Net Lease Office Properties/$NLOP

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About Net Lease Office Properties

Net Lease Office Properties is a Maryland real estate investment trust that, together with its consolidated subsidiaries, owns a diversified portfolio of office properties that are primarily leased to corporate tenants on a single-tenant, net-lease basis. Its 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. Its portfolio includes approximately 1.2 million square feet of Green-Certified Buildings, 2 LEED-certified buildings, and 1 BREEAM-certified building.

Ticker

$NLOP

Primary listing

NYSE

Employees

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NLOP Metrics

BasicAdvanced
$431M
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-$10.61
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Bulls say / Bears say

Net Lease Office Properties returned to profit in Q1 2025, posting net income of $0.03 per share compared to a $1.88 loss in Q1 2024, as a result of fewer impairments and reduced interest expenses (SEC EDGAR)
On April 18, 2025, NLOP fully repaid its $36 million mezzanine loan from J.P. Morgan, completing its deleveraging strategy and lowering its debt service requirements (MarketScreener)
NLOP’s board declared a special cash payout of $3.10 per share on August 6, 2025, amounting to around $45.9 million in total—demonstrating strong liquidity and a focus on returning value to shareholders (Nasdaq)
National office vacancy remains high at 12.7%, compared to 8.2% before the pandemic, reflecting ongoing supply-demand imbalances and continued rental pressure for office REITs such as NLOP (FT)
Major office property owners like Vornado Realty Trust and SL Green have experienced share price drops between 10% and 27% in 2025, indicating widespread investor concerns that may also negatively impact NLOP’s valuation (FT)
Lenders are still cautious about the office space sector, seeking lower leverage ratios and more equity for refinancing, which could drive up borrowing costs and make it harder for NLOP to access capital (FT)
Data summarised monthly by Lightyear AI. Last updated on 1 Sept 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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