assets trading at attractive cap rates. Recent property sales and lease extensions demonstrate management's ability to unlock value despite office market headwinds.

NEW YORK , Aug. 6, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees has declared a special cash distribution of $3.10 per common share, totaling approximately $45.9 million. The distribution is payable on September 3, 2025 to shareholders of record as of the close of business on August 18, 2025.

Two Office Properties Sold Totaling $10 Million NEW YORK , April 23, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) today announced the repayment in full of the J.P. Morgan mezzanine loan and the sale of two office properties.

Net Lease Office Properties is in the process of liquidating all its properties and dispose all the returns to shareholders after all the debt is paid back. Judging from where the stock is currently trading, it is priced at a 25% discount to its balance sheet book value. Even accounting for a scenario where NLOP sells its properties for a cap rate above 12%, the downside is still limited.

After a brutal December (-6.85%), the REIT sector averaged negative total returns again in January (-1.29%). Large cap (+0.30%) and mid cap REITs (+0.09%) averaged small gains in January, whereas small caps (-0.95%) and micro caps (-7.80%) started the year in the red. Only 42.58% of REIT securities had a positive total during the first month of 2025.

NEW YORK , Jan. 22, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) announced the income tax treatment of dividends reported on Form 1099-DIV for 2024. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Net Lease Office Properties dividends.