The Tip Desk

Net Lease Office Properties

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$118.9$142.2$175.0$156.2$147.9
Net income-$145.3-$91.5-$131.7$15.8$1.4
Balance Sheet
Total debt$21.9$169.2$542.0——
Cash Flow Statement
Free cash flow—$69.4$69.0——
Dividends$182.2$1.1$0.0$0.0—

Shares outstanding 14.8M · Free float 94.5%

Annual filing data through FY ended December 31, 2025; float as of October 15, 2026.

Earnings