---
schema_version: "secwatch.filing_event.v1"
accession: "0001952976-26-000032"
form_type: "8-K"
ticker: "NLOP"
cik: "0001952976"
company_name: "Net Lease Office Properties"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:05:03.960413+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001952976-26-000032
- form_type: 8-K
- ticker: NLOP
- cik: 0001952976
- company_name: Net Lease Office Properties
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1952976/000195297626000032/0001952976-26-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1952976/000195297626000032/nlop-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001952976-26-000032
- JSON: https://secwatch.observer/filing/0001952976-26-000032.json
- Plain text: https://secwatch.observer/filing/0001952976-26-000032.txt

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