secwatch.observer — SEC 8-K summary
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Issuer:     Net Lease Office Properties (NLOP)
CIK:        0001952976
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0001952976-26-000005
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NLOP sells KBR-leased Houston office building for $66M, net proceeds $65.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/nlop-20260115.htm
  HTML page:      https://secwatch.observer/filing/0001952976-26-000005

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