Net Lease Office Properties (NLOP) Rent Expense (2022 - 2026)
Net Lease Office Properties (NLOP) posted quarterly Rent Expense of $703000.0 for Q1 2026, down 71.36% year-over-year from $2.5 million in Q1 2025, and down 64.06% quarter-over-quarter from $2.0 million in Q4 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 for Q1 2026 stood at $703000.0, down from $2.0 million in the prior quarter.
- The five-year high for Rent Expense was $3.0 million in Q3 2024, with the low at $703000.0 in Q1 2026.
- The 5-year median for Rent Expense is $2.2 million (2023), against an average of $2.2 million.
- The sharpest annual moves came in 2024 and 2026: Rent Expense soared 36.99% in 2024, then plunged 71.36% in 2026.
- Net Lease Office Properties' Rent Expense stood at $2.1 million in 2022, then increased by 2.46% to $2.2 million in 2023, then jumped by 36.99% to $3.0 million in 2024, then plunged by 33.99% to $2.0 million in 2025, then sank by 64.06% to $703000.0 in 2026.
- Business Quant data shows NLOP's Rent Expense at $703000.0 in Q1 2026, $2.0 million in Q4 2025, and $1.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.06 Bn | 7.96 Bn | - | - |
| 2 | Cousins Properties | 4.86 Bn | 4.86 Bn | 183.86 Mn | - |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn | 3.28 Mn |
| 4 | Copt Defense Properties | 4.18 Bn | 4.18 Bn | 191.37 Mn | - |
| 5 | Sl Green Realty | 4.12 Bn | 4.12 Bn | 263.98 Mn | - |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | - |
| 7 | Douglas Emmett | 1.99 Bn | 1.64 Bn | 178.95 Mn | - |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | - |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | - |
| 10 | Net Lease Office Properties | 171.55 Mn | 171.55 Mn | 6.15 Mn | 488,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 488,000.00 |
| Jun 30, 2026 | 488,000.00 |
| 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 |