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Net Lease Office Properties (NLOP) Financials

Net Lease Office Properties logo
$30.86 +0.27 (+0.87%)
Closing price 05/22/2025 03:59 PM Eastern
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$30.82 -0.03 (-0.10%)
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Annual Income Statements for Net Lease Office Properties

Annual Income Statements for Net Lease Office Properties

This table shows Net Lease Office Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021
Net Income / (Loss) Attributable to Common Shareholders		 -91 -132 16 1.42
Consolidated Net Income / (Loss)		 -91 -132 16 1.42
Net Income / (Loss) Continuing Operations		 -91 -132 16 1.42
Total Pre-Tax Income 		-94 -131 16 3.06
Total Revenue		 162 171 156 148
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00
Total Non-Interest Income		 162 171 156 148
Other Service Charges		 13 8.93 4.97 3.95
Net Realized & Unrealized Capital Gains on Investments		 20 -3.61 0.00 -
Other Non-Interest Income		 129 166 151 144
Total Non-Interest Expense		 186 260 113 99
Net Occupancy & Equipment Expense		 11 8.64 7.75 6.43
Other Operating Expenses		 40 51 42 34
Depreciation Expense		 57 75 63 59
Impairment Charge		 78 126 0.00 0.00
Nonoperating Income / (Expense), net		 -70 -42 -27 -46
Income Tax Expense		 -2.38 0.43 0.49 1.65
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.09 0.02 -0.00 0.00
Basic Earnings per Share		 ($6.18) ($9.00) $1.08 $0.10
Weighted Average Basic Shares Outstanding		 14.79M 14.63M 14.62M 14.62M
Diluted Earnings per Share		 ($6.18) ($9.00) $1.08 $0.10
Weighted Average Diluted Shares Outstanding		 14.79M 14.63M 14.62M 14.62M
Weighted Average Basic & Diluted Shares Outstanding		 14.81M 14.79M - -
Cash Dividends to Common per Share		 $0.34 - $0.00 -

Quarterly Income Statements for Net Lease Office Properties

This table shows Net Lease Office Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Net Income / (Loss) Attributable to Common Shareholders		 -36 -40 12 -28 -142 2.76 3.83 3.74
Consolidated Net Income / (Loss)		 -36 -40 12 -28 -142 2.79 3.86 3.76
Net Income / (Loss) Continuing Operations		 -36 -40 12 -28 -142 2.79 3.86 3.76
Total Pre-Tax Income 		-39 -40 13 -28 -142 3.02 3.49 4.20
Total Revenue		 26 31 77 28 43 43 43 43
Total Non-Interest Income		 26 31 77 28 43 43 43 43
Other Service Charges		 2.31 1.51 3.88 5.69 6.21 1.13 0.81 0.78
Net Realized & Unrealized Capital Gains on Investments		 -1.42 -0.64 38 -16 -3.66 0.00 0.04 0.01
Other Non-Interest Income		 25 30 35 38 40 42 42 42
Total Non-Interest Expense		 56 59 37 34 167 32 31 31
Net Occupancy & Equipment Expense		 2.96 3.04 2.65 2.25 2.16 2.35 2.06 2.07
Other Operating Expenses		 9.99 9.70 11 9.92 18 12 11 11
Depreciation Expense		 11 12 15 18 22 18 18 18
Impairment Charge		 32 34 8.22 4.07 126 0.00 0.00 0.00
Nonoperating Income / (Expense), net		 -9.35 -11 -28 -22 -18 -8.08 -8.56 -7.82
Income Tax Expense		 -3.24 0.49 0.15 0.22 0.12 0.23 -0.37 0.44
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.02 0.02 0.02 0.02 -0.05 0.03 0.03 0.02
Basic Earnings per Share		 ($2.41) ($2.73) $0.84 ($1.88) ($9.71) $0.19 $0.26 $0.26
Weighted Average Basic Shares Outstanding		 14.79M 14.79M 14.79M 14.79M 14.63M 14.62M 14.62M 14.62M
Diluted Earnings per Share		 ($2.41) ($2.73) $0.84 ($1.88) ($9.71) $0.19 $0.26 $0.26
Weighted Average Diluted Shares Outstanding		 14.79M 14.79M 14.81M 14.79M 14.63M 14.62M 14.62M 14.62M
Weighted Average Basic & Diluted Shares Outstanding		 14.81M 14.79M 14.79M 14.79M 14.79M - - -

