Net Lease Office Properties income statement
In fiscal 2025, Net Lease Office Properties reported revenue of $119m, down 16.4% on the year before and net income of −$145m, or −$9.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 148 | 156 | 175 | 142 | 119 | 76 |
| General and administrative | 10 | 12 | 14 | 8 | 7 | 7 |
| Interest expense | 29 | 27 | 43 | 68 | 13 | 3 |
| Provision for credit losses | — | — | 0 | 0 | 5 | — |
| Income before tax | 3 | 16 | −131 | −94 | −145 | −45 |
| Income tax | 2 | 0 | 0 | −2 | 0 | 0 |
| Net income | 1 | 16 | −132 | −91 | −145 | −45 |
| Diluted EPS | — | $1.08 | −$9.00 | −$6.18 | −$9.81 | −$3.07 |
| Diluted shares (average) | 15m | 15m | 15m | 15m | 15m | 15m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31 | 28 | 29 | 29 | 30 | 31 | 9 | 6 |
| General and administrative | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Interest expense | 12 | 8 | 6 | 4 | 2 | 1 | 0 | 0 |
| Provision for credit losses | — | — | 0 | 0 | — | — | 11 | 0 |
| Income before tax | −40 | −39 | 1 | −81 | −64 | −0 | 25 | −6 |
| Income tax | 0 | −3 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net income | −40 | −36 | 0 | −82 | −64 | −0 | 25 | −6 |
| Diluted EPS | −$2.73 | −$2.41 | $0.03 | −$5.50 | −$4.33 | −$0.01 | $1.69 | −$0.42 |
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