Net Lease Office Properties (NLOP) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Net Lease Office Properties generated $64.11M of operating cash flow and spent $4.03M on capital expenditures. That left free cash flow of $60.08M, up 0.4% from $59.86M a year earlier, or 50.5% of revenue. It paid $106.66M in dividends.

Net Lease Office Properties Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Net Lease Office Properties (NLOP) - 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
Operating Activities
Net Income	-145.16	-91.39	-131.72	15.78	1.42	16.02
Depreciation & Amortization	39.76	85.29	81.26	64.28	61.16	58.03
Deferred Income Tax	0.00	-3.27	-1.20	-1.04	-0.23	-0.10
Stock Based Compensation	0.00	0.25	2.90	3.16	2.40	1.62
Change in Working Capital	-7.99	13.16	-8.93	1.08	-2.67	1.45
Change in Other Working Capital	-7.99	13.16	-8.93	1.08	-2.67	1.45
Other Operating Activities	177.51	64.55	127.46	-0.01	13.26	-5.29
Net Cash from Operating Activities	64.11	71.86	70.97	84.28	75.34	73.66
Investing Activities
Capital Expenditures	-4.03	-12.00	-11.16	-4.72	-4.18	-4.49
Acquisitions	0.00	0.00	0.00	-20.97	0.00	0.00
Other Investing Activities	20.00	297.75	0.00	-18.20	10.50	0.00
Net Cash from Investing Activities	208.24	297.75	27.69	-22.92	-4.18	-4.49
Financing Activities
Debt Repayment	-111.48	-366.60	-63.70	-39.94	-264.08	-74.85
Dividends Paid	-106.66	-1.07	0.00	0.00	0.00	0.00
Other Financing Activities	-0.75	-0.32	-403.98	-24.60	186.83	9.05
Net Cash from Financing Activities	-218.89	-367.98	-36.78	-64.54	-77.25	-65.81
Summary
Effect of Forex Changes on Cash	0.74	-1.03	-0.05	0.02	0.02	0.27
Net Change in Cash	54.21	0.60	61.83	-3.30	-6.08	3.64
Cash at Beginning of Period	68.43	67.83	6.00	9.30	15.37	11.74
Cash at End of Period	122.63	68.43	67.83	6.00	9.30	15.37
Free Cash Flow	60.08	59.86	59.80	79.57	71.15	69.17
Supplemental Disclosures
Interest Paid	-	41.30	39.30	26.80	28.60	32.10

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 Cash Flow

What is Net Lease Office Properties's free cash flow?

Net Lease Office Properties generated free cash flow of $60.08M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $64.11M minus $4.03M of capital expenditures. That was up 0.4% from $59.86M a year earlier. Free cash flow equaled 50.5% of revenue.

How much does Net Lease Office Properties spend on capital expenditures?

Net Lease Office Properties spent $4.03M on capital expenditures in fiscal 2025, compared with $12.00M a year earlier. That equals 6.3% of operating cash flow.

Does Net Lease Office Properties pay dividends or buy back shares?

Yes. In fiscal 2025 Net Lease Office Properties returned $106.66M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition