Net Lease Office Properties (NLOP) Revenue History
Annual and quarterly revenue from 2020 to 2025
Compound Annual Growth Rate (CAGR)
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NLOP Revenue Growth
Revenue Breakdown
NLOP's revenue distribution by segment and geography
By Geography
NLOP Revenue Analysis (2020–2025)
As of May 8, 2026, Net Lease Office Properties (NLOP) generated trailing twelve-month (TTM) revenue of $90.8 million, reflecting significant decline in growth of -100.0% year-over-year. The most recent quarter (Q1 2026) recorded $0 in revenue, down 100.0% sequentially.
Looking at the longer-term picture, NLOP's 5-year compound annual growth rate (CAGR) stands at -3.7%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $175.0 million in 2023.
When compared to Real Estate sector peers including WPC (+24.5% YoY), NNN (+5.8% YoY), and EPRT (+24.7% YoY), NLOP has underperformed the peer group in terms of revenue growth. Compare NLOP vs WPC →
NLOP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NLOPCurrent | $91M | -100.0% | -3.7% | 29.4% | |
 WPC | $1.7B | +24.5% | +8.0% | 44.4% | |
 NNN | $926M | +5.8% | +7.0% | 61.5% | |
 EPRT | $562M | +24.7% | +27.9% | 64.5% | |
 ADC | $718M | +17.8% | +23.6% | 47.4% | |
 NTST | $195M | +20.3% | +42.0% | 25.7% |
NLOP Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $120.0M | -15.6% | $10.6M | 8.8% | $35.3M | 29.4% |
| 2024 | $142.2M | -18.7% | $98.6M | 69.3% | $34.4M | 24.2% |
| 2023 | $175.0M | +12.0% | $137.1M | 78.4% | $40.1M | 22.9% |
| 2022 | $156.2M | +5.6% | $124.2M | 79.5% | $43.1M | 27.6% |
| 2021 | $147.9M | +2.2% | $117.8M | 79.7% | $48.9M | 33.1% |
| 2020 | $144.8M | - | $116.3M | 80.4% | $0 | - |
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Start ComparisonNLOP — Frequently Asked Questions
Quick answers to the most common questions about buying NLOP stock.
Is NLOP's revenue growth accelerating or slowing?
NLOP revenue declined -100.0% year-over-year, contrasting with the 5-year CAGR of -3.7%. TTM revenue fell to $91M. This reverses the prior growth trend.
What is NLOP's long-term revenue growth rate?
Net Lease Office Properties's 5-year revenue CAGR of -3.7% reflects the variable expansion pattern. Current YoY growth of -100.0% is below this long-term average.
How is NLOP's revenue distributed by segment?
NLOP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2025 are available for download. Segment mix reveals concentration and diversification trends.