Net Lease Office Properties Announces $1.50 Per Share Special Cash Distribution Following Property Sales
Net Lease Office Properties (NYSE: NLOP) has declared a special cash distribution of $1.50 per common share, amounting to approximately $22 million. The payment is scheduled for December 1, 2026, for shareholders of record as of November 16, 2026. This brings the company's total distributions since its November 2023 spin-off to $24.19 per share. The distribution follows the successful sale of three office properties in Plano, TX; King of Prussia, PA; and Quincy, MA, which generated gross proceeds of approximately $34.4 million. The company noted that all gross proceeds from these dispositions were utilized to repay a non-recourse mortgage loan associated with the sales.