NLOP Q1 2024 Earnings — Net Lease Office Properties Revenue & Financial Results | Market Cap Arena

NLOPNet Lease Office Properties

$210M

Q1 2024 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$44M+3.1% YoY

Gross Profit

$34M76.7% margin

Operating Income

$14M31.5% margin

Net Income

-$28M-63.3% margin

EPS (Diluted)

$-1.88

QoQ Revenue Growth

-5.1%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$26M

Stock-Based Comp.

$75,000

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$580M

Stockholders' Equity

$647M

Cash & Equivalents

$40M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$43M	+3.1%
Gross Profit	$34M	$43M	-20.9%
Operating Income	$14M	$37M	-62.7%
Net Income	-$28M	$4M	-843.8%

Geographic Segments

UNITED STATES

$41M92%

Non-US

$3M8%