The Tip Desk

Net Lease Office Properties

Company Stats

Market Cap
$146.2M
as of Sep 30, 2026
Enterprise Value
$48.5M
Shares Outstanding
14.8M
Free Float
94.5%

Income Statement

Revenue
$118.9M
Net Income
-$145.3M
Revenue Growth, 3Y
-8.7%

Balance Sheet

Cash & Equivalents
$119.6M
Total Debt
$21.9M
Net Cash
$97.7M

Returns & Capital

Dividends Paid
$182.2M
Dividend Yield
124.6%
SBC, 3Y Avg
$1.1M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$118.9M——
FY2024$142.2M$69.4M48.8%
FY2023$175.0M$69.0M39.4%
FY2022$156.2M——
FY2021$147.9M——

Annual filing data through FY ended December 31, 2025; shares and float as of October 15, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings