Net Lease Office Properties

Net Lease Office Properties sold a 1,064,788-square-foot office building in Houston, leased to KBR, for a contract price of $66 million and realized net proceeds of about $65.4 million. The transaction closed on January 15 and was disclosed in an SEC filing. The company also announced two special cash distributions: $5.10 per common share (payment on January 20, 2026) and $4.10 per share (payment on December 19, 2025), following additional property sales, including a Morrisville facility sold to tenant Thermo Fisher for gross proceeds of about $33 million. » More on de.investing.com

In its Q3 2025 investor letter Kingdom Capital Advisors said it highlighted Net Lease Office Properties after the firm divested 22 of 59 properties, repaid all corporate-level debt and returned a dividend roughly equal to 20% of Kingdom’s initial cost basis. Kingdom expects additional marketed or under-contract properties to generate dividends that would further reduce its cost basis to near zero. Net Lease Office Properties shares have declined modestly over the year (one-month -1.24%, 52-week -7.17%) and traded at $28.60 per share on October 10, 2025, with a market cap of about $423.7 million. » More on finance.yahoo.com