Filing Flows › Net Lease Office Properties (NLOP) › Q2 2025
Net Lease Office Properties (NLOP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Net Lease Office Properties (NLOP) reported revenue of $29.2M for the second quarter 2025 (Q2 2025), -25% from a year earlier and -0.1% from the quarter before. Operating margin was -255.2%, net loss $81.5M (279.4% of revenue).
Net Lease Office Properties, Q2 2025: revenue $29.2M (-25% year over year), operating margin -255.2%, net loss $81.5M, operating cash flow $11.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.2M | -0.1% | -25% |
| Operating profit | −$74.5M | -1178% | — |
| Net earnings | −$81.5M | -15990% | — |
| Operating cash flow | $11.7M | -17% | -20% |
What changed
Revenue was $29.2M in Q2 2025, down 25% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $74.5M, an operating margin of -255.2%. Total costs grew 183% against a revenue fall of 25%. The fastest-growing cost line was Other operating costs (+192%). The quarter ended with a net loss of $81.5M, after a profit of $513K the previous quarter.
Operating cash flow was $11.7M (down 20% year over year). Non-cash charges added back $9.7M of depreciation and amortization. Working capital and other items added $83.5M.
Questions
What was Net Lease Office Properties' revenue in the second quarter 2025?
Net Lease Office Properties (NLOP) reported revenue of $29.2M for the second quarter 2025 (Q2 2025), -25% from a year earlier and -0.1% from the quarter before.
Was Net Lease Office Properties profitable in the second quarter 2025?
Operating loss was $74.5M (-255.2% of revenue) and net loss $81.5M.