Net Lease Office Properties (NLOP)

Import this data to Google Sheets with:

=jivedata("NLOP","financials")

Full statements spill as a table. For one cell: =jivedata("NLOP","Revenue") or =jivedata("NLOP","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

Net Lease Office Properties

NLOP • CIK 0001952976

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Operating Lease, Lease Income	$166,034	$128,857	$99,262	$58,061
Revenues	$174,965	$142,247	$118,915	$75,911
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$-131,297	$-93,768	$-145,004	$-45,250
Income Tax Expense (Benefit)	$425	$-2,382	$158	$16
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-131,722	$-91,386	$-145,162	$-45,266
Net Income (Loss) Attributable to Noncontrolling Interest	$24	$85	$100	$144
Net Income (Loss) Attributable to Parent	$-131,746	$-91,471	$-145,262	$-45,410
Impairment of Real Estate	$63,143	$78,237	$140,814	$65,170
Depreciation, Depletion and Amortization, Nonproduction	$74,998	$56,696	$35,878	$21,487
Occupancy, Net	$8,642	$10,901	$8,588	$5,080
General and Administrative Expense	$13,610	$7,502	$7,309	$7,183
Business Exit Costs	$8,446	$16	$0	$0
Goodwill, Impairment Loss	$62,456	$0	$0	$0
Costs and Expenses	$260,497	$186,115	$219,617	$112,479
Gain (Loss) on Sale of Properties	$-3,608	$20,216	$-29,006	$8,404
InterestExpenseNonoperating	—	$67,962	$12,739	$3,369
Other Nonoperating Gains (Losses)	$456	$-2,154	$-2,557	$-13,717
Nonoperating Income (Expense)	$-45,765	$-49,900	$-44,302	$-8,682
Weighted Average Number of Shares Outstanding, Basic	14,631,265	14,789,514	14,814,075	14,814,075

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Cash Equivalents, at Carrying Value	$16,269	$25,121	$119,621	$23,663
Restricted Cash	$51,560	$43,305	$3,011	$3,652
Other Assets	$65,435	$29,200	$20,799	$9,825
Real Estate Investment Property, at Cost	$1,630,255	$970,825	$316,597	$267,694
Assets	$1,305,089	$805,069	$453,371	$200,903
Real Estate Investment Property, Accumulated Depreciation	$458,430	$292,679	$102,926	$100,279
Real Estate Investments, Net	$1,171,825	$707,443	$309,940	$167,415
Long-term Debt	$541,979	$169,216	$21,900	$21,900
Accounts Payable and Accrued Liabilities	$59,527	$44,145	$56,104	$9,968
Below Market Lease, Net	$10,643	$6,305	$1,990	$1,307
Dividends Payable	$1,060	$0	$75,552	$0
Liabilities	$623,659	$219,666	$155,546	$33,175
Preferred Stock, Value, Issued	$0	$0	$0	$0
Common Stock, Value, Issued	$15	$15	$15	$15
Additional Paid in Capital	$855,554	$855,813	$855,813	$855,813
Accumulated Distributions in Excess of Net Income	$142,960	$234,443	$561,917	$691,995
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-35,600	$-40,157	$0	$0
Stockholders' Equity Attributable to Parent	$677,009	$581,228	$293,911	$163,833
Stockholders' Equity Attributable to Noncontrolling Interest	$4,421	$4,175	$3,914	$3,895
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$681,430	$585,403	$297,825	$167,728
Secured Debt	$168,836	$111,259	$21,900	$21,900
Subordinated Debt	$106,299	$57,957	$0	$0
Preferred Stock, Shares Authorized	5,000,000	5,000,000	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0	0	0
Common Stock, Shares Authorized	45,000,000	45,000,000	45,000,000	45,000,000
Common Stock, Shares, Issued	14,620,919	14,814,075	14,814,075	14,814,075
Common Stock, Shares, Outstanding	14,620,919	14,620,919	14,814,075	14,814,075
Operating Lease, Liability	$4,678	$259	$178	$178
Derivative Asset, Fair Value, Gross Asset	$433	$10	$0	$0

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-131,722	$-91,386	$-145,162	$-45,266
Net Cash Provided by (Used in) Operating Activities	$70,966	$71,859	$64,111	$48,210
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$67,829	$68,426	$122,632	$130,904
Impairment of Real Estate	$63,143	$78,237	$140,814	$65,170
Proceeds from Sale of Real Estate Held-for-investment	$38,855	$309,750	$192,277	$286,844
Gain (Loss) on Sale of Properties	$-3,608	$20,216	$-29,006	$8,404
Provision for Loan, Lease, and Other Losses	—	—	$4,815	$15,850
Payments for (Proceeds from) Other Investing Activities	—	—	$5	$5
Straight Line Rent Adjustments	$-438	$2,313	$2,557	$1,624
Net Cash Provided by (Used in) Investing Activities	$27,693	$297,749	$208,242	$304,853
Deferred Income Tax Expense (Benefit)	$-1,201	$-3,271	$0	$0
Share-based Payment Arrangement, Expense	$2,904	$250	$0	$0
Goodwill, Impairment Loss	$62,456	$0	$0	$0
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$8,933	$-13,157	$7,994	$11,586
Repayments of Long-term Debt	—	$366,596	$111,480	$50,173
Proceeds from (Payments for) Other Financing Activities	$-526	$15	$-384	$-380
Payments of Ordinary Dividends, Noncontrolling Interest	$121	$331	$361	$286
Payments of Distributions to Affiliates	$343,885	$0	$0	$0
Proceeds from Issuance of Senior Long-term Debt	$317,263	$0	$0	$0
Proceeds from Issuance of Subordinated Long-term Debt	$113,646	$0	$0	$0
Payments of Financing Costs	$10,518	$0	$0	$0
Proceeds from Noncontrolling Interests	$2,775	$0	$0	$0
Net Cash Provided by (Used in) Financing Activities	$-36,778	$-367,984	$-218,885	$-381,933
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$-50	$-1,027	$738	$-4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$61,831	$597	$54,206	$-28,874
Lessee, Operating Lease, Liability, to be Paid, Year One	$503	$99	$13	$13
Lessee, Operating Lease, Liability, to be Paid, Year Two	$499	$13	$13	$13
Lessee, Operating Lease, Liability, to be Paid, Year Three	$403	$13	$14	$14
Lessee, Operating Lease, Liability, to be Paid, Year Four	$404	$14	$14	$14
Lessee, Operating Lease, Liability, to be Paid, after Year Five	$33,206	$2,585	$2,571	$2,571
Lessee, Operating Lease, Liability, to be Paid	$35,419	$2,738	$2,639	$2,639
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	$30,741	$2,479	$2,461	$2,461
Operating Lease, Liability	$4,678	$259	$178	$178

Loading financial statements…

Import this data to Google Sheets with:

=jivedata("NLOP","financials")

Full statements spill as a table. For one cell: =jivedata("NLOP","Revenue") or =jivedata("NLOP","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.