NLOP: Revenues and FFO fell on asset sales, but net income improved; liquidity risk remains

Revenues, FFO, and AFFO declined sharply year-over-year due to significant property dispositions, while net income improved on lower impairments and higher gains on sales. Portfolio occupancy and lease term decreased, and a $21.9 million mortgage remains unpaid and in default interest accrual.

Original document: Net Lease Office Properties [NLOP] SEC 10-Q Quarterly Report — Aug. 5 2026