For the quarter ending 2026-03-31, NLOP had -$48,610K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 25,041 | -17 | -64,140 | -81,005 |
| (gain) loss on sale of real estate, net | 32,620 | -1,054 | -23,693 | -4,259 |
| Allowance for credit losses | 11,035 | 4,815 | - | - |
| Depreciation and amortization, including intangible assets and deferred financing costs | 2,318 | 7,600 | 9,078 | 23,079 |
| Amortization of rent-related intangibles and deferred rental revenue | 332 | 264 | -24 | -1,196 |
| Deferred income tax benefit | - | 0 | 0 | 0 |
| Stock-based compensation expense | - | 0 | 0 | 0 |
| Straight-line rent adjustments | 163 | 663 | 645 | 1,249 |
| Net realized and unrealized (gains) losses on extinguishment of debt, foreign currency exchange rate movements, and other | 2 | -73 | -398 | -803 |
| Impairment charges real estate | 0 | 7,185 | 50,892 | 82,737 |
| Impairment charges goodwill | - | 0 | - | - |
| Proceeds from sales of net investments in sales-type leases | 8,017 | 0 | 0 | 0 |
| Net changes in other operating assets and liabilities | 6,156 | -317 | 4,213 | 4,098 |
| Net cash provided by operating activities | 8,128 | 21,954 | 16,329 | 25,828 |
| Proceeds from sales of real estate | 119,480 | 127,291 | 39,559 | 25,427 |
| Funding for capital expenditures on real estate | 655 | - | - | - |
| Value added taxes received in connection with sale of real estate | 37 | - | - | -37 |
| Non-refundable deposit for disposition | - | 20,000 | - | - |
| Funding for real estate construction, redevelopments, and other capital expenditures on real estate | - | 1,249 | 97 | 2,684 |
| Other investing activities, net | - | 0 | 5 | - |
| Net cash provided by investing activities | 118,825 | 146,042 | 39,494 | 22,706 |
| Distributions paid | 175,548 | 60,736 | 45,924 | - |
| Other financing activities, net | -3 | -377 | 1 | -8 |
| Payments of mortgage principal and other debt instruments | 0 | 25,285 | 24,888 | 61,307 |
| Distributions to noncontrolling interest | 0 | 90 | 90 | 181 |
| Distributions to wpc in connection with the spin-off | - | 0 | - | - |
| Proceeds from nlop mortgage loan | - | 0 | - | - |
| Proceeds from nlop mezzanine loan | - | 0 | - | - |
| Net transfers with parent, including spin-off adjustments | - | 0 | - | - |
| Payment of financing costs | - | 0 | - | - |
| Dividends paid | - | - | - | 0 |
| Contributions from noncontrolling interests | - | 0 | - | - |
| Net cash used in financing activities | -175,551 | -86,488 | -70,901 | -61,496 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | -12 | -7 | 20 | 725 |
| Net decrease in cash and cash equivalents and restricted cash | -48,610 | 81,501 | -15,058 | -12,237 |
| Cash and cash equivalents and restricted cash, beginning of period | 122,632 | 41,131 | 68,426 | - |
| Cash and cash equivalents and restricted cash, end of period | 74,022 | 122,632 | 41,131 | - |
Net Lease Office Properties (NLOP)
Net Lease Office Properties (NLOP)