$NLOP
Net Lease Office Properties Stock $nlop

$nlop Overview Financials Valuation SEC Filings Company Website

2024 Q4 Form 10-Q Financial Statement

#000195297624000054 Filed on November 06, 2024

Income Statement

Concept	2024 Q4	2024 Q3	2023 Q3
Revenue		$31.48M	$43.11M
YoY Change		-26.98%	6.97%
Cost Of Revenue			$9.440M
YoY Change			18.0%
Gross Profit			$33.66M
YoY Change			4.21%
Gross Profit Margin			78.08%
Selling, General & Admin			$3.440M
YoY Change			3.3%
% of Gross Profit			10.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization		$5.300M	$18.30M
YoY Change		-71.04%	8.28%
% of Gross Profit			54.37%
Operating Expenses			$22.57M
YoY Change			-0.97%
Operating Profit			$11.09M
YoY Change			16.61%
Interest Expense			-$8.050M
YoY Change			5.37%
% of Operating Profit			-72.59%
Other Income/Expense, Net		-$11.99M	-$30.00K
YoY Change		39876.67%
Pretax Income		-$39.79M	$3.020M
YoY Change		-1417.52%	182.24%
Income Tax		$485.0K	$230.0K
% Of Pretax Income			7.62%
Net Earnings		-$40.30M	$2.760M
YoY Change		-1559.96%	155.56%
Net Earnings / Revenue		-128.0%	6.4%
Basic Earnings Per Share		-$2.73	$0.19
Diluted Earnings Per Share		-$2.73	$0.19
COMMON SHARES
Basic Shares Outstanding	14.79M shares	14.79M shares	14.62M shares
Diluted Shares Outstanding		14.79M shares	14.62M shares

Balance Sheet

Concept	2024 Q3	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments		$5.100M
YoY Change
Cash & Equivalents	$36.10M	$1.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets		$5.100M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment		$1.285B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets		-$5.100M
YoY Change
TOTAL ASSETS
Total Short-Term Assets		$5.100M
Total Long-Term Assets		-$5.100M
Total Assets	$919.9M	$65.00
YoY Change	1415253746.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$47.30M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt		$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities		$47.30M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt		$261.0M
YoY Change
Other Long-Term Liabilities		$12.20M
YoY Change
Total Long-Term Liabilities		$273.2M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities		$47.30M
Total Long-Term Liabilities		$273.2M
Total Liabilities	$293.8M	$335.4M
YoY Change	-12.4%
SHAREHOLDERS EQUITY
Retained Earnings		-$239.00
YoY Change
Common Stock	$15.00K	$1.00
YoY Change	1499900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$621.9M	$65.00
YoY Change
Total Liabilities & Shareholders Equity	$919.9M	$1.419B
YoY Change	-35.17%

