NLOP: Net Lease Office Properties Financial Statements
Balance sheet, income statement, and cash flow statements for Net Lease Office Properties (NLOP).
$461.44M Market Cap.
NLOP Market Cap. (MRY)
NLOP Shares Outstanding (MRY)
NLOP Assets (MRY)
Total Assets
$805.07M
Total Liabilities
$219.67M
Total Investments
$0
NLOP Income (MRY)
Revenue
$142.25M
Net Income
-$91.47M
Operating Expense
$148.69M
NLOP Cash Flow (MRY)
CF Operations
$71.86M
CF Investing
$297.75M
CF Financing
-$367.98M
NLOP Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $805,069,000 (-38.31%) | $1,305,089,000 (-10.74%) | $1,462,201,000 (14.71%) | $1,274,719,000 |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $63,583,000 (22.37%) | $51,959,000 |
Shareholders Equity | $581,228,000 (-14.15%) | $677,009,000 (-38.89%) | $1,107,776,000 (4.75%) | $1,057,506,000 |
Property Plant & Equipment Net | $707,443,000 (-39.63%) | $1,171,825,000 (-12.86%) | $1,344,686,000 (14.95%) | $1,169,846,000 |
Cash & Equivalents | $68,426,000 (0.88%) | $67,829,000 (1030.86%) | $5,998,000 (51.24%) | $3,966,000 |
Accumulated Other Comprehensive Income | -$40,157,000 (-12.80%) | -$35,600,000 (16.16%) | -$42,464,000 (-2.99%) | -$41,231,000 |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Trade & Non-Trade Payables | $44,145,000 (-25.84%) | $59,527,000 (19.17%) | $49,950,000 (16.80%) | $42,766,000 |
Accumulated Retained Earnings (Deficit) | -$234,443,000 (-63.99%) | -$142,960,000 (0%) | $0 | - |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Tax Liabilities | $0 (0%) | $10,450,000 (-12.90%) | $11,998,000 (43.45%) | $8,364,000 |
Total Debt | $169,216,000 (-68.78%) | $541,979,000 (96.32%) | $276,063,000 (84.16%) | $149,903,000 |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $219,666,000 (-64.78%) | $623,659,000 (76.83%) | $352,682,000 (62.37%) | $217,213,000 |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
NLOP Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $142,247,000 (-18.70%) | $174,965,000 (12.00%) | $156,214,000 (5.62%) | $147,906,000 (2.17%) |
Cost of Revenue | $37,421,000 (2.25%) | $36,599,000 (14.36%) | $32,002,000 (6.39%) | $30,080,000 (5.76%) |
Selling General & Administrative Expense | $7,502,000 (-44.88%) | $13,610,000 (14.65%) | $11,871,000 (15.17%) | $10,307,000 (10.13%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $148,694,000 (-33.59%) | $223,898,000 (176.07%) | $81,101,000 (17.73%) | $68,887,000 (3.55%) |
Interest Expense | $67,962,000 (59.49%) | $42,613,000 (58.76%) | $26,841,000 (-6.28%) | $28,641,000 (-10.88%) |
Income Tax Expense | -$2,382,000 (-660.47%) | $425,000 (-12.55%) | $486,000 (-70.47%) | $1,646,000 (105.75%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$91,386,000 (30.62%) | -$131,722,000 (-934.90%) | $15,777,000 (1012.62%) | $1,418,000 (-91.15%) |
Net Income to Non-Controlling Interests | $85,000 (254.17%) | $24,000 (1300.00%) | -$2,000 (0%) | $0 (0%) |
Net Income | -$91,471,000 (30.57%) | -$131,746,000 (-934.95%) | $15,779,000 (1012.76%) | $1,418,000 (-91.15%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$91,471,000 (30.57%) | -$131,746,000 (-934.95%) | $15,779,000 (1012.76%) | $1,418,000 (-91.15%) |
Weighted Average Shares | $14,789,514 (1.08%) | $14,631,265 (0.07%) | $14,620,919 (0.00%) | $14,620,919 |
Weighted Average Shares Diluted | $14,789,514 (1.08%) | $14,631,265 (0.07%) | $14,620,919 (0.00%) | $14,620,919 |
Earning Before Interest & Taxes (EBIT) | -$25,891,000 (70.81%) | -$88,708,000 (-305.79%) | $43,106,000 (35.96%) | $31,705,000 (-35.24%) |
Gross Profit | $104,826,000 (-24.24%) | $138,366,000 (11.40%) | $124,212,000 (5.42%) | $117,826,000 (1.29%) |
Operating Income | -$43,868,000 (48.71%) | -$85,532,000 (-298.40%) | $43,111,000 (-11.91%) | $48,939,000 (-1.72%) |
NLOP Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $297,749,000 (975.18%) | $27,693,000 (220.84%) | -$22,918,000 (-447.75%) | -$4,184,000 (6.77%) |
Net Cash Flow from Financing | -$367,984,000 (-900.55%) | -$36,778,000 (43.02%) | -$64,541,000 (16.45%) | -$77,245,000 (-17.38%) |
