NLOP
Net Lease Office Properties
NYSE: NLOP · REAL ESTATE · REIT - OFFICE
$13.06
+1.01% today
Updated 2026-04-30
Market cap
$195.69M
P/E ratio
—
P/S ratio
1.85x
EPS (TTM)
$-9.81
Dividend yield
—
52W range
$9 – $13
Volume
0.2M
Net Lease Office Properties (NLOP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $174.50M | $144.76M | $147.91M | $156.21M | $174.97M | $142.25M | $120.00M |
| Revenue growth (YoY) | — | -17.0% | +2.2% | +5.6% | +12.0% | -18.7% | -15.6% |
| Cost of revenue | $34.13M | $28.44M | $30.08M | $32.00M | $37.84M | $43.66M | $109.41M |
| Gross profit | $140.37M | $116.32M | $117.83M | $124.21M | $137.12M | $98.58M | $10.59M |
| Gross margin | 80.4% | 80.4% | 79.7% | 79.5% | 78.4% | 69.3% | 8.8% |
| R&D | — | — | — | — | $0.00 | — | — |
| SG&A | $12.31M | $9.36M | $10.31M | $11.87M | $13.61M | $7.50M | $7.31M |
| Operating income | $58.63M | $49.80M | $48.94M | $43.11M | $40.07M | $34.37M | $35.29M |
| Operating margin | 33.6% | 34.4% | 33.1% | 27.6% | 22.9% | 24.2% | 29.4% |
| EBITDA | $132.19M | $108.92M | $92.87M | $109.34M | $-7.29M | $53.13M | $-95.32M |
| EBITDA margin | 75.7% | 75.2% | 62.8% | 70.0% | -4.2% | 37.4% | -79.4% |
| EBIT | $56.60M | $48.95M | $31.70M | $43.10M | $-88.68M | $-25.81M | $-132.28M |
| Interest expense | $41.93M | $32.14M | $32.47M | $26.84M | $42.61M | $67.96M | $12.73M |
| Income tax | $843000.00 | $800000.00 | $1.65M | $486000.00 | $425000.00 | $-2.38M | — |
| Effective tax rate | 5.7% | 4.8% | 53.7% | 3.0% | -0.3% | 2.5% | 0.0% |
| Net income | $13.83M | $16.02M | $1.42M | $15.78M | $-131.75M | $-91.47M | $-145.26M |
| Net income growth (YoY) | — | +15.8% | -91.1% | +1012.8% | -934.9% | +30.6% | -58.8% |
| Profit margin | 7.9% | 11.1% | 1.0% | 10.1% | -75.3% | -64.3% | -121.1% |