Cashflow Statement

Concept	2024 Q3	2023 Q3
OPERATING ACTIVITIES
Net Income	-$40.30M	$2.760M
YoY Change	-1559.96%	155.56%
Depreciation, Depletion And Amortization	$5.300M	$18.30M
YoY Change	-71.04%	8.28%
Cash From Operating Activities	$20.29M	$20.65M
YoY Change	-1.72%	-28.52%
INVESTING ACTIVITIES
Capital Expenditures	$1.980M	$2.080M
YoY Change	-4.81%	84.07%
Acquisitions
YoY Change
Other Investing Activities	$79.13M	$0.00
YoY Change		-100.0%
Cash From Investing Activities	$77.15M	-$2.080M
YoY Change	-3809.23%	-89.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-92.93M	-18.57M
YoY Change	400.43%	227.51%
NET CHANGE
Cash From Operating Activities	20.29M	20.65M
Cash From Investing Activities	77.15M	-2.080M
Cash From Financing Activities	-92.93M	-18.57M
Net Change In Cash	4.517M	0.000
YoY Change		-100.0%
FREE CASH FLOW
Cash From Operating Activities	$20.29M	$20.65M
Capital Expenditures	$1.980M	$2.080M
Free Cash Flow	$18.31M	$18.57M
YoY Change	-1.38%	-33.11%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Type DocumentType	10-Q
	dei	Entity File Number EntityFileNumber	001-41812
	dei	Entity Central Index Key EntityCentralIndexKey	0001952976
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10001
	dei	City Area Code CityAreaCode	844
	dei	Local Phone Number LocalPhoneNumber	656-7348
	dei	Security12b Title Security12bTitle	Common Shares of Beneficial Interest, par value $0.001 per share
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Shell Company EntityShellCompany	false
CY2024Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	14785014	shares
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	53226000	usd
CY2023Q3	us-gaap	Business Exit Costs1 BusinessExitCosts1	1343000	usd
	us-gaap	Business Exit Costs1 BusinessExitCosts1	16000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	93452000	usd
CY2023Q3	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	0	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	21303000	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	0	usd
CY2024Q3	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	395000	usd
CY2023Q3	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	-25000	usd
	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	-94000	usd
CY2024Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-11993000	usd
CY2023Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-8078000	usd
CY2024Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-39789000	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	664640000	usd
CY2024Q3	us-gaap	Profit Loss ProfitLoss	-40274000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16269000	usd
CY2024Q3	us-gaap	Restricted Cash RestrictedCash	49370000	usd
CY2023Q4	us-gaap	Restricted Cash RestrictedCash	51560000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	67829000	usd
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Registrant Name EntityRegistrantName	Net Lease Office Properties
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	92-0887849
	dei	Entity Address Address Line1 EntityAddressAddressLine1	One Manhattan West, 395 9th Avenue, 58th Floor
	dei	Entity Address City Or Town EntityAddressCityOrTown	New York,
CY2024Q3	nlop	Real Estate Investment Property At Cost Real Estate Leased RealEstateInvestmentPropertyAtCostRealEstateLeased	867072000	usd
CY2023Q4	nlop	Real Estate Investment Property At Cost Real Estate Leased RealEstateInvestmentPropertyAtCostRealEstateLeased	1203991000	usd
CY2024Q3	nlop	Net Investment In Lease And Loans Receivable Before Allowance For Credit Loss NetInvestmentInLeaseAndLoansReceivableBeforeAllowanceForCreditLoss	0	usd
CY2023Q4	nlop	Net Investment In Lease And Loans Receivable Before Allowance For Credit Loss NetInvestmentInLeaseAndLoansReceivableBeforeAllowanceForCreditLoss	10522000	usd
CY2024Q3	nlop	Finite Lived Intangible Asset Acquired In Place Leases Net FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet	238305000	usd
CY2023Q4	nlop	Finite Lived Intangible Asset Acquired In Place Leases Net FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet	357788000	usd
CY2024Q3	nlop	Finite Lived Intangible Asset Off Market Lease Favorable Net FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet	40104000	usd
CY2024Q3	us-gaap	Restricted Cash RestrictedCash	49370000	usd
CY2023Q4	us-gaap	Restricted Cash RestrictedCash	51560000	usd
CY2024Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	36102000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16269000	usd
CY2024Q3	us-gaap	Other Assets OtherAssets	31419000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	65435000	usd
CY2024Q3	us-gaap	Assets Assets	919915000	usd
CY2023Q4	us-gaap	Assets Assets	1305089000	usd
CY2024Q3	us-gaap	Senior Notes SeniorNotes	47767000	usd
CY2023Q4	us-gaap	Senior Notes SeniorNotes	266844000	usd
CY2024Q3	us-gaap	Subordinated Debt SubordinatedDebt	75810000	usd
CY2023Q4	us-gaap	Subordinated Debt SubordinatedDebt	106299000	usd
CY2024Q3	us-gaap	Secured Debt SecuredDebt	115835000	usd
CY2023Q4	us-gaap	Secured Debt SecuredDebt	168836000	usd
CY2024Q3	us-gaap	Long Term Debt LongTermDebt	239412000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	541979000	usd
CY2024Q3	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	43788000	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	59527000	usd
CY2024Q3	us-gaap	Below Market Lease Net BelowMarketLeaseNet	7494000	usd
CY2023Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	10643000	usd
CY2024Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	3118000	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	10450000	usd
CY2024Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	0	usd
CY2023Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1060000	usd
CY2024Q3	us-gaap	Liabilities Liabilities	293812000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	623659000	usd
