#USA #New York #Special Distribution #NYSE NLOP #Net Lease Office Properties

Net Lease Office Properties Declares Special Cash Distribution

In a significant announcement today, Net Lease Office Properties (NLOP) revealed that its Board of Trustees has approved a special cash distribution of $1.50 per common share. This distribution is approximately valued at $22 million and is scheduled to be paid on December 1, 2026, to shareholders who are on record as of the end of business on November 16, 2026.

The special cash distribution is an addition to the company’s ongoing efforts to reward its shareholders. Including this latest distribution, NLOP has announced total distributions amounting to $24.19 per share since the company was spun off in November 2023. The Board's decision indicates a strong financial position and commitment to returning value to its investors.

In a related update, NLOP also disclosed the sale of three office properties that generated gross proceeds totaling approximately $34.4 million. The properties sold include various office spaces across notable locations:

• - Vacant (formerly Intuit) located in Plano, TX - Sold for $20 million, encompassing 166,033 square feet.
• - Vacant (formerly Arcfield) based in King of Prussia, PA - Yielded about $7.85 million with the space covering 88,578 square feet.
• - Arbella Insurance in Quincy, MA, known for property casualty insurance, fetching approximately $6.58 million and consisting of 132,160 square feet.

The gross proceeds from the sale will be utilized to repay a non-recourse mortgage loan associated with the disposition of these properties. This strategic move underlines NLOP's ongoing commitment to maintaining a robust real estate portfolio while ensuring financial stability through asset management.

Net Lease Office Properties operates as a publicly traded real estate investment trust specializing in high-quality, single-tenant office properties across the United States, leased primarily to corporate tenants in diverse industries. With this special distribution and property sales announcement, NLOP reinforces its strong market presence and delivers promising news to its investors and stakeholders.

For more details on NLOP and its financial activities, including the latest quarterly reports and investor presentations, visit their corporate website.

Investors looking to dive deeper into the company’s performance can reach out through their Institutional Investors contact at 1-212-492-1140 or for Individual Investors, the number is 1-844-NLO REIT (656-7348). Press inquiries can be directed to Anna McGrath at 1-212-492-1166.

In a continuously evolving real estate market, NLOP's decisions reflect strategic planning aimed at growth and value enhancement for its shareholders. Stakeholders are encouraged to stay updated on future developments that may impact their investment through the company's official communication channels.