Net Lease Office Properties Declares Special Cash Distribution of $3.30 Per Share

Net Lease Office Properties (NYSE: NLOP) declared a special cash distribution of $3.30 per common share, totaling approximately $49 million, payable April 14, 2026 to holders of record as of March 30, 2026.

Rhea-AI Summary

Net Lease Office Properties (NYSE: NLOP) declared a special cash distribution of $3.30 per common share, totaling approximately $49 million, payable April 14, 2026 to holders of record as of March 30, 2026.

The company reported sales of two office properties for gross proceeds of approximately $35.2 million: a vacant St. Petersburg, FL property for $22.5 million and a Farmington Hills, MI property (North American Lighting) for $12.711 million. The sold portfolio totaled 242,867 square feet.

Positive

• Special distribution of $3.30 per share totaling ~$49 million
• Disposition of two properties generated $35.2 million in gross proceeds
• Sale reduced vacant asset exposure by disposing of 167,581 square feet in St. Petersburg

Negative

• Included a vacant property sale, signaling previously unleased asset exposure
• Gross proceeds of $35.2 million may indicate limited near-term cash cushion versus distribution size

Argus Mar 19 session

+4.27% close to close Open Argus

Details

News Market Reaction – NLOP

In the Mar 19 session, NLOP gained 4.27%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights another step in Net Lease Office Properties’ capital-return strategy, w...

Analysis

This announcement highlights another step in Net Lease Office Properties’ capital-return strategy, with a special cash distribution of $3.30 per share (about $49 million) funded by recent asset sales totaling roughly $35.2 million. It extends a pattern of distributing proceeds from office dispositions back to shareholders. Investors may focus on the pace of future property sales, remaining portfolio scale, and how ongoing distributions interact with longer-term earnings capacity.

Key Figures

Special cash distribution: $3.30 per share Total distribution amount: approximately $49 million Payment date: April 14, 2026 +5 more

Special cash distribution

$3.30 per share

Declared by Board; March 19, 2026 release

Total distribution amount

approximately $49 million

Aggregate value of $3.30 per-share special distribution

Payment date

April 14, 2026

Payable date for $3.30 per-share special distribution

Record date

March 30, 2026

Shareholders of record eligible for special distribution

Gross sale proceeds (total)

approximately $35.2 million

Total gross proceeds from two recently sold office properties

Gross sale proceeds (St. Petersburg)

$22,500 ($000s)

Vacant former Bankers Financial property, St. Petersburg, FL

ABR at sale (NAL property)

$1,084 ($000s)

Annual base rent for North American Lighting asset at time of sale

Total square footage sold

242,867 square feet

Combined size of the two disposed office assets

Historical Context

4 past events · Latest: Feb 06

4 events

1. Feb 06

   Tax distribution details

   24h Move

   +1.2%

   Provided 2025 tax characterization for prior special distributions to shareholders.

2. Jan 20

   Special distribution + sales

   24h Move

   -4.7%

   Announced $6.75 per-share special distribution and three property sales for $130.6M.

3. Dec 22

   Special distribution + sales

   24h Move

   -2.5%

   Declared $5.10 per-share special distribution funded by six property sales.

4. Nov 24

   Special distribution + sale

   24h Move

   +0.2%

   Declared $4.10 per-share special distribution linked to Thermo Fisher asset sale.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reit

1 terms

reit financial

"is a publicly traded real estate investment trust that owns a portfolio"

A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Announces Sales of Two Office Properties for $35 Million

NEW YORK, March 19, 2026 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees declared a special cash distribution of $3.30 per common share, totaling approximately $49 million. The distribution is payable on April 14, 2026 to shareholders of record as of the close of business on March 30, 2026.

The following properties were recently sold for gross proceeds totaling approximately $35.2 million.

Primary Tenant	Primary Tenant Industry	Location	ABR (at time of sale) ($000s)	Gross Sale Proceeds ($000s)	Square Feet
Vacant (formerly Bankers Financial)	N/A	St. Petersburg, FL	$ --	$22,500	167,581
North American Lighting	Auto Parts & Equipment	Farmington Hills, MI	$1,084	$12,711	75,286
Total			$1,084	$35,211	242,867

For additional information on NLOP — including an investor presentation, its latest annual report on Form 10-K and related filings — please visit the company's website.

Net Lease Office Properties

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust that owns a portfolio of high-quality, single-tenant office properties located in the U.S. and net leased to corporate tenants operating across a variety of industries.

www.nloproperties.com

Institutional Investors:
1-212-492-1140
institutionalir@nloproperties.com

Individual Investors:
1-844-NLO REIT (656-7348)
ir@nloproperties.com

Press Contact:
Anna McGrath
1-212-492-1166

View original content to download multimedia:https://www.prnewswire.com/news-releases/net-lease-office-properties-declares-special-cash-distribution-of-3-30-per-share-302718163.html

SOURCE Net Lease Office Properties

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the NLOP special cash distribution amount and payment date?

The special cash distribution is $3.30 per share payable April 14, 2026. According to the company, shareholders of record at the close of business March 30, 2026 will receive the payment.

How much did Net Lease Office Properties sell in assets and which properties were included?

Net Lease Office Properties sold two office properties for gross proceeds of $35.2 million. According to the company, the sales include a vacant St. Petersburg, FL asset and a Farmington Hills, MI asset leased to North American Lighting.

What are the proceeds and square footage of the sold properties reported by NLOP?

The company reported gross sale proceeds of $22.5M (167,581 sq ft) and $12.711M (75,286 sq ft). According to the company, combined proceeds totaled approximately $35.2 million and 242,867 square feet.

Who is eligible for the NLOP special distribution and what is the record date?

Shareholders of record as of the close of business on March 30, 2026 are eligible for the distribution. According to the company, the payable date for eligible holders is April 14, 2026.

How does the vacant St. Petersburg property factor into NLOP’s recent sales?

The company sold a previously vacant St. Petersburg, FL property for $22.5 million, removing a 167,581-square-foot unleased asset from its portfolio. According to the company, that sale contributed materially to the $35.2 million total proceeds.

Where can investors find more information about NLOP’s filings and investor materials?

Investors can access investor presentations, the latest Form 10-K and filings on the company website. According to the company, additional details and contacts are available at its investor relations pages and listed phone/email contacts.