NYSE · NLOPReal EstateREITs

Net Lease Office Properties financials

$9.98−0.20%
Close Sep 29, 2026 · split-adjusted

Revenue

Net income

Income statement & cash flow

Fiscal yearFY25
Dec 31
FY24
Dec 31
FY23
Dec 31
Revenue$118.9M$142.2M$175.0M
Gross profit$118.9M$142.2M$175.0M
Gross margin100.0%100.0%100.0%
Operating income-$100.7M-$43.9M-$85.5M
Net income-$145.3M-$91.5M-$131.7M
Net margin−122.2%−64.3%−75.3%
Diluted EPS$-9.81$-6.18$-9.00
EBITDA$78.9M$113.3M$129.9M
Operating cash flow$64.1M$71.9M$71.0M
Free cash flow$60.1M$59.9M$59.8M
Diluted shares14.8M14.8M14.6M

Balance sheet

Period endDec 31Dec 31Dec 31
Cash & equivalents$119.6M$25.1M$16.3M
Short-term investments$0.00$0.00$0.00
Total debt$21.9M$169.2M$542.0M
Total assets$453.4M$805.1M$1.31B
Total liabilities$155.5M$219.7M$623.7M
Shareholders' equity$297.8M$585.4M$681.4M

From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology