NYSE$NLOP

Net Lease Office Properties · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Net Lease Office Properties reported Q1 2026 total revenues of $9.0M with net income attributable to NLOP of $25.0M.

For the quarter ended March 31, 2026, NLOP reported $9.0 million of total revenues, down from $29.2 million due to disposition activity. Net income attributable to NLOP was $25.0 million versus $0.5 million a year ago, driven by gains on real estate sales and lower interest expense, partly offset by a credit-loss provision on a sales-type lease. Diluted EPS was $1.69.

  • Net Lease Office Properties reported Q1 2026 total revenues of $9.
  • Quarter ended 2026-03-31; filing date 2026-05-07.
  • Revenue of about $9.0M in the quarter.
  • Diluted EPS $1.69.
  • REIT strategy emphasizes asset sales, leverage reduction, and capital recycling; no FFO/EPS guide restated in the 10-Q.…

Headline financials

Total Revenue

$9.03M

Previous: $29.2M-69.1%
EPS (adj)

$1.69

Previous: $0.03+5533.3%
Net Income

$25M

Previous: $492K+4980.9%
Operating Income

-$5.22M

Previous: $17.7M-129.6%
Gross Profit

-$2.01M

Previous: $29.2M-106.9%

Revenue & EPS history

Net Lease Office Properties · Revenue · Quarterly

$9.03M

Q1 2026-69.1%vs Q1 2025

Forward guidance

REIT strategy emphasizes asset sales, leverage reduction, and capital recycling; no FFO/EPS guide restated in the 10-Q.

Tailwinds

  • Gain on sale of properties boosted earnings.
  • Lower interest expense supports NAV preservation.
  • Disposition program advances portfolio simplification.

Headwinds

  • Revenue decline from asset sales.
  • Tenant credit and occupancy risks in office.
  • Limited organic cash flow from shrinking asset base.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.6%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+0.4%

Avg return

30 days after

42%

5 / 12 earnings

Positive

+6.2%

Q3 2023

Best reaction

-3.3%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%-9.0%-8.2%
Q4 2025-3.3%+2.4%-10.8%
Q3 2025+0.0%+0.3%-15.3%
Q1 2025+1.3%+0.3%+4.6%
Q4 2024-2.1%-4.9%-11.4%
Q3 2024+3.0%+4.6%+5.4%
Q2 2024+6.1%+4.1%+3.6%
Q1 2023-0.7%-1.7%-6.3%
Q1 2024-1.9%-2.3%-3.9%
Q2 2023-0.0%+2.6%-2.7%
Q4 2023-1.7%-4.2%+36.7%
Q3 2023+6.2%+0.2%+13.6%
Q4 2022
Q3 2022
Q2 2022
Q1 2022

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