Net Lease Office Properties.
- NLOP · NYSE
- Real Estate Investment Trusts
- New York, NY
- CIK 0001952976
Updated from SEC filings through
Top things to know
Revenue, FY2025$119M-16.4% vs FY2024
Next earningsNovember 6, 2026Announced
Latest 8-KRegulation FD disclosureFiled November 4, 2026 Executives
-
Jason E. Fox Chief Executive Officer and Chair of the Board 10-K, 2026-02-25 - ToniAnn Sanzone Chief Financial Officer 10-K, 2026-02-25
- Brian Zander Chief Accounting Officer 10-K, 2026-02-25
- Susan C. Hyde Corporate Secretary DEF 14A, 2026-04-16
Net Lease Office Properties is a U.S. public company in real estate investment trusts (SIC 6798), headquartered in New York, NY. It trades as NLOP on NYSE. Revenue was $119M in the fiscal year ending December 31, 2025, -16.4% from the year before. Jason E. Fox is Chief Executive Officer and Chair of the Board.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $119M 10-K, 2026-02-25 | $142M 10-K, 2026-02-25 | $175M 10-K, 2026-02-25 | $156M 10-K, 2025-02-27 | $148M 10-K, 2024-03-06 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | $7.3M 10-K, 2026-02-25 | $7.5M 10-K, 2026-02-25 | $13.6M 10-K, 2026-02-25 | $11.9M 10-K, 2025-02-27 | $10.3M 10-K, 2024-03-06 |
| Net income | -$145M 10-K, 2026-02-25 | -$91.5M 10-K, 2026-02-25 | -$132M 10-K, 2026-02-25 | $15.8M 10-K, 2025-02-27 | $1.4M 10-K, 2024-03-06 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Jason E. Fox | Chief Executive Officer and Chair of the Board | 10-K, 2026-02-25 |
| ToniAnn Sanzone | Chief Financial Officer | 10-K, 2026-02-25 |
| Brian Zander | Chief Accounting Officer | 10-K, 2026-02-25 |
| Susan C. Hyde | Corporate Secretary | DEF 14A, 2026-04-16 |
 Axel K.A. Hansing | Trustee | 10-K, 2026-02-25 |
 Jean Hoysradt | Trustee | 10-K, 2026-02-25 |
| John J. Park | Trustee | 10-K, 2026-02-25 |
| Richard J. Pinola | Trustee | 10-K, 2026-02-25 |
What Net Lease Office Properties does
Net Lease Office Properties (“NLOP” or the “Company”) is a Maryland real estate investment trust that, together with our consolidated subsidiaries, owns a diversified portfolio of office properties that are primarily leased to corporate tenants on a single-tenant, net-lease basis. Our net leases generally specify a base rent with rent increases and require the tenant to pay substantially all costs associated with operating and maintaining the property. We elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code (the “Code”) effective as of November 1, 2023.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 14.8 million (as of October 30, 2026) | 10-Q, November 4, 2026 |
|---|---|---|
| Public float | $479M (as of June 30, 2025) | 10-K, February 25, 2026 |
| Latest proxy statement | Meeting June 12, 2026 (filed April 16, 2026) | DEF 14A, April 16, 2026 |
| Auditor | PricewaterhouseCoopers LLP (New York, New York) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 24, 2025 | Richard J. Pinola Director | Buy | 1,012 | $30K | Form 4, September 25, 2025 |
Recent 8-K events
- 8-K filed 2026-11-04
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-05
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-25
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-06-12
- Item 8.01 Other events
- 8-K filed 2026-05-07
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-02-25
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-01-20
- Item 2.01 Completion of acquisition or disposition of assets
- 8-K filed 2025-11-07
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-08-06
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-06-17
- Item 5.07 Submission of matters to a vote of security holders
Frequently asked questions about Net Lease Office Properties
- What does Net Lease Office Properties do?
- In its own words, from Item 1 of its 10-K: "Net Lease Office Properties (“NLOP” or the “Company”) is a Maryland real estate investment trust that, together with our consolidated subsidiaries, owns a diversified portfolio of office properties that are primarily leased to corporate tenants on a single-tenant, net-lease basis. Our net leases generally specify a base rent with rent increases and require the tenant to pay substantially all costs associated with operating and maintaining the property. We elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code (the “Code”) effective as of November 1, 2023."
- What is Net Lease Office Properties's revenue?
- $119M for the fiscal year ending December 31, 2025, from its 10-K filed February 25, 2026.
- Is Net Lease Office Properties profitable?
- Net Lease Office Properties reported net income of -$145M for the fiscal year ending December 31, 2025.
- Who is the CEO of Net Lease Office Properties?
- Jason E. Fox, Chief Executive Officer and Chair of the Board, as named in a 10-K filed February 25, 2026.
- Who is the CFO of Net Lease Office Properties?
- ToniAnn Sanzone, Chief Financial Officer, as named in a 10-K filed February 25, 2026.
- Where is Net Lease Office Properties headquartered?
- New York, NY.
- What is Net Lease Office Properties's stock ticker?
- NLOP on NYSE.
- What industry is Net Lease Office Properties in?
- Real Estate Investment Trusts, SIC code 6798.
- What is Net Lease Office Properties's website?
- nloproperties.com.
- When does Net Lease Office Properties report earnings next?
- November 6, 2026. Source: ir_event.
- Is Net Lease Office Properties a public company?
- Yes. Net Lease Office Properties files with the SEC under CIK 0001952976 and trades as NLOP.
- Who audits Net Lease Office Properties?
- PricewaterhouseCoopers LLP, New York, New York, as named in its latest annual report (10-K).
- How many shares of Net Lease Office Properties are outstanding?
- 14.8 million shares as of October 30, 2026, from its 10-Q filed November 4, 2026.
- What is Net Lease Office Properties's public float?
- $479M as of June 30, 2025, as reported on the cover of its 10-K filed February 25, 2026.
- When is Net Lease Office Properties's annual shareholder meeting?
- June 12, 2026, per its proxy statement (DEF 14A) filed April 16, 2026.
- Have Net Lease Office Properties insiders traded stock recently?
- Since September 24, 2025, officers and directors reported 0 open-market sales and 1 purchase worth about $30K on Forms 4 and 5. The most recent: Richard J. Pinola (Director) bought 1,012 shares on September 24, 2025.