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Net Lease Office Properties balance sheet

At the end of fiscal 2025, Net Lease Office Properties had total assets of $453m, total liabilities of $156m and shareholders' equity of $294m. It held $120m in cash against $21.9m of debt: net cash of $97.7m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents45162512024
Goodwill52640———
Total assets—1,4621,305805453201
Long-term debt—27654216922—
Total debt02765421722222
Total liabilities—35362422015633
Shareholders' equity1,0581,108677581294164
Net debt (negative = net cash)−4271526147−98−2
Shares outstanding——15m15m15m15m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Net Lease Office Properties's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Net Lease Office Properties.