NLOP discloses pro forma losses post-spin from WPC; EPS ($3.39) for FY22

Net Lease Office Properties

Pro forma net loss of $27.8M for nine months ended Sep 30, 2023; basic EPS ($1.90).
Pro forma net loss of $49.5M for year ended Dec 31, 2022; basic EPS ($3.39).
Spin-off completed Nov 1, 2023; NLOP issued 14.6M shares and incurred $455M in new debt.
Separation included transfer of ~$350M to WPC and reimbursement of $15.2M in spin-off costs.
NLOP will operate as a separate publicly-traded REIT externally managed by WPC.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.