Net Lease Office Properties (NLOP)
Leases U.S. office properties to corporate tenants while selling the remaining portfolio.
$10.38
vs last close−0.23 (−2.21%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 46 | 44 | 39 | 31 | 28 | 29 | 29 | 30 | 32 | 9 | 6 |
| Cost of revenue | 9 | 3 | 10 | 11 | 11 | 11 | 10 | 10 | 8 | 82 | 7 | 1 |
| Gross profit | 34 | 43 | 34 | 28 | 21 | 17 | 19 | 19 | 22 | −50 | 2 | 5 |
| 34 | 4 | 20 | 17 | 14 | 13 | 12 | 12 | 11 | −59 | −1 | 5 | |
| 5 | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Selling & marketing | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 3 | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Other expenses | 29 | 22 | 18 | 15 | 12 | 11 | 10 | 10 | 9 | −60 | −3 | 3 |
| Operating income | 12 | 39 | 14 | 11 | 6 | 4 | 8 | 7 | 11 | 9 | 3 | 1 |
| 3 | −181 | −41 | 2 | −46 | −43 | −7 | −89 | −75 | −9 | 22 | −7 | |
| Interest expense | 8 | 18 | 21 | 28 | 12 | 8 | 6 | 4 | 2 | 1 | 0 | 0 |
| Other non-operating income | −11 | 29 | 21 | −30 | 34 | 35 | 1 | 84 | 74 | 8 | −22 | 6 |
| Income before tax | 3 | −142 | −28 | 13 | −40 | −39 | 1 | −81 | −64 | 0 | 25 | −6 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | −3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income from continuing operations | 3 | −142 | −28 | 12 | −40 | −36 | 1 | −82 | −64 | 0 | 25 | −6 |
| Net income | 3 | −142 | −28 | 12 | −40 | −36 | 0 | −82 | −64 | 0 | 25 | −6 |
| EPS, basic | $0.19 | −$9.72 | −$1.88 | $0.84 | −$2.73 | −$2.42 | $0.03 | −$5.50 | −$4.33 | −$0.00 | $1.69 | −$0.42 |
| EPS, diluted | $0.19 | −$9.72 | −$1.88 | $0.84 | −$2.73 | −$2.42 | $0.03 | −$5.50 | −$4.33 | −$0.00 | $1.69 | −$0.42 |
| Weighted average shares, basic | 14 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Weighted average shares, diluted | 14 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| EBITDA | 30 | 37 | 14 | 69 | −11 | −18 | 16 | −65 | −53 | 7 | 28 | −3 |
| Depreciation & amortization | 19 | 26 | 21 | 28 | 17 | 13 | 10 | 12 | 9 | 6 | 3 | 3 |
| EBIT | 11 | 11 | −7 | 40 | −28 | −31 | 6 | −77 | −62 | 1 | 25 | −6 |
