Net Lease Office Properties (NLOP) Operating Expenses (2022 - 2026)
Net Lease Office Properties (NLOP) recorded quarterly Operating Expenses of $6.0 million in Q1 2026, down 75.2% quarter-over-quarter from $24.2 million in Q4 2025, and down 73.14% on a YoY basis from $22.3 million in Q1 2025.
Net Lease Office Properties (NLOP) Operating Expenses (2022 - 2026) Analysis & Trends
Net Lease Office Properties' Operating Expenses history runs 5 years deep, the most recent figure standing at $6.0 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 73.14% year-over-year to $6.0 million; the TTM figure through Mar 2026 stood at $203.3 million (up 16.7% YoY), while the FY2025 annual figure was $219.6 million, up 18.0% from the prior year.
- Operating Expenses was $6.0 million for Q1 2026 at Net Lease Office Properties, down from $24.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $167.0 million in Q4 2023 to a low of $6.0 million in Q1 2026.
- Historically, Operating Expenses has averaged $49.0 million across 5 years, with a median of $32.0 million in 2023.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses jumped 423.18% in 2023, then slumped 73.14% in 2026.
- A 5-year view of Operating Expenses shows it stood at $31.9 million in 2022, then surged by 423.18% to $167.0 million in 2023, then sank by 66.5% to $56.0 million in 2024, then slumped by 56.83% to $24.2 million in 2025, then slumped by 75.2% to $6.0 million in 2026.
- The last three Operating Expenses figures came in at $6.0 million (Q1 2026), $24.2 million (Q4 2025), and $69.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.03 Bn | 9.03 Bn | - | 634.35 Mn |
| 2 | Cousins Properties | 4.85 Bn | 4.87 Bn | 180.52 Mn | 285.09 Mn |
| 3 | Kilroy Realty | 4.57 Bn | 4.57 Bn | -59.85 Mn | 208.92 Mn |
| 4 | Sl Green Realty | 3.90 Bn | 4.01 Bn | 252.80 Mn | 61.46 Mn |
| 5 | Copt Defense Properties | 3.85 Bn | 3.90 Bn | 195.09 Mn | 142.32 Mn |
| 6 | Highwoods Properties | 3.25 Bn | 3.27 Bn | - | 410.82 Mn |
| 7 | Douglas Emmett | 2.11 Bn | 3.29 Bn | 176.48 Mn | 202.02 Mn |
| 8 | Empire State Realty OP | 1.49 Bn | 1.49 Bn | - | 160.87 Mn |
| 9 | Piedmont Realty Trust | 1.15 Bn | 1.15 Bn | 85.99 Mn | 124.51 Mn |
| 10 | Net Lease Office Properties | 174.95 Mn | 178.91 Mn | 8.43 Mn | 5.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.99 Mn |
| Dec 31, 2025 | 24.16 Mn |
| Sep 30, 2025 | 69.51 Mn |
| Jun 30, 2025 | 103.64 Mn |
| Mar 31, 2025 | 22.31 Mn |
| Dec 31, 2024 | 55.97 Mn |
| Sep 30, 2024 | 59.28 Mn |
| Jun 30, 2024 | 36.66 Mn |
| Mar 31, 2024 | 34.21 Mn |
| Dec 31, 2023 | 167.05 Mn |
| Sep 30, 2023 | 32.01 Mn |
| Jun 30, 2023 | 30.79 Mn |
| Mar 31, 2023 | 30.66 Mn |
| Dec 31, 2022 | 31.93 Mn |
| Sep 30, 2022 | 31.59 Mn |