Net Lease Office Properties (NLOP) Operating Expenses (2022 - 2026)
Net Lease Office Properties (NLOP) posted quarterly Operating Expenses of $6.0 million for Q1 2026, down 73.14% year-over-year from $22.3 million in Q1 2025, and down 75.2% quarter-over-quarter from $24.2 million in Q4 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 for Q1 2026 stood at $6.0 million, down from $24.2 million in the prior quarter.
- The five-year high for Operating Expenses was $167.0 million in Q4 2023, with the low at $6.0 million in Q1 2026.
- The 5-year median for Operating Expenses is $32.0 million (2023), against an average of $49.0 million.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses soared 423.18% in 2023, then sank 73.14% in 2026.
- Net Lease Office Properties' Operating Expenses stood at $31.9 million in 2022, then jumped by 423.18% to $167.0 million in 2023, then plunged by 66.5% to $56.0 million in 2024, then sank by 56.83% to $24.2 million in 2025, then sank by 75.2% to $6.0 million in 2026.
- Business Quant data shows NLOP's Operating Expenses at $6.0 million in Q1 2026, $24.2 million in Q4 2025, and $69.5 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.12 Bn | 8.01 Bn | - | 835.39 Mn |
| 2 | Cousins Properties | 4.87 Bn | 4.87 Bn | 183.86 Mn | 249.25 Mn |
| 3 | Kilroy Realty | 4.25 Bn | 4.25 Bn | 212.24 Mn | 207.02 Mn |
| 4 | Copt Defense Properties | 4.20 Bn | 4.20 Bn | 191.37 Mn | 134.16 Mn |
| 5 | Sl Green Realty | 4.07 Bn | 4.07 Bn | 263.98 Mn | 60.25 Mn |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | 159.11 Mn |
| 7 | Douglas Emmett | 1.98 Bn | 1.62 Bn | 178.95 Mn | 206.20 Mn |
| 8 | Empire State Realty OP | 1.26 Bn | 1.26 Bn | - | 335.61 Mn |
| 9 | Piedmont Realty Trust | 1.21 Bn | 1.21 Bn | 88.14 Mn | 123.54 Mn |
| 10 | Net Lease Office Properties | 172.29 Mn | 172.29 Mn | 6.15 Mn | 12.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.82 Mn |
| 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 |