Net Lease Office Properties Posts $649,000 Third-Quarter Loss
Photo: TokenPost
Net Lease Office Properties posted a $649,000 third-quarter loss and sold two properties for $27.9 million, bringing cumulative gross proceeds from property sales to $840.4 million. The loss attributable to the company equaled 4 cents per diluted share. Adjusted funds from operations, or AFFO, attributable to the company totaled $3 million, or 20 cents per diluted share. Revenue was $5.9 million including reimbursable costs. Normalized pro rata cash net operating income was $5.1 million. The two sales raised the company's cumulative disposition count to 43 properties. John Kim reports on the digital-asset business for TokenPost.
Source: TokenPost