Annual Cash Flow Statements for Net Lease Office Properties

This table details how cash moves in and out of Net Lease Office Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021
Net Change in Cash & Equivalents		 0.60 62 -3.30 -6.08
Net Cash From Operating Activities		 72 71 84 75
Net Cash From Continuing Operating Activities		 72 71 84 75
Net Income / (Loss) Continuing Operations		 -91 -132 16 1.42
Consolidated Net Income / (Loss)		 -91 -132 16 1.42
Depreciation Expense		 85 81 64 60
Amortization Expense		 -6.35 0.14 1.96 0.83
Non-Cash Adjustments to Reconcile Net Income		 71 130 1.20 15
Changes in Operating Assets and Liabilities, net		 13 -8.93 1.08 -2.67
Net Cash From Investing Activities		 298 28 -23 -4.18
Net Cash From Continuing Investing Activities		 298 28 -23 -4.18
Purchase of Property, Leasehold Improvements and Equipment		 -12 -11 -4.72 -4.18
Purchase of Investment Securities		 0.00 0.00 -21 0.00
Divestitures		 0.00 0.00 2.77 0.00
Sale and/or Maturity of Investments		 310 39 0.00 0.00
Net Cash From Financing Activities		 -368 -37 -65 -77
Net Cash From Continuing Financing Activities		 -368 -37 -65 -77
Issuance of Debt		 0.00 431 0.00 0.00
Repayment of Debt		 -367 -64 -40 -264
Payment of Dividends		 -1.40 -344 0.00 0.00
Other Financing Activities, Net		 0.02 -60 -25 187
Effect of Exchange Rate Changes		 -1.03 -0.05 -0.12 0.02

Quarterly Cash Flow Statements for Net Lease Office Properties

This table details how cash moves in and out of Net Lease Office Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022
Net Change in Cash & Equivalents		 -17 4.77 -7.64 21 62 0.07 -2.85 2.98 -
Net Cash From Operating Activities		 10 20 15 26 7.10 21 23 20 -
Net Cash From Continuing Operating Activities		 10 20 15 26 7.10 21 23 20 -
Net Income / (Loss) Continuing Operations		 -36 -40 12 -28 -142 2.79 3.86 3.76 -
Consolidated Net Income / (Loss)		 -36 -40 12 -28 -142 2.79 3.86 3.76 -
Depreciation Expense		 14 17 30 24 27 18 18 18 -
Amortization Expense		 -0.40 -0.18 -2.14 -3.64 -2.58 0.91 0.84 0.98 -
Non-Cash Adjustments to Reconcile Net Income		 31 36 -28 32 129 0.89 0.87 -0.09 -
Changes in Operating Assets and Liabilities, net		 1.98 8.26 1.76 1.16 -3.25 -2.23 -1.10 -2.36 -
Net Cash From Investing Activities		 43 77 151 27 32 -2.08 -2.31 -0.24 -
Net Cash From Continuing Investing Activities		 43 77 151 27 32 -2.08 -2.31 -0.24 -
Purchase of Property, Leasehold Improvements and Equipment		 -2.71 -1.98 -1.65 -5.67 -6.55 -2.08 -2.31 -0.24 -
Sale and/or Maturity of Investments		 46 79 152 32 39 - - 0.00 -
Net Cash From Financing Activities		 -70 -93 -173 -32 22 -19 -23 -17 -
Net Cash From Continuing Financing Activities		 -70 -93 -173 -32 22 -19 -23 -17 -
Repayment of Debt		 -70 -93 -173 -31 -38 -19 -2.00 -5.13 -
Payment of Dividends		 -0.09 -0.09 -0.09 -1.13 -344 - - 0.00 -
Other Financing Activities, Net		 0.01 -0.00 0.00 0.01 -27 0.07 -21 -12 -
Effect of Exchange Rate Changes		 -0.71 0.25 0.03 -0.60 -0.02 0.07 -0.04 -0.06 -

