Net Lease Office Properties (NLOP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NLOP SEC filings page.
Net Lease Office Properties (NLOP) reported $75.9M in revenue over the twelve months to Jun 30, 2026, down 35.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
NLOP’s latest figures describe an asset-shrinking, loss-making structure that still produces operating cash, with financing and investment flows driving much of the movement.
By FY2025, the company reported a net loss of$145.3M while still producing operating cash flow of$64.1M ; that earnings-to-cash gap spans the latest two years. With depreciation and amortization at$35.9M , reported earnings appear heavily affected by noncash or other non-operating items rather than matching immediate operating cash losses, although the supplied figures do not identify the exact drivers.
Revenue fell
Assets fell
Financial Health Signals
Net Lease Office Properties does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Net Lease Office Properties passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Net Lease Office Properties reported a net loss of $145.3M while generating $64.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Net Lease Office Properties generated $6.4M in revenue in Q2 2026. This represents a decrease of 78.2% from the same quarter a year earlier. Against the prior quarter it is down 29.6%.
Net Lease Office Properties reported -$6.2M in net income in Q2 2026. This represents an increase of 92.4% from the same quarter a year earlier. Against the prior quarter it is down 124.8%.
Net Lease Office Properties earned -$0.42 per diluted share (EPS) in Q2 2026. This represents an increase of 92.4% from the same quarter a year earlier. Against the prior quarter it is down 124.9%.
Not reported for Q2 2026.
Cash & Balance Sheet
Net Lease Office Properties held $23.7M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Net Lease Office Properties's net profit margin was -97.4% in Q2 2026, showing the share of revenue converted to profit. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Net Lease Office Properties's ROE was -3.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 12.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 18.5 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
NLOP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4M-78.2% | $9.0M-69.1% | $30.7M+10.9% | $29.8M-5.4% | $29.2M-25.3% | $29.2M-33.6% | $27.7M | $31.5M |
| SG&A Expenses | $1.9M-11.8% | $1.9M+7.0% | $1.7M-10.4% | $1.7M-9.1% | $2.1M+14.0% | $1.8M-4.9% | $1.9M | $1.8M |
| Interest Expense | $390K-91.1% | $386K-93.3% | $936K-87.7% | $1.7M-85.9% | $4.4M-84.2% | $5.7M-72.4% | $7.6M | $11.7M |
| Income Tax | $23K-77.0% | $17K-79.3% | -$54K+98.3% | $30K-93.8% | $100K-32.9% | $82K-63.4% | -$3.2M | $485K |
| Net Income | -$6.2M+92.4% | $25.0M+4980.9% | -$53K+99.9% | -$64.2M-59.2% | -$81.5M-754.9% | $492K+101.8% | -$35.8M | -$40.3M |
| EPS (Basic) | -$0.42+92.4% | $1.69+5533.3% | -$0.01+99.6% | -$4.33-58.6% | -$5.50-754.8% | $0.03+101.6% | -$2.41+75.2% | -$2.73-1536.8% |
| EPS (Diluted) | -$0.42+92.4% | $1.69+5533.3% | -$0.01 | -$4.33-58.6% | -$5.50-754.8% | $0.03+101.6% | -$2.41+75.2% | -$2.73-1536.8% |
| Diluted Shares (Avg) | 15M0.0% | 15M0.0% | N/A | 15M+0.2% | 15M0.0% | 15M+0.2% | N/A | 15M+1.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
NLOP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $200.9M-70.0% | $258.0M-67.1% | $453.4M-43.7% | $522.6M-43.2% | $668.7M-36.0% | $784.1M-36.3% | $805.1M-38.3% | $919.9M+1415253746.2% |
| Cash & Equivalents | $23.7M-56.3% | $70.6M+150.8% | $119.6M+376.2% | $38.7M+7.2% | $54.1M+50.1% | $28.2M-29.2% | $25.1M+54.4% | $36.1M+3610199900.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $33.2M-79.8% | $84.0M-57.6% | $155.5M-29.2% | $88.3M-69.9% | $164.6M-56.7% | $197.9M-65.9% | $219.7M-64.8% | $293.8M |
| Long-Term Debt | N/A | N/A | $21.9M-87.1% | $47.1M-80.3% | $117.2M-64.2% | $148.5M-71.2% | $169.2M-68.8% | $239.4M |
| Total Equity | $163.8M-67.2% | $170.0M-70.8% | $293.9M-49.4% | $430.3M-30.8% | $500.0M-24.3% | $582.1M-10.1% | $581.2M-14.1% | $621.9M+956706053.8% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.
