Net Lease Office Properties (NLOP)

24.31 +0.09 (+0.38%) As of 01:12PM EDT. Market open.

Net Lease Office Properties

One Manhattan West
395 9th Avenue 58th Floor
New York, NY 10001
United States
844 656 7348
https://www.nloproperties.com/overview/default.aspx

Sector(s): Real Estate
Industry: REIT - Office
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jason E. Fox	CEO & Chair of the Board	N/A	N/A	1973
Ms. Toni Ann Sanzone CPA	Chief Financial Officer	N/A	N/A	1977
Mr. Brian H. Zander	Chief Accounting Officer	N/A	N/A	1986

Amounts are as of , and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC's extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.

Corporate governance

Net Lease Office Properties’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.