Net Cash Flow from Operations | $71,859,000 (1.26%) | $70,966,000 (-15.80%) | $84,282,000 (11.88%) | $75,335,000 (2.28%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $597,000 (-99.03%) | $61,831,000 (1973.67%) | -$3,300,000 (45.68%) | -$6,075,000 (-267.08%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | -$18,201,000 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | $297,749,000 (975.18%) | $27,693,000 (687.09%) | -$4,717,000 (-12.74%) | -$4,184,000 (6.77%) |
Issuance (Repayment) of Debt Securities | -$366,596,000 (-202.78%) | $356,687,000 (993.06%) | -$39,940,000 (84.88%) | -$264,078,000 (-252.80%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | -$1,072,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$1,027,000 (-1954.00%) | -$50,000 (59.35%) | -$123,000 (-747.37%) | $19,000 (-93.07%) |
Share Based Compensation | $250,000 (-91.39%) | $2,904,000 (-8.13%) | $3,161,000 (31.82%) | $2,398,000 (47.84%) |
Depreciation Amortization & Accretion | $85,290,000 (4.96%) | $81,256,000 (26.42%) | $64,275,000 (6.54%) | $60,327,000 (2.07%) |
NLOP Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 73.70% (-6.83%) | 79.10% (-0.50%) | 79.50% (-0.25%) | 79.70% (-0.87%) |
Profit Margin | -64.30% (14.61%) | -75.30% (-845.54%) | 10.10% (910.00%) | 1.00% (-90.99%) |
EBITDA Margin | 41.80% (1072.09%) | -4.30% (-106.26%) | 68.70% (10.45%) | 62.20% (-16.62%) |
Return on Average Equity (ROAE) | -14.60% (1.35%) | -14.80% (-1086.67%) | 1.50% | - |
Return on Average Assets (ROAA) | -9.10% (4.21%) | -9.50% (-891.67%) | 1.20% | - |
Return on Sales (ROS) | -18.20% (64.10%) | -50.70% (-283.70%) | 27.60% (28.97%) | 21.40% (-36.69%) |
Return on Invested Capital (ROIC) | -2.10% (58.82%) | -5.10% (-282.14%) | 2.80% | - |
Dividend Yield | 0% (0%) | 1.80% | - | - |
Price to Earnings Ratio (P/E) | -5.05 (-145.98%) | -2.05 | - | - |
Price to Sales Ratio (P/S) | 3.25 (110.03%) | 1.54 | - | - |
Price to Book Ratio (P/B) | 0.79 (99.00%) | 0.4 | - | - |
Debt to Equity Ratio (D/E) | 0.38 (-58.96%) | 0.92 (189.62%) | 0.32 (55.12%) | 0.2 |
Earnings Per Share (EPS) | -6.18 (31.33%) | -9 (-933.33%) | 1.08 (980.00%) | 0.1 |
Sales Per Share (SPS) | 9.62 (-19.57%) | 11.96 (11.92%) | 10.68 (5.61%) | 10.12 |
Free Cash Flow Per Share (FCFPS) | 24.99 (270.62%) | 6.74 (23.91%) | 5.44 (11.84%) | 4.87 |
Book Value Per Share (BVPS) | 39.3 (-15.07%) | 46.27 (-38.93%) | 75.77 (4.75%) | 72.33 |
Tangible Assets Book Value Per Share (TABVPS) | 54.44 (-38.97%) | 89.2 (-6.75%) | 95.66 (14.38%) | 83.63 |
Enterprise Value Over EBIT (EV/EBIT) | -24 (-300.00%) | -6 | - | - |
Enterprise Value Over EBITDA (EV/EBITDA) | 10.36 (114.67%) | -70.6 | - | - |
Asset Turnover | 0.14 (12.70%) | 0.13 (10.53%) | 0.11 | - |
Current Ratio | - | - | - | - |
Dividends | $0 (0%) | $0.34 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $369,608,000 (274.63%) | $98,659,000 (24.00%) | $79,565,000 (11.83%) | $71,151,000 (2.87%) |
Enterprise Value (EV) | $615,380,287 (16.97%) | $526,096,583 | - | - |
Earnings Before Tax (EBT) | -$93,853,000 (28.53%) | -$131,321,000 (-907.38%) | $16,265,000 (430.84%) | $3,064,000 (-81.78%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $59,399,000 (897.09%) | -$7,452,000 (-106.94%) | $107,381,000 (16.68%) | $92,032,000 (-14.83%) |
Invested Capital | $905,859,000 (-49.09%) | $1,779,239,000 (6.63%) | $1,668,683,000 (21.92%) | $1,368,697,000 |
Working Capital | - | - | - | - |
Tangible Asset Value | $805,069,000 (-38.31%) | $1,305,089,000 (-6.69%) | $1,398,618,000 (14.38%) | $1,222,760,000 |
Market Capitalization | $461,440,287 (70.78%) | $270,194,583 | - | - |
Average Equity | $627,659,750 (-29.67%) | $892,392,500 (-17.57%) | $1,082,641,000 | - |
Average Assets | $1,000,357,500 (-27.70%) | $1,383,645,000 (1.11%) | $1,368,460,000 | - |
Invested Capital Average | $1,232,419,000 (-28.51%) | $1,723,961,000 (13.52%) | $1,518,690,000 | - |
Shares | 14,785,014 (1.12%) | 14,620,919 (2.52%) | 14,261,721 | - |
