NLOP

Net Lease Office Properties (NYSE:NLOP) is a publicly traded real estate investment trust that was spun off and began trading in November 2023. The company owns a portfolio of 59 high-quality office properties totaling approximately 8.7 million leasable square feet, primarily located in the United States with some European assets. NLOP operates under an external management structure, with its operations managed by affiliates of W. P. Carey Inc. (WPC), leveraging WPC's five decades of experience in single-tenant office real estate. The company's strategic focus centers on maximizing shareholder value through active asset management and systematic disposition of its property portfolio over time.