NLOP reported Q4 2025 revenues, including reimbursable costs, of USD 30.7 million and a net loss attributable to shareholders of USD 0.1 million (USD 0.00 per diluted share). NLOP posted FFO (as defined by NAREIT) attributable to shareholders of USD 15.6 million (USD 1.05 per diluted share) and AFFO attributable to shareholders of USD 22.0 million (USD 1.49 per diluted share). Normalized pro rata cash NOI was USD 12.4 million in Q4 2025. As of December 31, 2025, NLOP reported portfolio occupancy of 79.0%, ABR of USD 54.1 million, a weighted-average lease term of 3.9 years, and ABR from investment grade tenants of 30.3%. During Q4 2025, NLOP sold 8 properties for gross proceeds of USD 133.6 million and declared special cash distributions of USD 136.3 million, or USD 9.20 per share (including distributions declared in November 2025 and December 2025). Subsequent to quarter-end, NLOP sold 4 additional properties for gross proceeds of USD 118.2 million and declared a special cash distribution of USD 100.0 million, or USD 6.75 per share.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Net Lease Office Properties published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001952976-26-000013), on February 25, 2026, and is solely responsible for the information contained therein.
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