Annual Balance Sheets for Net Lease Office Properties

This table presents Net Lease Office Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 805 1,305 1,462
Cash and Due from Banks		 25 16 4.67
Restricted Cash		 43 52 1.33
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Premises and Equipment, Net		 438 746 896
Intangible Assets		 240 416 434
Other Assets		 58 76 63
Total Liabilities & Shareholders' Equity		 805 1,305 1,462
Total Liabilities		 220 624 353
Long-Term Debt		 169 542 276
Other Long-Term Liabilities		 50 82 77
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 585 681 1,110
Total Preferred & Common Equity		 581 677 1,108
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 581 677 1,108
Common Stock		 856 856 0.00
Accumulated Other Comprehensive Income / (Loss)		 -40 -36 -42
Other Equity Adjustments		 -234 -143 1,150
Noncontrolling Interest		 4.18 4.42 1.74

Quarterly Balance Sheets for Net Lease Office Properties

This table presents Net Lease Office Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024
Period end date 9/30/2024 6/30/2024 3/31/2024
Total Assets		 920 1,045 1,232
Cash and Due from Banks		 36 36 40
Restricted Cash		 49 45 49
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Premises and Equipment, Net		 525 562 682
Intangible Assets		 278 294 403
Other Assets		 31 108 58
Total Liabilities & Shareholders' Equity		 920 1,045 1,232
Total Liabilities		 294 380 580
Long-Term Debt		 239 327 515
Other Long-Term Liabilities		 54 53 65
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 626 665 652
Total Preferred & Common Equity		 622 660 647
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 622 660 647
Common Stock		 856 856 856
Accumulated Other Comprehensive Income / (Loss)		 -35 -37 -38
Other Equity Adjustments		 -199 -158 -171
Noncontrolling Interest		 4.24 4.31 4.38

Annual Metrics And Ratios for Net Lease Office Properties

This table displays calculated financial ratios and metrics derived from Net Lease Office Properties' official financial filings.

