See more : EQT Holdings Limited (EQT.AX) Income Statement Analysis – Financial Results
Complete financial analysis of Net Lease Office Properties (NLOP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Net Lease Office Properties, a leading company in the REIT – Office industry within the Real Estate sector.
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Net Lease Office Properties (NLOP)
Industry: REIT - Office
Sector: Real Estate
Website: https://www.nloproperties.com/overview/default.aspx
About Net Lease Office Properties
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC's extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 174.97M | 156.21M | 213.01M | 144.77M | 174.51M |
| Cost of Revenue | 120.66M | 32.00M | 38.16M | 28.44M | 34.13M |
| Gross Profit | 54.31M | 124.21M | 174.86M | 116.32M | 140.37M |
| Gross Profit Ratio | 31.04% | 79.51% | 82.09% | 80.35% | 80.44% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 14.86M | 11.87M | 12.23M | 9.36M | 12.32M |
| Selling & Marketing | 8.45M | 19.79M | 0.00 | 0.00 | 0.00 |
| SG&A | 23.30M | 11.87M | 12.23M | 9.36M | 12.32M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 14.39M | 75.08M | 90.79M | 66.53M | 81.75M |
| Cost & Expenses | 135.04M | 107.08M | 128.94M | 94.97M | 115.88M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 42.61M | 26.84M | 32.47M | 32.14M | 41.93M |
| Depreciation & Amortization | 75.00M | 66.23M | 61.16M | 59.97M | 75.58M |
| EBITDA | -7.29M | 115.37M | 110.10M | 109.76M | 134.21M |
| EBITDA Ratio | -4.17% | 73.85% | 80.12% | 75.82% | 76.91% |
| Operating Income | 40.07M | 49.14M | 84.07M | 49.80M | 58.63M |
| Operating Income Ratio | 22.90% | 31.45% | 39.47% | 34.40% | 33.60% |
| Total Other Income/Expenses | -171.36M | -120.33M | -128.11M | -110.34M | -43.95M |
| Income Before Tax | -131.30M | 16.26M | 25.58M | 16.82M | 14.67M |
| Income Before Tax Ratio | -75.04% | 10.41% | 12.01% | 11.62% | 8.41% |
| Income Tax Expense | 425.00K | 486.00K | 893.00K | 800.00K | 843.00K |
| Net Income | -131.75M | 15.78M | 24.69M | 16.02M | 13.83M |
| Net Income Ratio | -75.30% | 10.10% | 11.59% | 11.06% | 7.92% |
| EPS | -9.00 | 1.11 | 1.73 | 1.12 | 0.97 |
| EPS Diluted | -9.00 | 1.11 | 1.73 | 1.12 | 0.97 |
| Weighted Avg Shares Out | 14.63M | 14.26M | 14.26M | 14.26M | 14.26M |
| Weighted Avg Shares Out (Dil) | 14.63M | 14.26M | 14.26M | 14.26M | 14.26M |
Sell Alert: 2 REITs Getting Risky
Net Lease Office Properties Announces Sales of Four U.S. Office Properties Totaling $43 Million
2 REITs All Investors Should Buy
This Once Magnificent Dividend Stock Is Still an Attractive Income Investment
Net Lease Office Properties Declares Common Share Dividend of $0.34 Per Share
1 REIT To Sell And 1 Strong Buy
Despite an Upcoming Payout Reset, This High-Yielding Dividend Stock Is a Top Buy for Income and Upside
Source: https://incomestatements.info
Category: Stock Reports