Net Lease Office Properties Reports Q3 Financial Results
Net Lease Office Properties (NLOP) has released its third-quarter financial results, reporting an Adjusted Funds From Operations (AFFO) of $3.0 million, which equates to $0.20 per diluted share. The company's normalized pro rata cash Net Operating Income (NOI) reached $5.1 million against total revenue of $5.9 million. Despite the positive AFFO, the company reported a net loss attributable to NLOP of $649,000, or $0.04 per diluted share. During the quarter, the firm continued its divestment strategy by selling two properties for gross proceeds of $27.9 million, bringing its total cumulative dispositions to 43 properties totaling $840.4 million.
Tickers: $NLOP
Topics: AFFO net loss property dispositions real estate earnings revenue
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Part of the story Net Lease Office Properties Announces $1.50 Per Share Special Cash Distribution Following Property Sales (4 articles)