NLOP completes 41 property dispositions, repays $455M debt, and pays $22.69/sh in distributions since spin-off

Net Lease Office Properties

Disposed 41 properties since spin, reducing portfolio from 59 to 18 properties and ABR from $145M to $26M.
Gross proceeds from dispositions total $813M; fully repaid $455M of JPM senior and mezzanine debt.
Total distributions since formation of $22.69 per share ($336M), including $3.30 special in April 2026.
Portfolio now 18 properties with $2MM sq ft, 100% US, WALT 2.9 years; remaining mortgage debt $22M at 7.0%.
Leasing activity shows 91.9% rent recapture on renewals; weighted average new lease term of 7.0 years.

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.