CY2024Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2024Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2024Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2024Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2024Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2024Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	45000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	45000000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	14785014	shares
CY2024Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	14620919	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	14620919	shares
CY2024Q3	us-gaap	Common Stock Value CommonStockValue	15000	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	15000	usd
CY2024Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	855788000	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	855554000	usd
CY2024Q3	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	198657000	usd
CY2023Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	142960000	usd
CY2024Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-35287000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-35600000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	677009000	usd
CY2024Q3	us-gaap	Minority Interest MinorityInterest	4244000	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	4421000	usd
CY2024Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	626103000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	681430000	usd
CY2024Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	919915000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1305089000	usd
CY2024Q3	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	29975000	usd
CY2023Q3	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	41977000	usd
	dei	Document Period End Date DocumentPeriodEndDate	2024-09-30
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
	dei	Trading Symbol TradingSymbol	NLOP
	dei	Security Exchange Name SecurityExchangeName	NYSE
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q4	nlop	Finite Lived Intangible Asset Off Market Lease Favorable Net FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet	57954000	usd
CY2024Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1145481000	usd
CY2023Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1630255000	usd
CY2024Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	342457000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	458430000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	124972000	usd
	nlop	Income From Direct Financing Leases And Loans Receivables IncomeFromDirectFinancingLeasesAndLoansReceivables	1175000	usd
	nlop	Other Lease Related Income OtherLeaseRelatedIncome	10990000	usd
	nlop	Other Lease Related Income OtherLeaseRelatedIncome	2424000	usd
	us-gaap	Revenues Revenues	114517000	usd
	us-gaap	Revenues Revenues	128571000	usd
CY2024Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12375000	usd
CY2023Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	17785000	usd
	nlop	Reimbursable Tenant Expense ReimbursableTenantExpense	19804000	usd
	nlop	Reimbursable Tenant Expense ReimbursableTenantExpense	20831000	usd
	us-gaap	Occupancy Net OccupancyNet	7938000	usd
	us-gaap	Occupancy Net OccupancyNet	6479000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5604000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10034000	usd
	nlop	Asset Management Fees AssetManagementFees	4868000	usd
	nlop	Asset Management Fees AssetManagementFees	0	usd
	us-gaap	Business Exit Costs1 BusinessExitCosts1	2882000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	130148000	usd
CY2024Q3	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-644000	usd
	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	26000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-39133000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-24407000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-54764000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	10712000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	303000	usd
	us-gaap	Profit Loss ProfitLoss	-55622000	usd
	us-gaap	Profit Loss ProfitLoss	10409000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	64000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	77000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-55686000	usd
	us-gaap	Net Income Loss NetIncomeLoss	10332000	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14620919	shares
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	1191000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	0	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1088149000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	681430000	usd
	us-gaap	Profit Loss ProfitLoss	-55622000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	1191000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	46451000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	67829000	usd
CY2024Q3	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	22781000	usd
CY2024Q3	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	7194000	usd
CY2023Q3	us-gaap	Other Income OtherIncome	500000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	0	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	-508000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	0	usd
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14620919	shares
CY2024Q3	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	600000	usd
CY2023Q3	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	400000	usd
CY2023Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-100000	usd
CY2024Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-100000	usd
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	1300000	usd
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	1100000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-400000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-800000	usd
CY2024Q3	us-gaap	Revenues Revenues	31481000	usd
CY2023Q3	us-gaap	Revenues Revenues	43106000	usd
	us-gaap	Revenues Revenues	114517000	usd
	us-gaap	Revenues Revenues	128571000	usd
