Net Lease Office Properties (NLOP) Form 10-Q — Aug 5, 2026
Net Lease Office Properties filed its Q2 2026 10-Q showing total revenues of $6.4 million for the quarter, down from $29.2 million a year earlier, as its disposition program shrank the portfolio to 18 properties and 10 tenants. Six-month net income attributable to NLOP was $18.8 million ($1.27 per share), driven by $33.2 million of gains on real estate sales and much lower impairment charges. The most significant disclosure is a default: the company's $21.9 million non-recourse mortgage (7.0% fixed rate), collateralized by a now-vacant property formerly leased to Intuit, was not repaid at its July 6, 2026 maturity.
Key figures
- Eps
- 1.27
- Revenue
- 15383000
- Net Income
- 18804000
- Total Debt
- 21900000
- Total Assets
- 200903000
- Cash Position
- 23663000
- Interest Rate
- 7
- Maturity Date
- 2026-07-06
- Tenants
- 10
- Properties
- 18
- Q2 2026 ffo
- 3058000
- Abr dec 2025
- 54122000
- H1 2026 affo
- 9378000
- Q2 2025 affo
- 16909000
- Q2 2026 affo
- 3254000
- Abr june 2026
- 24763000
- Occupancy pct
- 68.4
- Debt fair value
- 16624000
- Q2 2025 revenue
- 29174000
- Q2 2026 revenue
- 6358000
- Shares outstanding
- 14814075
- Default interest rate pct
- 5
- Distributions paid h1 2026
- 224434000
- Q2 2026 impairment charges
- 7093000
- Allowance for credit losses
- 11000000
- H1 2026 disposition proceeds
- 128000000
- Weighted avg lease term years
- 2.7
- Properties sold since jan 2025
- 21
- H1 2026 gain on sale of real estate
- 33151000
- Dispositions since jan 2025 proceeds
- 340300000
- Dividends declared per share h1 2026
- 10.05
Price after filing
Close on the filing date to close N calendar days later (from $11.93). Historical, not a forecast.
AI analysis
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