Net Lease Office Properties (NLOP) Rent Expense (2022 - 2026)

Net Lease Office Properties (NLOP) recorded quarterly Rent Expense of $703000.0 in Q1 2026, down 64.06% quarter-over-quarter from $2.0 million in Q4 2025, and down 71.36% on a YoY basis from $2.5 million in Q1 2025.

Net Lease Office Properties (NLOP) Rent Expense (2022 - 2026) Analysis & Trends

Net Lease Office Properties' Rent Expense history runs 5 years deep, the most recent figure standing at $703000.0 for Q1 2026.

  • In Q1 2026, Rent Expense fell 71.36% year-over-year to $703000.0; the TTM figure through Mar 2026 stood at $6.8 million (down 38.44% YoY), while the FY2025 annual figure was $8.6 million, down 21.22% from the prior year.
  • Rent Expense was $703000.0 for Q1 2026 at Net Lease Office Properties, down from $2.0 million in the prior quarter.
  • In the past five years, Rent Expense ranged from a high of $3.0 million in Q3 2024 to a low of $703000.0 in Q1 2026.
  • Historically, Rent Expense has averaged $2.2 million across 5 years, with a median of $2.2 million in 2023.
  • The sharpest annual moves came in 2024 and 2026: Rent Expense jumped 36.99% in 2024, then sank 71.36% in 2026.
  • A 5-year view of Rent Expense shows it stood at $2.1 million in 2022, then rose by 2.46% to $2.2 million in 2023, then surged by 36.99% to $3.0 million in 2024, then sank by 33.99% to $2.0 million in 2025, then slumped by 64.06% to $703000.0 in 2026.
  • The last three Rent Expense figures came in at $703000.0 (Q1 2026), $2.0 million (Q4 2025), and $1.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Rental Exp. (Qtr)
1 Alexandria Real Estate Equities 9.03 Bn 9.03 Bn - -
2 Cousins Properties 4.85 Bn 4.87 Bn 180.52 Mn -
3 Kilroy Realty 4.57 Bn 4.57 Bn -59.85 Mn 2.99 Mn
4 Sl Green Realty 3.90 Bn 4.01 Bn 252.80 Mn -
5 Copt Defense Properties 3.85 Bn 3.90 Bn 195.09 Mn -
6 Highwoods Properties 3.25 Bn 3.27 Bn - -
7 Douglas Emmett 2.11 Bn 3.29 Bn 176.48 Mn -
8 Empire State Realty OP 1.49 Bn 1.49 Bn - -
9 Piedmont Realty Trust 1.15 Bn 1.15 Bn 85.99 Mn -
10 Net Lease Office Properties 174.95 Mn 178.91 Mn 8.43 Mn 703,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 703,000.00
Mar 31, 2026 703,000.00
Dec 31, 2025 1.96 Mn
Dec 31, 2025 1.96 Mn
Sep 30, 2025 1.93 Mn
Sep 30, 2025 1.93 Mn
Jun 30, 2025 2.24 Mn
Jun 30, 2025 2.24 Mn
Mar 31, 2025 2.46 Mn
Mar 31, 2025 2.46 Mn
Dec 31, 2024 2.96 Mn
Dec 31, 2024 2.96 Mn
Sep 30, 2024 3.04 Mn
Sep 30, 2024 3.04 Mn
Jun 30, 2024 2.65 Mn
Jun 30, 2024 2.65 Mn
Mar 31, 2024 2.25 Mn
Mar 31, 2024 2.25 Mn
Dec 31, 2023 2.16 Mn
Dec 31, 2023 2.16 Mn