---
schema_version: "secwatch.filing_event.v1"
accession: "0001952976-26-000013"
form_type: "8-K"
ticker: "NLOP"
cik: "0001952976"
company_name: "Net Lease Office Properties"
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:29:18.857795+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NLOP pays $6.75/share special distribution; portfolio reduced to 20 properties with $27M ABR

## Summary
- Paid $6.75/share special distribution on Feb 17, 2026 (~$100M); total distributions since formation $19.39/share (~$287M).
- Sold 39 properties since spin-off for $777M gross proceeds; remaining portfolio: 20 properties, $27M ABR.
- Debt reduced: repaid $455M in JPM loans; remaining mortgage debt $22M at 7.0% weighted avg rate.
- Leasing activity: 7.0 yr WALT on renewals/extensions, 91.9% rent recapture on 1.2M sq ft.
- Total shareholder return of 213.1% from Nov 2023 to Feb 2026.

## SEC filing metadata
- accession: 0001952976-26-000013
- form_type: 8-K
- ticker: NLOP
- cik: 0001952976
- company_name: Net Lease Office Properties
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1952976/000195297626000013/0001952976-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1952976/000195297626000013/nlop-20260225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001952976-26-000013
- JSON: https://secwatch.observer/filing/0001952976-26-000013.json
- Plain text: https://secwatch.observer/filing/0001952976-26-000013.txt

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