Net Lease Office Properties (NLOP): M&A transaction — NLOP sells KBR-leased Houston office building for $66M, net proceeds $65.4M

Net Lease Office Properties

Sold 1,064,788 sq ft building to unaffiliated third party for $66M contractual price; net proceeds ~$65.4M.
Disposition completed Jan 15, 2026; property was fully leased to KBR, Inc.
Pro forma financials show removal of property revenues of $30.2M (FY2024) and $21.9M (9M 2025) and associated expenses.
Pro forma net loss improved from $(145.2M) to $(69.8M) for 9M 2025, partly due to elimination of $81.6M impairment on sold property.
Cash balance pro forma increases to $104.1M from $38.7M, reflecting net proceeds.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Net Lease Office Properties completed a disposition involving an unaffiliated third party for contractual sales price of $66.0 million (closed 2026-01-15).

Action: disposition
Counterparty: an unaffiliated third party
Consideration: contractual sales price of $66.0 million
Closing: 2026-01-15

Exact text from the filing

On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.

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Net Lease Office Properties filing history →

Source: SEC EDGAR

accession 0001952976-26-000005

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