Net Lease Office Properties (Net Lease Office Properties) Interest Expense : $-79.2 Mil (TTM As of Mar. 2024)

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What is Net Lease Office Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Net Lease Office Properties's interest expense for the three months ended in Mar. 2024 was $ -20.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-79.2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Net Lease Office Properties's Operating Income for the three months ended in Mar. 2024 was $ 13.9 Mil. Net Lease Office Properties's Interest Expense for the three months ended in Mar. 2024 was $ -20.8 Mil. Net Lease Office Properties's Interest Coverage for the quarter that ended in Mar. 2024 was 0.67. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Net Lease Office Properties Interest Expense Historical Data

The historical data trend for Net Lease Office Properties's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Net Lease Office Properties Interest Expense Chart

Net Lease Office Properties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-41.93

-32.14

-28.64

-26.84

-42.61

Net Lease Office Properties Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-7.82	-32.20	-8.05	-18.18	-20.80

Net Lease Office Properties Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-79.2 Mil.

Net Lease Office Properties (NYSE:NLOP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Net Lease Office Properties's Interest Expense for the three months ended in Mar. 2024 was $-20.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $13.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $515.2 Mil.

Net Lease Office Properties's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	13.865	/	-20.8
	=	0.67

The higher the ratio, the stronger the company's financial strength is.

Net Lease Office Properties (Net Lease Office Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Net Lease Office Properties (NYSE:NLOP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

395 9th Avenue, 58th Floor, One Manhattan West, New York, NY, USA, 10001

Website

Net Lease Office Properties is a real estate investment trust. Through its subsidiaries it owns, operates and finance office building. Its properties are primarily leased to corporate tenants on a single-tenant, net-lease basis. Its portfolio includes approximately 1.5 million square feet of Green-Certified Buildings, 4 LEED-Certified Buildings and 1 BREEAM-Certified Building.

Executives

Richard J Pinola	director	BANKRATE, INC., 11760 US HIGHWAY 1 SUITE 200, NORTH PALM BEACH FL 33408
Hansing Axel K.a.	director	C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE. 58TH FL, NEW YORK NY 10001
Jean Hoysradt	director	C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE., 58 FL, NEW YORK NY 10001
John J Park	director	C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE. 58TH FL, NEW YORK NY 10001
Jason E. Fox	officer: CHIEF EXECUTIVE OFFICER	C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE., 58 FL, NEW YORK NY 10001
Toniann Sanzone	officer: CHIEF FINANCIAL OFFICER	C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE., 58 FL, NEW YORK, NEW YORK NY 10001
Brian H Zander	officer: CHIEF ACCOUNTING OFFICER	C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE., 58 FL, NEW YORK NY 10001
W. P. Carey Inc.	10 percent owner	ONE MANHATTAN WEST, 395 9TH AVENUE, 58TH FLOOR, NEW YORK NY 10001

Net Lease Office Properties (Net Lease Office Properties) Headlines

From GuruFocus

Net Lease Office Properties Declares Common Share Dividend of $0.34 Per Share

By PRNewswire • 12-08-2023

Net Lease Office Properties Announces Sales of Four U.S. Office Properties Totaling $43 Million

By PRNewswire • 01-11-2024