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| Date | Value |
|---|---|
| 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 |