Net Lease Office Properties Declares Special Cash Distribution of $3.30 Per Share

Core Viewpoint - Net Lease Office Properties (NLOP) has declared a special cash distribution of $3.30 per share, amounting to approximately $49 million, payable on April 14, 2026, to shareholders of record as of March 30, 2026 [1]. Group 1: Financial Announcements - The special cash distribution of $3.30 per share totals around $49 million [1]. - The company recently sold two office properties for gross proceeds of approximately $35.2 million [2]. - The properties sold include a vacant property in St. Petersburg, FL, for $22.5 million and an auto parts facility in Farmington Hills, MI, for $12.7 million [2]. Group 2: Company Overview - Net Lease Office Properties is a publicly traded real estate investment trust (REIT) that owns a portfolio of high-quality, single-tenant office properties in the U.S. [3]. - The properties are net leased to corporate tenants across various industries [3].