10-Q quarterly report · filed Nov 7, 2025

Net Lease Office Properties (NLOP) Q3 2025 10-Q Quarterly Report

Short answer

Net Lease Office Properties (NLOP) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $30M (down 5.4% year over year) with net income of −$64M.

Q3 2025 key financials · XBRL

Revenue
$30M
−5.4% YoY · +2.1% QoQ
Net income
−$64M
−59.2% YoY · +21.3% QoQ
EPS (diluted)
−$4.33
−58.6% YoY · +21.3% QoQ

Source: XBRL data from the Net Lease Office Properties (NLOP) Q3 2025 10-Q on SEC EDGAR. USD.

Net Lease Office Properties Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Tenant concentration: KBR 27% and JPMorgan Chase 13% of nine-month revenue
  • Geographic concentration: domestic operations 96%, including Texas 41% and Minnesota 12%
  • Houston KBR property: lease revenue $6.9M, reimbursable tenant costs $(2.1)M
  • Houston KBR property expenses $(0.8)M, excluding $0.9M non-cash items
  • International investments fully sold during nine months ended September 30, 2025

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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