#United States #New York #Net Lease Office #NLOP #office properties

Special Cash Distribution by Net Lease Office Properties

On January 20, 2026, Net Lease Office Properties (NLOP) made headlines by declaring a special cash distribution for its shareholders. The Board of Trustees announced that a cash payment of $6.75 per share, totaling approximately $100 million, will be issued. This distribution is a pivotal move for the company, reflecting its ongoing commitment to its investors.

Details of the Distribution

The distribution is set to be payable on February 17, 2026, to shareholders who hold their shares until the end of January 30, 2026. It is essential for shareholders to note that only those who retain their shares through the payment date will be eligible to receive this special cash distribution. Anyone selling their shares before the ex-dividend date of February 18, 2026, will forfeit their right to the cash payment.

Recent Property Transactions

In addition to the significant cash distribution announcement, NLOP is also active in the commercial real estate sector. The company reported the successful sale of three office properties, bringing in approximately $130.6 million. The notable transactions include:
- KBR, Inc.: Located in Houston, TX, this property is a key asset for the construction and engineering giant, with gross sale proceeds of $66 million.
- Google, LLC: This property in Venice, CA, belonging to one of the leading players in internet software and services, achieved a sale of $39.6 million.
- Northrop Grumman Systems Corporation: Situated in Plymouth, MN, this aerospace defense property generated $25 million in proceeds.

Overall, the total sale included properties with a square footage of about 1,323,805 square feet and was valued significantly at $130.6 million in gross proceeds. It is noteworthy that part of the proceeds from the sale of Northrop Grumman's property was utilized to repay a non-recourse mortgage loan.

About Net Lease Office Properties

Net Lease Office Properties is a publicly traded real estate investment trust (REIT) focused on acquiring and managing high-quality, single-tenant office properties throughout the United States. The company leases its properties to a variety of corporate tenants, spanning multiple industries. With this distribution announcement and recent successful transactions, NLOP demonstrates a strong financial position and a commitment to delivering value to its shareholders.

For further information regarding NLOP, including its latest quarterly reports, investor presentations, and other updates, stakeholders are encouraged to visit the company's official website at www.nloproperties.com.