Net Lease Office Properties (NLOP) Income Statement

Net Lease Office Properties reported revenue of $118.92M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 16.4% from $142.25M a year earlier. Net Lease Office Properties posted a net loss of $145.26M, compared with a net loss of $91.47M a year earlier. Gross margin was 73.9% and operating margin -84.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $6.36M, down 78.2% from the same quarter a year earlier.

Net Lease Office Properties Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Net Lease Office Properties income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	118.92	142.25	174.97	156.21	147.91	144.77
Cost of Revenue	35.62	43.66	37.84	32.00	30.08	28.44
Gross Profit	87.88	104.83	137.12	124.21	117.83	116.32
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	11.89	13.75	22.06	17.90	10.31	9.36
Operating Expenses	47.99	64.21	97.05	81.10	68.89	116.32
Operating Income	-100.70	-43.87	40.07	43.11	48.94	0.00
Other Income/Expense
Interest Income	2.10	0.00	0.00	0.00	0.00	0.00
Interest Expense	12.74	67.96	42.61	26.84	32.47	32.14
Other Income/Expense	-44.30	-49.90	-171.36	-26.85	-45.88	16.82
Income
Income Before Tax	-145.00	-93.77	-131.30	16.26	3.06	16.82
Income Tax Expense	-0.16	2.38	0.43	0.49	1.65	0.80
Net Income	-145.26	-91.47	-131.75	15.78	1.42	16.02
Net Income - Continuous Operations	-145.16	-91.47	-131.75	15.78	1.42	16.02
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	65.91	113.32	-7.29	109.34	92.87	107.83
EBIT	27.11	34.39	48.51	49.14	31.71	49.80
Depreciation & Amortization	35.88	78.94	81.40	66.23	61.16	58.03
Earnings Per Share
Basic EPS	-10.00	-6.00	-9.00	1.00	2.00	1.00
Diluted EPS	-10.00	-6.00	-9.00	1.00	2.00	1.00
Basic Shares Outstanding	14.81	14.79	14.63	14.26	14.26	14.26
Diluted Shares Outstanding	14.81	14.79	14.63	14.26	14.26	14.26

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Net Lease Office Properties Financial Statements

What was Net Lease Office Properties's revenue in fiscal 2025?

Net Lease Office Properties reported revenue of $118.92M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 16.4% from $142.25M a year earlier.

Is Net Lease Office Properties profitable?

No. Net Lease Office Properties reported a net loss of $145.26M in fiscal 2025. In fiscal 2024 it lost $91.47M.

What is Net Lease Office Properties's operating margin?

Net Lease Office Properties's operating income was −$100.70M on revenue of $118.92M in fiscal 2025, an operating margin of -84.7%, compared with -30.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition