CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues | ||||
| Lease revenues | $ 6,358 | $ 27,508 | $ 13,699 | $ 54,900 |
| Income from finance leases | 0 | 0 | 637 | 0 |
| Other lease-related income | 0 | 1,666 | 1,047 | 3,487 |
| Revenues | 6,358 | 29,174 | 15,383 | 58,387 |
| Operating Expenses | ||||
| Impairment charges — real estate | 7,093 | 81,817 | 7,093 | 82,737 |
| Depreciation and amortization | 2,741 | 9,687 | 5,021 | 19,412 |
| General and administrative | 1,892 | 2,144 | 3,825 | 3,951 |
| Property expenses, excluding reimbursable tenant costs | 488 | 2,244 | 1,191 | 4,699 |
| Asset management fees | 394 | 1,209 | 875 | 2,469 |
| Reimbursable tenant costs | 207 | 6,537 | 802 | 12,677 |
| Total operating expenses | 12,815 | 103,638 | 18,807 | 125,945 |
| Other Income and Expenses | ||||
| Gain (loss) on sale of real estate, net | 531 | (3,251) | 33,151 | (4,259) |
| Interest expense | (390) | (4,400) | (776) | (10,146) |
| Other gains and (losses) | 189 | 697 | (10,020) | 1,140 |
| Total other income and expenses | 330 | (6,954) | 22,355 | (13,265) |
| (Loss) income before income taxes | (6,127) | (81,418) | 18,931 | (80,823) |
| Provision for income taxes | (23) | (100) | (40) | (182) |
| Net (Loss) Income | (6,150) | (81,518) | 18,891 | (81,005) |
| Net income attributable to noncontrolling interests | (44) | (22) | (87) | (43) |
| Net (Loss) Income Attributable to NLOP | $ (6,194) | $ (81,540) | $ 18,804 | $ (81,048) |
| Basic (Loss) Earnings Per Share (per share) | $ (0.42) | $ (5.50) | $ 1.27 | $ (5.47) |
| Diluted (Loss) Earnings Per Share (per share) | $ (0.42) | $ (5.50) | $ 1.27 | $ (5.47) |
| Weighted-Average Shares Outstanding | ||||
| Basic (in shares) | 14,814,075 | 14,814,075 | 14,814,075 | 14,814,075 |
| Diluted (in shares) | 14,814,075 | 14,814,075 | 14,814,075 | 14,814,075 |
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- Definition Asset Management Fees No definition available.
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- Definition Income From Direct Financing Leases And Loans Receivables No definition available.
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- Definition Other Lease Related Income No definition available.
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- Definition Reimbursable Tenant Expense No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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