Metric 2024 2023 2022 2021
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021
Growth Metrics		 - - - -
Revenue Growth		 -5.19% 9.69% 5.62% 0.00%
EBITDA Growth		 813.92% -107.08% -0.69% 0.00%
EBIT Growth		 73.47% -306.77% -11.91% 0.00%
NOPAT Growth		 73.47% -249.20% 84.66% 0.00%
Net Income Growth		 30.62% -934.90% 1,012.62% 0.00%
EPS Growth		 31.33% -933.33% 980.00% 0.00%
Operating Cash Flow Growth		 1.26% -15.80% 11.88% 0.00%
Free Cash Flow Firm Growth		 353.25% 107.43% 0.00% 0.00%
Invested Capital Growth		 -38.32% -11.70% 0.00% 0.00%
Revenue Q/Q Growth		 -10.98% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 319.77% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 79.38% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 79.38% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 53.79% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 54.15% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 4.94% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -12.81% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - -
EBITDA Margin		 34.03% -4.52% 70.00% 74.44%
EBIT Margin		 -14.56% -52.02% 27.60% 33.09%
Profit (Net Income) Margin		 -56.25% -76.87% 10.10% 0.96%
Tax Burden Percent		 97.46% 100.32% 97.01% 46.28%
Interest Burden Percent		 396.45% 147.29% 37.72% 6.26%
Effective Tax Rate		 0.00% 0.00% 2.99% 53.72%
Return on Invested Capital (ROIC)		 -1.67% -4.78% 6.04% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -22.72% -21.73% -12.83% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -12.75% -9.93% -3.19% 0.00%
Return on Equity (ROE)		 -14.43% -14.71% 2.84% 0.00%
Cash Return on Invested Capital (CROIC)		 45.73% 7.65% -193.96% 0.00%
Operating Return on Assets (OROA)		 -2.24% -6.44% 2.95% 0.00%
Return on Assets (ROA)		 -8.66% -9.52% 1.08% 0.00%
Return on Common Equity (ROCE)		 -14.33% -14.66% 2.84% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -15.72% -19.46% 1.42% 0.00%
Net Operating Profit after Tax (NOPAT)		 -17 -62 42 23
NOPAT Margin		 -10.19% -36.41% 26.77% 15.31%
Net Nonoperating Expense Percent (NNEP)		 21.04% 16.95% 18.87% 0.00%
SG&A Expenses to Revenue		 6.71% 5.04% 4.96% 4.35%
Operating Expenses to Revenue		 114.56% 152.02% 72.40% 66.91%
Earnings before Interest and Taxes (EBIT)		 -24 -89 43 49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 55 -7.74 109 110
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.79 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 1.35 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.84 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 1.84% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.75 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 3.49 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 10.25 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.88 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.25 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.29 0.80 0.25 0.00
Long-Term Debt to Equity		 0.29 0.80 0.25 0.00
Financial Leverage		 0.56 0.46 0.25 0.00
Leverage Ratio		 1.67 1.55 1.32 0.00
Compound Leverage Factor		 6.60 2.28 0.50 0.00
Debt to Total Capital		 22.42% 44.30% 19.92% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 22.42% 44.30% 19.92% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.55% 0.36% 0.13% 0.00%
Common Equity to Total Capital		 77.02% 55.34% 79.95% 0.00%
Debt to EBITDA		 3.06 -69.99 2.52 0.00
Net Debt to EBITDA		 1.82 -61.23 2.47 0.00
Long-Term Debt to EBITDA		 3.06 -69.99 2.52 0.00
Debt to NOPAT		 -10.22 -8.69 6.60 0.00
Net Debt to NOPAT		 -6.09 -7.60 6.46 0.00
Long-Term Debt to NOPAT		 -10.22 -8.69 6.60 0.00
Noncontrolling Interest Sharing Ratio		 0.68% 0.34% 0.16% 0.00%
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 452 100 -1,344 0.00
Operating Cash Flow to CapEx		 598.78% 635.78% 1,786.77% 1,800.55%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.15 0.12 0.11 0.00
Fixed Asset Turnover		 0.27 0.21 0.17 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 755 1,223 1,386 0.00
Invested Capital Turnover		 0.16 0.13 0.23 0.00
Increase / (Decrease) in Invested Capital		 -469 -162 1,386 0.00
Enterprise Value (EV)		 566 0.00 0.00 0.00
Market Capitalization		 461 0.00 0.00 0.00
Book Value per Share		 $39.31 $46.27 $75.77 $0.00
Tangible Book Value per Share		 $23.05 $17.86 $41.70 $0.00
Total Capital		 755 1,223 1,386 0.00
Total Debt		 169 542 276 0.00
Total Long-Term Debt		 169 542 276 0.00
Net Debt		 101 474 270 0.00
Capital Expenditures (CapEx)		 12 11 4.72 4.18
Net Nonoperating Expense (NNE)		 75 69 26 21
Net Nonoperating Obligations (NNO)		 169 542 276 0.00
Total Depreciation and Amortization (D&A)		 79 81 66 61
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 ($6.18) ($9.00) $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 14.79M 14.63M 0.00 0.00
Adjusted Diluted Earnings per Share		 ($6.18) ($9.00) $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 14.79M 14.63M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.81M 14.79M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 38 26 42 34
Normalized NOPAT Margin		 23.52% 14.89% 26.77% 23.16%
Pre Tax Income Margin		 -57.72% -76.62% 10.41% 2.07%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 -1.54% -261.16% 0.00% 0.00%
Augmented Payout Ratio		 -1.54% -261.16% 0.00% 0.00%