CY2024Q3	us-gaap	Noncurrent Assets NoncurrentAssets	803024000	usd
CY2023Q4	us-gaap	Noncurrent Assets NoncurrentAssets	1171825000	usd
CY2023Q4	nlop	Stockholders Equity Note Spinoff Transaction Stock Dividend Rate StockholdersEquityNoteSpinoffTransactionStockDividendRate	0.0667
CY2024Q3	us-gaap	Real Estate Investments RealEstateInvestments	803024000	usd
CY2023Q4	us-gaap	Real Estate Investments RealEstateInvestments	1171825000	usd
CY2024Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	14785014	shares
CY2024Q3	us-gaap	Stockholders Equity StockholdersEquity	621859000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	103438000	usd
CY2024Q3	nlop	Income From Direct Financing Leases And Loans Receivables IncomeFromDirectFinancingLeasesAndLoansReceivables	0	usd
CY2023Q3	nlop	Income From Direct Financing Leases And Loans Receivables IncomeFromDirectFinancingLeasesAndLoansReceivables	294000	usd
	nlop	Income From Direct Financing Leases And Loans Receivables IncomeFromDirectFinancingLeasesAndLoansReceivables	89000	usd
CY2024Q3	nlop	Other Lease Related Income OtherLeaseRelatedIncome	1506000	usd
CY2023Q3	nlop	Other Lease Related Income OtherLeaseRelatedIncome	835000	usd
CY2024Q3	us-gaap	Revenues Revenues	31481000	usd
CY2023Q3	us-gaap	Revenues Revenues	43106000	usd
CY2024Q3	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	34164000	usd
CY2023Q3	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	46451000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	45467000	usd
CY2024Q3	nlop	Reimbursable Tenant Expense ReimbursableTenantExpense	6415000	usd
CY2023Q3	nlop	Reimbursable Tenant Expense ReimbursableTenantExpense	7091000	usd
CY2024Q3	us-gaap	Occupancy Net OccupancyNet	3035000	usd
CY2023Q3	us-gaap	Occupancy Net OccupancyNet	2352000	usd
CY2024Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1823000	usd
CY2023Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3435000	usd
CY2024Q3	nlop	Asset Management Fees AssetManagementFees	1465000	usd
CY2023Q3	nlop	Asset Management Fees AssetManagementFees	0	usd
CY2024Q3	us-gaap	Business Exit Costs1 BusinessExitCosts1	0	usd
CY2024Q3	us-gaap	Costs And Expenses CostsAndExpenses	59277000	usd
CY2023Q3	us-gaap	Costs And Expenses CostsAndExpenses	32006000	usd
CY2024Q3	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	11744000	usd
CY2023Q3	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	8053000	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	60342000	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	24433000	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3022000	usd
CY2024Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	485000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	232000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	858000	usd
CY2024Q3	us-gaap	Profit Loss ProfitLoss	-40274000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	2790000	usd
CY2024Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	21000	usd
CY2023Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	26000	usd
CY2024Q3	us-gaap	Net Income Loss NetIncomeLoss	-40295000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	2764000	usd
CY2024Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.73
CY2024Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.73
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.19
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.19
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-3.77
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-3.77
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.71
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.71
CY2024Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14785020	shares
CY2024Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14785020	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14620919	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14620919	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14785085	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14785085	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14620919	shares
CY2024Q3	us-gaap	Profit Loss ProfitLoss	-40274000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	2790000	usd
	us-gaap	Profit Loss ProfitLoss	-55622000	usd
	us-gaap	Profit Loss ProfitLoss	10409000	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1348000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1282000	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-878000	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	939000	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	407000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	0	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	1755000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	1282000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	313000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	939000	usd
CY2024Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-38519000	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	4072000	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-55309000	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	11348000	usd
CY2024Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	21000	usd
CY2023Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	26000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	64000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	77000	usd
CY2024Q3	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	21000	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	26000	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	64000	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	77000	usd
CY2024Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-38540000	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	4046000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-55373000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	11271000	usd
CY2024Q3	us-gaap	Restricted Stock Value Shares Issued Net Of Tax Withholdings RestrictedStockValueSharesIssuedNetOfTaxWithholdings	-3000	usd
