Net Lease Office Properties posts Q2 2026 supplemental: $6.36M revenue, $6.19M net loss, AFFO $3.25M
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Net Lease Office Properties released Q2 2026 supplemental financials showing $6.36M in lease revenues and a net loss attributable to Net Lease Office Properties of $6.19M while reporting AFFO of $3.25M.
Key Highlights:
- Lease revenues for Q2 2026 were $6.36M; consolidated net loss attributable to Net Lease Office Properties was $6.19M (loss per share $0.42).
- FFO (NAREIT) was $3.06M ($0.21 per diluted share) and AFFO was $3.25M ($0.22 per diluted share), reflecting cash operating performance.
- Normalized pro rata cash NOI was $5.73M for the quarter, supporting AFFO and portfolio income metrics.
- Portfolio: 18 properties, $24.8M ABR, 68.4% occupancy, WALT 2.7 years; total consolidated debt $21.9M vs. cash $23.66M (net debt -$1.76M).
- Non-recourse mortgage on the Intuit property ( $21.9M, 7.0% base rate) matured July 6, 2026 and was not repaid; lender may commence foreclosure and default interest (5.0% p.a.) has accrued.
Original SEC Filing: Net Lease Office Properties [ NLOP ] - 8-K - Aug. 05, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.