9.48
+2.16%
Close of 9 Nov 2026, in USD
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About Net Lease Office Properties
From its filings with the US Securities and Exchange Commission
Net Lease Office Properties is based in New York, New York and is incorporated in Maryland. Its shares trade on NYSE under the ticker NLOP. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $118.9m and a net loss of $145.3m. At that date it held total assets of $453.4m and shareholders' equity of $293.9m.
Net Lease Office Properties (“NLOP” or the “Company”) is a Maryland real estate investment trust that, together with our consolidated subsidiaries, owns a diversified portfolio of office properties that are primarily leased to corporate tenants on a single-tenant, net-lease basis. Our net leases generally specify a base rent with rent increases and require the tenant to pay substantially all costs associated with operating and maintaining the property. We elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code (the “Code”) effective as of November 1, 2023.
The vast majority of our revenues originate from lease revenue provided by our real estate portfolio, which comprises single-tenant office facilities that are critical to our tenants’ operations. As of December 31, 2025, our portfolio comprised 24 properties, net-leased to 26 corporate tenants operating in a variety of industries, generating annualized base rent (“ABR”) of approximately $54.1 million. As of December 31, 2025, all of our properties were located in the United States. In January and February 2026, we sold four properties, including a property leased to our largest tenant (based on ABR as of December 31, 2025) (Note 17).
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Diversified REITs
- Listed since
- 2 Nov 2023
- Website
- nloproperties.com ↗
- Head office
- C/O W. P. CAREY INC., NEW YORK, NY, 10001
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- <br>Emerging growth company
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Net Lease Office Properties owns a portfolio of high-quality single-tenant properties located in the U.S.
- The company is a publicly traded real estate investment trust based in New York, United States.
- Properties are net leased to corporate tenants operating across a variety of industries.
Weaknesses
- The company operates in the Real Estate sector which faces significant market volatility risks.
- Single-tenant properties create concentration risk if a major corporate tenant defaults on its lease.
- Being based in New York exposes the firm to high local operational costs.
Opportunities
- Expanding the portfolio of high-quality properties in the U.S. can attract stable corporate tenants.
- Net lease structures offer predictable cash flows from long-term corporate tenant agreements.
- Growing demand for flexible office spaces presents opportunities for portfolio diversification.
Threats
- Economic downturns may cause corporate tenants to default on their net lease obligations.
- Shifts toward remote work reduce demand for traditional single-tenant office properties.
- Interest rate hikes increase financing costs for the real estate investment trust.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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