NLOP

Announces Sales of Three Office Properties for $34 Million NEW YORK, Nov. 4, 2026 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees declared a special cash distribution of $1.50 per common share, totaling approximately $22 million. The distribution is payable on December 1, 2026 to shareholders of record as of the close of business on November 16, 2026.

Net Lease Office Properties is executing a full liquidation, having sold 41 properties post-spin and returning over $300m to shareholders. NLOP's remaining portfolio is valued around $200m, with Omnicom as the primary driver and an estimated NAV of $14.75/share. Recent lease extensions and rent increases, notably with Radiate/Grande and the Board of Regents, have enhanced sale prospects and portfolio value.

Board Continues to Unanimously Recommend Shareholders Vote "FOR" All Proposals NEW YORK, June 12, 2026 /PRNewswire/ -- Net Lease Office Properties Inc. ("NLOP" or the "Company") announced that its 2026 Annual Meeting of Shareholders (the "Annual Meeting"), held on June 12, 2026 at 10:00 a.m. Eastern Time, was convened and adjourned without any business being conducted, in order to provide additional time for the Company to solicit proxies.

Net Lease Office Properties is liquidating its office portfolio, with only 18 properties remaining from the original 59. Based on $26M annualized base rent and 10-12% cap rates, NLOP's liquidation value is estimated at $20-22/share, well above the current ~$13 price. Risks include execution uncertainty, short lease terms, tenant concentration, and the distressed state of office real estate.