---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-039500"
form_type: "8-K"
ticker: "NLOP"
cik: "0001952976"
company_name: "Net Lease Office Properties"
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:30:51.082410+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-039500
- form_type: 8-K
- ticker: NLOP
- cik: 0001952976
- company_name: Net Lease Office Properties
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1952976/000162828023039500/0001628280-23-039500-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1952976/000162828023039500/nlop-20231117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-039500
- JSON: https://secwatch.observer/filing/0001628280-23-039500.json
- Plain text: https://secwatch.observer/filing/0001628280-23-039500.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.