NLOP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.8M-84.6% | $8.1M-42.4% | $22.0M+109.5% | $16.3M-19.5% | $11.7M-20.3% | $14.1M-46.5% | $10.5M+47.7% | $20.3M |
| Depreciation & Amortization | $2.7M-71.7% | $2.3M-76.6% | $7.5M-33.3% | $9.0M-27.5% | $9.7M-35.9% | $9.7M-45.9% | $11.2M-48.4% | $12.4M |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | N/A | $0-100.0% | N/A | $100K |
| Investing Cash Flow | $492K-96.5% | $118.8M+1272.7% | $146.0M+239.2% | $39.5M-48.8% | $14.1M-90.7% | $8.7M-67.6% | $43.1M+33.3% | $77.2M |
| Financing Cash Flow | -$49.0M-37.1% | -$175.6M-581.2% | -$86.5M-23.8% | -$70.9M+23.7% | -$35.7M+79.4% | -$25.8M+19.6% | -$69.9M-414.2% | -$92.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $1K-99.9% | $0 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
NLOP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -97.4% | 277.0% | -0.2% | -215.4% | -279.5% | 1.7%+65.0pp | -129.1% | -128.0% |
| Return on Equity | -3.8%+12.5pp | 14.7%+14.6pp | 0.0%+6.1pp | -14.9%-8.4pp | -16.3%-18.2pp | 0.1%+4.4pp | -6.2% | -6.5% |
| Return on Assets | -3.1%+9.1pp | 9.7%+9.6pp | 0.0%+4.4pp | -12.3%-7.9pp | -12.2%-13.4pp | 0.1%+2.3pp | -4.4% | -4.4% |
| Debt-to-Equity | 0.200.0x | 0.49+0.2x | 0.07-0.2x | 0.11-0.3x | 0.23-0.3x | 0.26-0.5x | 0.29-0.5x | 0.39+0.4x |
| Asset Turnover | 0.030.0x | 0.040.0x | 0.070.0x | 0.060.0x | 0.040.0x | 0.040.0x | 0.03 | 0.03 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Net Lease Office Properties NLOP | FY2025 | $118.9M | -$145.3M | N/A | $142.5M | — |
| Peakstone Realty Trust PKST | FY2025 | $106.0M | -$307.7M | N/A | $780.6M | 9/100 |
| Postal Realty Trust, Inc PSTL | FY2025 | $95.8M | $14.1M | 14.8% | $691.8M | 58/100 |
| Brandywine Realty Trust BDN | FY2025 | $484.5M | -$178.2M | -36.8% | $463.2M | 8/100 |
| Piedmont Realty Trust, Inc. PDM | FY2025 | $565.0M | -$83.6M | -14.8% | $1.1B | 32/100 |
| PARAMOUNT GROUP, INC. PGRE | FY2024 | $757.5M | -$46.3M | -6.1% | $1.5B | 35/100 |
Where Net Lease Office Properties Ranks
Frequently Asked Questions
What is Net Lease Office Properties's annual revenue?
Net Lease Office Properties (NLOP) reported $118.9M in total revenue for fiscal year 2025. This represents a -16.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Net Lease Office Properties's revenue growing?
Net Lease Office Properties (NLOP) revenue declined by 16.4% year-over-year, from $142.2M to $118.9M in fiscal year 2025.
Is Net Lease Office Properties profitable?
No, Net Lease Office Properties (NLOP) reported a net income of -$145.3M in fiscal year 2025.
How much debt does Net Lease Office Properties have?
As of fiscal year 2025, Net Lease Office Properties (NLOP) had $119.6M in cash and equivalents against $21.9M in long-term debt.
Does Net Lease Office Properties pay dividends?
Yes, Net Lease Office Properties (NLOP) paid $12.30 per share in dividends during fiscal year 2025.
What is Net Lease Office Properties's return on equity (ROE)?
Net Lease Office Properties (NLOP) has a return on equity of -49.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Net Lease Office Properties's operating cash flow?
Net Lease Office Properties (NLOP) generated $64.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Net Lease Office Properties's total assets?
Net Lease Office Properties (NLOP) had $453.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Net Lease Office Properties's debt-to-equity ratio?
Net Lease Office Properties (NLOP) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Net Lease Office Properties's return on assets (ROA)?
Net Lease Office Properties (NLOP) had a return on assets of -32.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Net Lease Office Properties's P/E ratio?
Net Lease Office Properties (NLOP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $142.5M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Net Lease Office Properties's price-to-sales ratio?
Net Lease Office Properties (NLOP) trades at 1.9x sales, its market capitalization divided by revenue of $75.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $142.5M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Net Lease Office Properties's Piotroski F-Score?
Net Lease Office Properties (NLOP) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Net Lease Office Properties's earnings high quality?
Net Lease Office Properties (NLOP) reported a net loss of $145.3M while generating $64.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.