Quarterly Metrics And Ratios for Net Lease Office Properties

This table displays calculated financial ratios and metrics derived from Net Lease Office Properties' official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Growth Metrics		 - - - - - - - -
Revenue Growth		 -38.43% -28.46% 79.93% -33.85% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 83.72% -138.67% 119.92% -52.59% 0.00% 0.00% 0.00% 0.00%
EBIT Growth		 76.14% -356.22% 235.38% -149.72% 0.00% 0.00% 0.00% 0.00%
NOPAT Growth		 76.14% -294.27% 200.07% -138.85% 0.00% 0.00% 0.00% 0.00%
Net Income Growth		 74.84% -1,543.51% 223.30% -839.72% 0.00% 0.00% 0.00% 0.00%
EPS Growth		 75.18% -1,536.84% 223.08% -823.08% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 47.68% -1.71% -35.46% 29.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 -38.32% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 -14.68% -60.00% 173.05% 0.00% -0.86% 0.62% 0.38% 0.00%
EBITDA Q/Q Growth		 -39.45% -117.09% 364.09% 0.00% -431.32% -2.82% 0.04% 0.00%
EBIT Q/Q Growth		 -4.28% -170.36% 776.37% 0.00% -1,219.93% -7.90% 0.27% 0.00%
NOPAT Q/Q Growth		 -4.28% -149.84% 1,054.84% 0.00% -949.14% -23.01% 23.61% 0.00%
Net Income Q/Q Growth		 11.20% -422.89% 144.83% 0.00% -5,194.30% -27.68% 2.58% 0.00%
EPS Q/Q Growth		 11.72% -425.00% 144.68% 0.00% -5,210.53% -26.92% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -48.35% 38.14% -44.34% 0.00% -65.63% -9.30% 11.26% 0.00%
Free Cash Flow Firm Q/Q Growth		 150.60% 7.00% 18.69% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -12.81% -12.75% -14.98% -4.63% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - -
EBITDA Margin		 -62.11% -38.00% 88.95% 52.34% -234.92% 70.29% 72.78% 73.03%
EBIT Margin		 -112.71% -92.23% 52.44% -21.17% -290.89% 25.75% 28.13% 28.17%
Profit (Net Income) Margin		 -135.93% -130.60% 16.18% -98.55% -332.59% 6.47% 9.01% 8.81%
Tax Burden Percent		 91.69% 101.22% 98.82% 100.81% 100.09% 92.32% 110.45% 89.59%
Interest Burden Percent		 131.52% 139.91% 31.23% 461.80% 114.24% 27.23% 28.98% 34.93%
Effective Tax Rate		 0.00% 0.00% 1.18% 0.00% 0.00% 7.68% -10.45% 10.41%
Return on Invested Capital (ROIC)		 -12.96% -27.22% 20.35% -4.08% -28.52% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -17.18% -44.24% 3.57% -13.25% -38.69% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -9.64% -16.92% 1.76% -10.48% -30.77% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -22.61% -44.14% 22.10% -14.56% -59.29% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 45.73% 0.00% 0.00% 0.00% 8.16% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -17.36% -36.59% 9.78% -2.76% -36.03% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 -20.93% -51.82% 3.02% -12.84% -41.19% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -22.45% -43.84% 21.96% -14.46% -59.09% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -31.80% -23.43% -25.23% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -21 -20 40 -4.18 -87 10 13 11
NOPAT Margin		 -78.90% -64.56% 51.82% -14.82% -203.62% 23.77% 31.07% 25.23%
Net Nonoperating Expense Percent (NNEP)		 4.22% 17.01% 16.78% 9.18% 10.17% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 11.26% 9.84% 3.44% 7.97% 5.06% 5.46% 4.80% 4.85%
Operating Expenses to Revenue		 212.71% 192.23% 47.56% 121.17% 390.89% 74.25% 71.87% 71.83%
Earnings before Interest and Taxes (EBIT)		 -30 -28 40 -5.98 -124 11 12 12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -16 -12 69 15 -100 30 31 31
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.79 0.73 0.55 0.54 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 1.35 1.32 0.99 1.44 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.84 2.48 1.87 2.19 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 1.11% 1.38% 1.43% 1.84% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.75 0.71 0.62 0.67 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 3.49 3.35 3.16 4.88 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 10.25 0.00 36.47 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.88 8.92 8.94 10.18 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.29 0.38 0.49 0.79 0.80 0.00 0.00 0.00
Long-Term Debt to Equity		 0.29 0.38 0.49 0.79 0.80 0.00 0.00 0.00
Financial Leverage		 0.56 0.38 0.49 0.79 0.80 0.00 0.00 0.00
Leverage Ratio		 1.67 1.47 1.57 1.89 1.55 0.00 0.00 0.00
Compound Leverage Factor		 2.19 2.06 0.49 8.73 1.77 0.00 0.00 0.00
Debt to Total Capital		 22.42% 27.66% 33.00% 44.15% 44.30% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 22.42% 27.66% 33.00% 44.15% 44.30% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.55% 0.49% 0.43% 0.38% 0.36% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 77.02% 71.85% 66.56% 55.47% 55.34% 0.00% 0.00% 0.00%
Debt to EBITDA		 3.06 -9.52 19.42 -25.10 -69.99 0.00 0.00 0.00
Net Debt to EBITDA		 1.82 -6.12 14.63 -20.79 -61.23 0.00 0.00 0.00
Long-Term Debt to EBITDA		 3.06 -9.52 19.42 -25.10 -69.99 0.00 0.00 0.00
Debt to NOPAT		 -10.22 -2.98 -6.22 -7.11 -8.69 0.00 0.00 0.00
Net Debt to NOPAT		 -6.09 -1.92 -4.69 -5.89 -7.60 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -10.22 -2.98 -6.22 -7.11 -8.69 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.68% 0.68% 0.65% 0.67% 0.34% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - -
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 448 -885 -952 -1,171 0.00 0.00 0.00 0.00
Operating Cash Flow to CapEx		 386.90% 1,024.95% 892.53% 465.81% 108.43% 994.56% 987.55% 8,669.07%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.15 0.40 0.19 0.13 0.12 0.00 0.00 0.00
Fixed Asset Turnover		 0.27 0.00 0.35 0.24 0.21 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 755 866 992 1,167 1,223 0.00 0.00 0.00
Invested Capital Turnover		 0.16 0.42 0.39 0.28 0.14 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -469 866 992 1,167 0.00 0.00 0.00 0.00
Enterprise Value (EV)		 566 611 615 783 0.00 0.00 0.00 0.00
Market Capitalization		 461 453 364 352 0.00 0.00 0.00 0.00
Book Value per Share		 $39.31 $42.06 $44.66 $43.78 $46.27 $0.00 $0.00 $0.00
Tangible Book Value per Share		 $23.05 $23.23 $24.77 $16.51 $17.86 $0.00 $0.00 $0.00
Total Capital		 755 866 992 1,167 1,223 0.00 0.00 0.00
Total Debt		 169 239 327 515 542 0.00 0.00 0.00
Total Long-Term Debt		 169 239 327 515 542 0.00 0.00 0.00
Net Debt		 101 154 247 427 474 0.00 0.00 0.00
Capital Expenditures (CapEx)		 2.71 1.98 1.65 5.67 6.55 2.08 2.31 0.24
Net Nonoperating Expense (NNE)		 15 20 27 24 55 7.46 9.45 7.01
Net Nonoperating Obligations (NNO)		 169 239 327 515 542 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 13 17 28 21 24 19 19 19
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.41) ($2.73) $0.84 ($1.88) ($9.71) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 14.79M 14.79M 14.79M 14.79M 14.63M 0.00 0.00 0.00
Adjusted Diluted Earnings per Share		 ($2.41) ($2.73) $0.84 ($1.88) ($9.71) $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 14.79M 14.79M 14.81M 14.79M 14.63M 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.81M 14.79M 14.79M 14.79M 14.79M 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 1.49 4.01 48 -1.34 0.90 10 8.44 11
Normalized NOPAT Margin		 5.67% 12.99% 62.36% -4.74% 2.11% 23.77% 19.69% 25.23%
Pre Tax Income Margin		 -148.24% -129.03% 16.37% -97.75% -332.30% 7.01% 8.15% 9.84%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 -1.54% -174.62% -223.18% -211.35% -261.16% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -1.54% -174.62% -223.18% -211.35% -261.16% 0.00% 0.00% 0.00%

Frequently Asked Questions About Net Lease Office Properties' Financials

When does Net Lease Office Properties's fiscal year end?

According to the most recent income statement we have on file, Net Lease Office Properties' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Net Lease Office Properties' net income changed over the last 3 years?

Net Lease Office Properties' net income appears to be on an upward trend, with a most recent value of -$91.39 million in 2024, falling from $1.42 million in 2021. The previous period was -$131.72 million in 2023. View Net Lease Office Properties' forecast to see where analysts expect Net Lease Office Properties to go next.

How has Net Lease Office Properties revenue changed over the last 3 years?

Over the last 3 years, Net Lease Office Properties' total revenue changed from $147.91 million in 2021 to $162.46 million in 2024, a change of 9.8%.

How much debt does Net Lease Office Properties have?

Net Lease Office Properties' total liabilities were at $219.67 million at the end of 2024, a 64.8% decrease from 2023, and a 37.7% decrease since 2022.

How much cash does Net Lease Office Properties have?

In the past 2 years, Net Lease Office Properties' cash and equivalents has ranged from $4.67 million in 2022 to $25.12 million in 2024, and is currently $25.12 million as of their latest financial filing in 2024.

How has Net Lease Office Properties' book value per share changed over the last 3 years?

Over the last 3 years, Net Lease Office Properties' book value per share changed from 0.00 in 2021 to 39.31 in 2024, a change of 3,931.2%.


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This page (NYSE:NLOP) was last updated on 5/23/2025 by MarketBeat.com Staff
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