Net Lease Office Properties Sells Six Office Assets for $76 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Special Cash Distribution: Net Lease Office Properties declared a special cash distribution of $5.10 per share, totaling approximately $75.6 million, which is set to be paid on January 20, 2026, reflecting the company's commitment to shareholder returns.
- Asset Sale Overview: The company recently sold six office properties for gross proceeds of about $75.8 million, including a significant $33 million from JPMorgan Chase, further optimizing its asset portfolio.
- Property Details: The sold properties encompass a total of 1,026,712 square feet and feature tenants from various industries, showcasing the company's strategic diversification in tenant base.
- Market Positioning: This transaction not only enhances the company's liquidity but also provides funding for future investment opportunities, indicating its agility in responding to market conditions.
NLOP
$26.81+Infinity%1D
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About NLOP
Net Lease Office Properties is a real estate investment trust that owns a portfolio of office properties primarily leased to corporate tenants on a single-tenant net lease basis. The Company's tenants operate across a variety of industries and the majority of properties are located in the United States, with one property located in Europe (Oslo, Norway). The Company's portfolio is comprised of approximately 36 properties. In the United States, its properties are located in Texas, North Carolina, California, Illinois, Iowa, Florida, Minnesota, Pennsylvania, Massachusetts, Virginia, New Mexico and Georgia, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
