Net Lease Office Properties Declares Special Cash Distribution of $4.10 Per Share

Q: What special cash distribution did Net Lease Office Properties (NLOP) declare on November 24, 2025?

NLOP declared a $4.10 per share special cash distribution, totaling about $60.7 million .

Q: Which property did NLOP sell and how much were the gross proceeds?

NLOP sold the Morrisville, NC office property leased to Thermo Fisher Scientific for gross proceeds of approximately $33.0 million .

Q: What were the annual base rent and size of the sold NLOP property in Morrisville, NC?

At the time of sale the property had annual base rent of $4.063 million and measured 219,812 square feet .

Q: What is the NLOP ticker symbol for tracking the special distribution announcement?

The company's ticker symbol is NLOP on the New York Stock Exchange.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Net Lease Office Properties (NYSE: NLOP) declared a special cash distribution of $4.10 per common share, totaling approximately $60.7 million. The distribution is payable on December 19, 2025 to shareholders of record as of the close of business on December 4, 2025.

The company reported the recent sale of an office property leased to Thermo Fisher Scientific in Morrisville, NC, with gross sale proceeds of $33.0 million, annual base rent at time of sale of $4.063 million, and 219,812 square feet.

For more information, investors are directed to the company website for investor presentation and filings.

Positive

Special distribution of $4.10 per share totaling $60.7 million
Payable on December 19, 2025 to record holders on Dec 4, 2025
Sold Morrisville, NC property for $33.0 million in gross proceeds

Negative

None.

News Market Reaction – NLOP

+0.17%

1 alert

+0.17% Session close to close

$429.61M Market Cap

0.5x Rel. Volume

In the Nov 24 session, NLOP gained 0.17%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

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11/24/2025 - 03:50 PM

Announces Sale of Office Property for $33 Million

NEW YORK, Nov. 24, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees declared a special cash distribution of $4.10 per common share, totaling approximately $60.7 million. The distribution is payable on December 19, 2025 to shareholders of record as of the close of business on December 4, 2025.

The following property was recently sold for gross proceeds of approximately $33.0 million.

Tenant	Tenant Industry	Location	ABR (at time of sale) ($000s)	Gross Sale Proceeds ($000s)	Square Feet
Thermo Fisher Scientific	Pharmaceuticals	Morrisville, NC	$4,063	$33,000	219,812

For additional information on NLOP — including an investor presentation, its latest quarterly report on Form 10-Q 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, primarily 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-4-10-per-share-302624922.html

SOURCE Net Lease Office Properties

FAQ

What special cash distribution did Net Lease Office Properties (NLOP) declare on November 24, 2025?

NLOP declared a $4.10 per share special cash distribution, totaling about $60.7 million.

When is the NLOP special distribution payable and what is the record date?

The distribution is payable on December 19, 2025 to shareholders of record as of the close of business on December 4, 2025.

Which property did NLOP sell and how much were the gross proceeds?

NLOP sold the Morrisville, NC office property leased to Thermo Fisher Scientific for gross proceeds of approximately $33.0 million.

What were the annual base rent and size of the sold NLOP property in Morrisville, NC?

At the time of sale the property had annual base rent of $4.063 million and measured 219,812 square feet.

How can investors obtain more information about NLOP's special distribution and filings?

Investors can visit NLOP's website for the investor presentation, latest Form 10-Q, and related filings.

What is the NLOP ticker symbol for tracking the special distribution announcement?

The company's ticker symbol is NLOP on the New York Stock Exchange.