Stocks Real estate NLOP
NYSE · Real estateNet Lease Office Properties (NLOP)
Net Lease Office Properties brought in $52M of revenue over the twelve months to September 30, 2026, down 55.1% from a year earlier. Net income was $18.1M, a net margin of 34.8%. At September 30, 2026 it held $30.6M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Net Lease Office Properties
- Net worth
- Net Lease Office Properties has a market value (market cap) of $140.7M at the latest share price, and shareholders' equity of $163.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $118.9M (-16.4% year on year), with a net loss of $145.3M. Over the 12 months to September 30, 2026: revenue $52M, net income $18.1M.
- Cash flow
- In fiscal 2025 operations brought in $64.1M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Net Lease Office Properties's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Net Lease Office Properties declared dividends of $12.30 per share in fiscal 2025, a yield of 129.47% at the current price.
What Net Lease Office Properties does
Net Lease Office Properties is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker NLOP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $118.9M | -$145.3M | -$9.81 | n/a |
| 2024 | $142.2M | -$91.5M | -$6.18 | n/a |
| 2023 | $175M | -$131.7M | -$9.00 | n/a |
| 2023 | $156.2M | $15.8M | $1.08 | n/a |
| 2021 | $147.9M | $1.4M | n/a | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NLOP ranks in Real estate
Dividends
Net Lease Office Properties declared $12.30 per share in fiscal 2025. At the current price that is a yield of 129.47%.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $12.30 | n/a | n/a |
| 2024 | $0.34 | $1.1M | n/a |
| 2023 | $0.34 | $0 | n/a |
| 2023 | $0.00 | $0 | 0% |
Latest SEC filings
What Net Lease Office Properties has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 80% to $5.9M versus the same quarter last year; diluted EPS -$0.04 versus -$4.33.
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- August 5, 2026
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 78% to $6.4M versus the same quarter last year; diluted EPS -$0.42 versus -$5.50.
- July 31, 2026Passive stake changed SCHEDULE 13G/A
- June 25, 2026
- June 15, 2026Additional proxy material DEFA14A
- June 12, 2026Additional proxy material DEFA14A
- June 12, 2026Other event 8-K
Insider trades
What the people running Net Lease Office Properties did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns NLOP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 5.09% | July 31, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 238 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 1,649,290 | +1,982 |
| Vanguard Capital Management LLC | 654,700 | -224,812 |
| State Street Corp | 450,213 | +30,811 |
| Geode Capital Management, LLC | 386,641 | +20,907 |
| Marshall Wace, Llp | 384,016 | new |
| Arrowstreet Capital, Limited Partnership | 330,459 | +242,701 |
| Two Sigma Investments, LP | 235,521 | -49,001 |
| K2 Principal Fund, L.P. | 186,702 | +26,417 |
| Millennium Management LLC | 185,861 | -117,067 |
| Dimensional Fund Advisors LP | 182,889 | +10,056 |
| Goldman Sachs Group Inc | 172,284 | +82,466 |
| GABELLI & Co INVESTMENT ADVISERS, INC. | 133,151 | +46,786 |
| UBS Group AG | 124,079 | +109,979 |
| Northern Trust Corp | 120,480 | +8,185 |
| Lazard Asset Management LLC | 108,648 | +382 |
| Man Group plc | 103,820 | -67,948 |
| Morgan Stanley | 103,308 | -2,538 |
| Aqr Capital Management LLC | 101,979 | +30,705 |
| Vanguard Portfolio Management LLC | 100,703 | +14,477 |
| Vanguard Fiduciary Trust Co | 100,533 | +7,901 |
Insiders
Questions about NLOP
What does Net Lease Office Properties do?
Net Lease Office Properties is a company in the Real estate sector, listed on NYSE as NLOP. Its shares trade on NYSE under the ticker NLOP.
What is Net Lease Office Properties's net worth?
Net Lease Office Properties has a market value (market cap) of $140.7M at the latest share price, and shareholders' equity of $163.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Net Lease Office Properties profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $18.1M on revenue of $52M, a net margin of 34.8%.
How much revenue does Net Lease Office Properties make?
Over the twelve months to September 30, 2026 Net Lease Office Properties reported revenue of $52M. That is 55.1% less than a year earlier.
When did Net Lease Office Properties last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026.
When is Net Lease Office Properties's next earnings report?
Net Lease Office Properties's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Net Lease Office Properties pay a dividend?
Yes. Net Lease Office Properties declared dividends of $12.30 per share in fiscal 2025, a yield of 129.47% at the current price.
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Where the numbers come from
Financial figures are the values Net Lease Office Properties tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.