CY2024Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	75000	usd
CY2024Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	90000	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1348000	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	407000	usd
CY2024Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	626103000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1083405000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	2790000	usd
CY2023Q3	nlop	Adjustments To Parent Company Investment Transfers AdjustmentsToParentCompanyInvestmentTransfers	737000	usd
CY2023Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	65000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1282000	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1000	usd
	us-gaap	Restricted Stock Value Shares Issued Net Of Tax Withholdings RestrictedStockValueSharesIssuedNetOfTaxWithholdings	-3000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	225000	usd
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	241000	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-878000	usd
CY2024Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	626103000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1109519000	usd
	us-gaap	Profit Loss ProfitLoss	10409000	usd
	nlop	Adjustments To Parent Company Investment Transfers AdjustmentsToParentCompanyInvestmentTransfers	-35493000	usd
	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	2775000	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	939000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1088149000	usd
	us-gaap	Profit Loss ProfitLoss	-55622000	usd
	us-gaap	Profit Loss ProfitLoss	10409000	usd
	nlop	Depreciation And Amortization Including Intangible Assets And Deferred Financing Costs DepreciationAndAmortizationIncludingIntangibleAssetsAndDeferredFinancingCosts	71577000	usd
	nlop	Depreciation And Amortization Including Intangible Assets And Deferred Financing Costs DepreciationAndAmortizationIncludingIntangibleAssetsAndDeferredFinancingCosts	54755000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	21303000	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	0	usd
	nlop	Amortization Of Rent Related Intangibles And Deferred Rental Revenue AmortizationOfRentRelatedIntangiblesAndDeferredRentalRevenue	-5954000	usd
	nlop	Amortization Of Rent Related Intangibles And Deferred Rental Revenue AmortizationOfRentRelatedIntangiblesAndDeferredRentalRevenue	2720000	usd
	nlop	Realized Gain Loss On Foreign Currency Transactions And Other RealizedGainLossOnForeignCurrencyTransactionsAndOther	-2853000	usd
	nlop	Realized Gain Loss On Foreign Currency Transactions And Other RealizedGainLossOnForeignCurrencyTransactionsAndOther	-1041000	usd
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	2005000	usd
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	-1116000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-371000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-821000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	225000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2566000	usd
	nlop	Proceeds From Lease Payment Sales Type And Direct Financing Leases Operating Activity ProceedsFromLeasePaymentSalesTypeAndDirectFinancingLeasesOperatingActivity	10341000	usd
	nlop	Proceeds From Lease Payment Sales Type And Direct Financing Leases Operating Activity ProceedsFromLeasePaymentSalesTypeAndDirectFinancingLeasesOperatingActivity	0	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-11176000	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	5685000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	61378000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	63869000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	263987000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	usd
	nlop	Payments To Acquire Real Estate Under Construction PaymentsToAcquireRealEstateUnderConstruction	9292000	usd
	nlop	Payments To Acquire Real Estate Under Construction PaymentsToAcquireRealEstateUnderConstruction	4617000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	254695000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4617000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	296806000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	25772000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1071000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	0	usd
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	241000	usd
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	0	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	10000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-526000	usd
	nlop	Proceeds From Payments For Net Transfers Related To Parent Company Investment ProceedsFromPaymentsForNetTransfersRelatedToParentCompanyInvestment	0	usd
	nlop	Proceeds From Payments For Net Transfers Related To Parent Company Investment ProceedsFromPaymentsForNetTransfersRelatedToParentCompanyInvestment	-35493000	usd
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	0	usd
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	2775000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-298108000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-59016000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-322000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-35000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	17643000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	201000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5998000	usd
CY2024Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	85472000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6199000	usd
