Net Lease Office Properties · NYSE:NLOP
Net Lease Office Properties — Investor Presentation (August 2025)
7 slides from Net Lease Office Properties's investor presentation, August 2025
Slide 1: NLOP Investor Presentation
NLOP Investor Presentation August 2025
Slide 2: NLOP Overview
NLOP Overview • Net Lease Office Properties (NYSE: NLOP) is a publicly-traded real estate investment trust (REIT) focused on realizing value through the strategic asset management and disposition of its portfolio over time • NLOP is externally managed by W. P. Carey, an advisor with significant expe
Slide 3: Continued Execution of Stated Plan
Continued Execution of Stated Plan 218.1% Apr. 2025 Aug. 2025 Aug. 2024 Jan. 2025 Repayment in full Special cash Sale of one Repayment in full of J.P. Morgan distribution totaling property for of J.P. Morgan mezzanine loan $3.10 per share $72 million senior secured and sales of two ($46 million) ann
Slide 4: Business Plan Progression
NLOP Business Plan Progression • Efficient asset sale execution and prudent capital management have enabled NLOP to fully repay both its senior and mezzanine loans ahead of their initial maturities (10 months and 3.5 years, respectively). At Spin Today (1) # of Properties 59 35 Total Square Footage
Slide 5: Leasing Activity
Leasing Activity Lease Renewals and Extensions Dollars in thousands. Pro rata. As of June 30, 2025. Tenant / Lease Guarantor Property Location Square Footage Prior ABR New ABR (1) Rent Recapture Expected TIs LCs Incremental Term BCBSM (2 properties) Eagan, MN 347,472 $5,041 $4,663 92.5% $1,624 $ --
Slide 6: Asset Sale Summary
Asset Sale Summary Dollars in thousands. Pro rata. As of August 6, 2025. Gross Sales Square Tenant / Lease Guarantor Primary Tenant Industry Property Location ABR (1) Closing Date Proceeds Footage 1 Raytheon Aerospace & Defense Tucson, AZ $1,978 $24,575 143,650 Dec-23 2 Carhartt 3 BCBSM 4 AVL Appare
Slide 7: Remaining Portfolio
Remaining Portfolio Dollars in thousands. Pro rata. As of August 6, 2025. Property Square Property Square Tenant / Lease Guarantor Primary Tenant Industry ABR Tenant / Lease Guarantor Primary Tenant Industry ABR Location Footage (1) Location Footage 1 KBR (2)(3) Construction & Engineering Houston, T
Net Lease Office Properties — Investor Presentation (August 2025) on 6ix