Announces Sales of Six Office Properties for $76 Million
NEW YORK, Dec. 22, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees declared a special cash distribution of $5.10 per common share, totaling approximately $75.6 million. The distribution is payable on January 20, 2026 to shareholders of record as of the close of business on January 2, 2026.
The following properties were recently sold for gross proceeds totaling approximately $75.8 million.
ABR Gross
(at time Sale
Tenant of sale) Proceeds Square
Tenant Industry Location ($000s) ($000s) Feet
----------------- ------------ ------------ --------- --------- ---------
Securitas Electronic
Electronic, Equipment &
Security, Inc Instruments Plymouth, MN $1,218 $5,654 182,250
----------------- ------------ ------------ --------- --------- ---------
JPMorgan Chase Diversified
Bank, N.A. Banks Tampa, FL $1,934 $13,650 135,733
----------------- ------------ ------------ --------- --------- ---------
Vacant (formerly
Master Lock Oak Creek,
Company, LLC) N/A WI $0 $2,576 120,883
----------------- ------------ ------------ --------- --------- ---------
Systems Roseville,
Cohesity Inc. Software MN $2,255 $14,625 136,125
----------------- ------------ ------------ --------- --------- ---------
Diversified
Pioneer Credit Support Moorestown,
Recovery, Inc. Services NJ $931 $6,250 65,567
----------------- ------------ ------------ --------- --------- ---------
JPMorgan Chase Diversified Fort Worth,
Bank, N.A. Banks TX $4,850 $33,000 386,154
----------------- ------------ ------------ --------- --------- ---------
Total $11,188 $75,755 1,026,712
--------------------------------------------- --------- --------- ---------
For additional information on NLOP -- including its latest quarterly report on Form 10-Q and related filings -- please visit the company's website.
Net Lease Office Properties
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust that owns a portfolio of high-quality, primarily single-tenant office properties located in the U.S. and net leased to corporate tenants operating across a variety of industries.
www.nloproperties.com
Institutional Investors:
1-212-492-1140
institutionalir@nloproperties.com
Individual Investors:
1-844-NLO REIT (656-7348)
ir@nloproperties.com
Press Contact:
Anna McGrath
1-212-492-1166
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SOURCE Net Lease Office Properties
(END) Dow Jones Newswires
December 22, 2025 07:30 ET (12:30 GMT)