	us-gaap	Nature Of Operations NatureOfOperations	Business and Organization<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the terms of a separation and distribution agreement, W. P. Carey Inc. (“WPC”) spun off a portfolio of 59 office assets into a separate publicly-traded company (the “Spin-Off”). To accomplish this Spin-Off, WPC formed a Maryland real estate investment trust, Net Lease Office Properties (“NLOP”), on October 21, 2022, to own the 59 office assets. Information with respect to number of properties and square footage is unaudited.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 1, 2023, WPC completed the Spin-Off, contributing 59 office properties to NLOP. Following the closing of the Spin-Off, NLOP operates as a separate publicly-traded REIT, and certain wholly-owned affiliates of WPC (our “Advisor”) externally manage NLOP pursuant to certain advisory agreements (the “NLOP Advisory Agreements”). The Spin-Off was accomplished via a pro rata dividend of 1 NLOP common share for every 15 shares of WPC common stock outstanding.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NLOP intends to qualify and elect to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code, commencing with the Company’s taxable year ended December 31, 2023.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NLOP operates as one segment, and through its subsidiaries, owns, operates, and finances office buildings. As of September 30, 2024, NLOP’s portfolio was comprised of full or partial ownership interests in 45 properties, net leased to 48 corporate tenants, totaling approximately 7.1 million leasable square feet (including 0.6 million of operating square footage for a parking garage at a domestic property), with a weighted-average lease term of 4.3 years.</span></div>
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2024Q3	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	45	property
CY2024Q3	nlop	Number Of Tenants NumberOfTenants	48	tenant
CY2024Q3	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	7100000	acre
	us-gaap	Variable Interest Entity Number Of Entities With Unavailability Of Information VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation	1	vie
CY2023	us-gaap	Variable Interest Entity Number Of Entities With Unavailability Of Information VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation	1	vie
CY2024Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	36102000	usd
CY2024Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	85472000	usd
CY2024Q3	nlop	Debt Covenant Cash Requirements DebtCovenantCashRequirements	48100000	usd
CY2023Q4	nlop	Debt Covenant Cash Requirements DebtCovenantCashRequirements	48400000	usd
CY2024Q3	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	2465000	usd
	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	7868000	usd
CY2024Q3	nlop	Number Of Jointly Owned Investments NumberOfJointlyOwnedInvestments	1	investment
CY2024Q3	us-gaap	Property Subject To Or Available For Operating Lease Accumulated Depreciation PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation	174572000	usd
CY2023Q4	us-gaap	Property Subject To Or Available For Operating Lease Accumulated Depreciation PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation	213034000	usd
CY2024Q3	nlop	Real Estate Investment Property Net Real Estate Leased RealEstateInvestmentPropertyNetRealEstateLeased	692500000	usd
CY2023Q4	nlop	Real Estate Investment Property Net Real Estate Leased RealEstateInvestmentPropertyNetRealEstateLeased	990957000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent	-2300000	usd
CY2024Q3	us-gaap	Depreciation Depreciation	5300000	usd
CY2023Q3	us-gaap	Depreciation Depreciation	7800000	usd
	us-gaap	Depreciation Depreciation	18600000	usd
	us-gaap	Depreciation Depreciation	23300000	usd
CY2023Q3	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	34184000	usd
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	81325000	usd
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	102109000	usd
CY2023Q3	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	7793000	usd
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	22113000	usd
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	22863000	usd
CY2024Q3	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	29975000	usd
CY2023Q3	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	41977000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	103438000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	124972000	usd
CY2024Q3	us-gaap	Gain Loss On Termination Of Lease GainLossOnTerminationOfLease	700000	usd
	us-gaap	Gain Loss On Termination Of Lease GainLossOnTerminationOfLease	8500000	usd
CY2024Q3	us-gaap	Other Income OtherIncome	500000	usd
	us-gaap	Other Income OtherIncome	1500000	usd
	us-gaap	Other Income OtherIncome	1400000	usd
CY2024Q3	us-gaap	Sales Type Lease Lease Receivable SalesTypeLeaseLeaseReceivable	0	usd
CY2023Q4	us-gaap	Sales Type Lease Lease Receivable SalesTypeLeaseLeaseReceivable	10614000	usd
CY2024Q3	nlop	Sales Type Lease Net Investment In Lease Excluding Deferred Selling Profit SalesTypeLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit	0	usd
CY2023Q4	nlop	Sales Type Lease Net Investment In Lease Excluding Deferred Selling Profit SalesTypeLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit	10614000	usd
CY2024Q3	nlop	Sales Type Lease Deferred Selling Profit SalesTypeLeaseDeferredSellingProfit	0	usd
CY2023Q4	nlop	Sales Type Lease Deferred Selling Profit SalesTypeLeaseDeferredSellingProfit	92000	usd
CY2024Q3	us-gaap	Sales Type Lease Net Investment In Lease SalesTypeLeaseNetInvestmentInLease	0	usd
CY2023Q4	us-gaap	Sales Type Lease Net Investment In Lease SalesTypeLeaseNetInvestmentInLease	10522000	usd
	us-gaap	Sales Type Lease Revenue SalesTypeLeaseRevenue	100000	usd
CY2023Q3	nlop	Number Of Real Estate Properties Reclassified From Direct Financing Lease To Property Plant And Equipment NumberOfRealEstatePropertiesReclassifiedFromDirectFinancingLeaseToPropertyPlantAndEquipment	4	property
CY2023Q3	us-gaap	Direct Financing Lease Interest Income DirectFinancingLeaseInterestIncome	300000	usd
	us-gaap	Direct Financing Lease Interest Income DirectFinancingLeaseInterestIncome	1200000	usd
CY2024Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	276390000	usd
