Filing Flows › Net Lease Office Properties (NLOP) › Q1 2025
Net Lease Office Properties (NLOP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Net Lease Office Properties (NLOP) reported revenue of $29.2M for the first quarter 2025 (Q1 2025), -34% from a year earlier and +5% from the quarter before. Operating margin was 23.6%, net earnings $513K (1.8% of revenue).
Net Lease Office Properties, Q1 2025: revenue $29.2M (-34% year over year), operating margin 23.6%, net earnings $513K, operating cash flow $14.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.2M | +5% | -34% |
| Operating profit | $6.9M | — | -30% |
| Net earnings | $513K | — | — |
| Operating cash flow | $14.1M | +35% | -46% |
What changed
Revenue was $29.2M in Q1 2025, down 34% year over year and up 5% from the previous quarter.
Operating profit was $6.9M, a 23.6% margin (up 1.4 points year over year). Total costs fell 35% while revenue fell 34%. Net earnings were $492K. The effective tax rate was 13.8%.
Operating cash flow was $14.1M (down 46% year over year), 2753% of net income including minority interests. Non-cash charges added back $9.7M of depreciation and amortization. Working capital and other items added $3.9M.
Questions
What was Net Lease Office Properties' revenue in the first quarter 2025?
Net Lease Office Properties (NLOP) reported revenue of $29.2M for the first quarter 2025 (Q1 2025), -34% from a year earlier and +5% from the quarter before.
Was Net Lease Office Properties profitable in the first quarter 2025?
Operating profit was $6.9M (23.6% of revenue) and net earnings $513K.