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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Lease revenues $ 29,975 $ 41,977 $ 103,438 $ 124,972
Income from finance leases 0 294 89 1,175
Other lease-related income 1,506 835 10,990 2,424
Revenues 31,481 43,106 114,517 128,571
Operating Expenses        
Impairment charges — real estate 34,164 0 46,451 0
Depreciation and amortization 12,375 17,785 45,467 53,226
Reimbursable tenant costs 6,415 7,091 19,804 20,831
Property expenses, excluding reimbursable tenant costs 3,035 2,352 7,938 6,479
General and administrative 1,823 3,435 5,604 10,034
Asset management fees 1,465 0 4,868 0
Separation and distribution related costs and other 0 1,343 16 2,882
Total operating expenses 59,277 32,006 130,148 93,452
Other Income and Expenses        
Interest expense (11,744) (8,053) (60,342) (24,433)
(Loss) gain on sale of real estate, net (644) 0 21,303 0
Other gains and (losses) 395 (25) (94) 26
Total other income and expenses (11,993) (8,078) (39,133) (24,407)
(Loss) income before income taxes (39,789) 3,022 (54,764) 10,712
Provision for income taxes (485) (232) (858) (303)
Net (Loss) Income (40,274) 2,790 (55,622) 10,409
Net income attributable to noncontrolling interests (21) (26) (64) (77)
Net (Loss) Income Attributable to NLOP $ (40,295) $ 2,764 $ (55,686) $ 10,332
Basic (Loss) Earnings Per Share (per share) $ (2.73) $ 0.19 $ (3.77) $ 0.71
Diluted (Loss) Earnings Per Share (per share) $ (2.73) $ 0.19 $ (3.77) $ 0.71
Weighted-Average Shares Outstanding        
Basic (in shares) 14,785,020 14,620,919 14,785,085 14,620,919
Diluted (in shares) 14,785,020 14,620,919 14,785,085 14,620,919