CY2024Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	167885000	usd
CY2024Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	108505000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	411479000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	245396000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	166083000	usd
CY2024Q3	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	19419000	usd
CY2024Q3	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	11925000	usd
CY2024Q3	us-gaap	Below Market Lease Net BelowMarketLeaseNet	7494000	usd
CY2023Q4	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	26801000	usd
CY2023Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	16158000	usd
CY2023Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	10643000	usd
	us-gaap	Finite Lived Intangible Assets Foreign Currency Translation Gain Loss FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss	-300000	usd
CY2024Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7400000	usd
CY2023Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	10800000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	28900000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	32300000	usd
CY2023Q4	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	0	usd
CY2024Q3	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	0	usd
CY2024Q3	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	10000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	433000	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	407000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	1191000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	0	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	-1428000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	0	usd
CY2024Q3	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-431000	usd
CY2023Q3	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	0	usd
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-448000	usd
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	0	usd
CY2024Q3	us-gaap	Interest Rate Derivatives At Fair Value Net InterestRateDerivativesAtFairValueNet	10000	usd
CY2024Q3	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	0	usd
CY2024Q3	us-gaap	Credit Derivative Maximum Exposure Undiscounted CreditDerivativeMaximumExposureUndiscounted	100000	usd
CY2023Q3	nlop	Debt Instrument Extension Term DebtInstrumentExtensionTerm	P1Y
CY2023Q3	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	343900000	usd
CY2023Q3	nlop	Number Of Encumbered Property NumberOfEncumberedProperty	40	property
CY2024Q3	nlop	Number Of Encumbered Property NumberOfEncumberedProperty	30	property
	nlop	Number Of Properties Sold NumberOfPropertiesSold	10	property
	nlop	Debt Instrument Decrease Foreign Currency Exchange DebtInstrumentDecreaseForeignCurrencyExchange	1400000	usd
CY2024Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	334000	usd
CY2024Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	157015000	usd
CY2024Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	7379000	usd
CY2024Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0	usd
CY2024Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	79716000	usd
CY2024Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	244444000	usd
CY2024Q3	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	3399000	usd
CY2024Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1633000	usd
CY2024Q3	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	239412000	usd
CY2024Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	100000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	200000	usd
CY2023Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.34
CY2023Q4	us-gaap	Stock Dividends Shares StockDividendsShares	164199	shares
CY2023Q4	us-gaap	Payments Of Dividends PaymentsOfDividends	1100000	usd
CY2024Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-40295000	usd
CY2024Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-40295000	usd
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	2764000	usd
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2764000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-55686000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-55686000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	10332000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	10332000	usd
CY2024Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14785020	shares
CY2024Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14785020	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14620919	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14620919	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14785085	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14785085	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14620919	shares

Files In Submission

Name	View Source	Status
0001952976-24-000054-index-headers.html	Edgar Link	pending
0001952976-24-000054-index.html	Edgar Link	pending
0001952976-24-000054.txt	Edgar Link	pending
0001952976-24-000054-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
nlop-20240930.htm	Edgar Link	pending
nlop-20240930.xsd	Edgar Link	pending
nlop-20240930_g1.jpg	Edgar Link	pending
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nlop-20240930_cal.xml	Edgar Link	unprocessable
nlop-20240930_def.xml	Edgar Link	unprocessable
nlop-20240930_lab.xml	Edgar Link	unprocessable
nlop-20240930_pre.xml	Edgar Link	unprocessable
nlop-20240930_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable

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$NLOP
Net Lease Office Properties Stock $nlop

2024 Q4 Form 10-Q Financial Statement

#000195297624000054 Filed on November 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NLOP Net Lease Office Properties Stock $nlop

2024 Q4 Form 10-Q Financial Statement

#000195297624000054 Filed on November 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NLOP
Net Lease Office Properties Stock $nlop