网络租赁办公楼物业2025年季度报告

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedSeptember30, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from__________ to __________ Commission File Number:001-41812 Net Lease Office Properties(Exact name of registrant as specified in its charter) 92-0887849 (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☑ Registrant has14,814,075common shares of beneficial interest, $0.001 par value, outstanding at October31, 2025. INDEX PART I — FINANCIAL INFORMATIONItem 1. Financial Statements (Unaudited)Consolidated Balance Sheets as ofSeptember30, 2025 and December 31, 20243Consolidated Statements of Operations for the Three andNineMonths EndedSeptember30, 2025 and 20244Consolidated Statements of ComprehensiveLossfor the Three andNineMonths EndedSeptember30, 2025 and20245Consolidated Statements of Equity for the Three andNineMonths EndedSeptember30, 2025 and 20246Consolidated Statements of Cash Flows for theNineMonths EndedSeptember30, 2025 and 20248Notes to Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item 3.Quantitative and Qualitative Disclosures About Market Risk34Item 4.Controls and Procedures36 PART II — OTHER INFORMATIONItem 6.ExhibitsSignatures Forward-Looking Statements This Quarterly Report on Form 10-Q (this “Report”), including Management’s Discussion and Analysis of Financial Condition andResults of Operations in Item 2 of Part I of this Report, contains forward-looking statements within the meaning of the federalsecurities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,”“estimate,” “intend,” “strategy,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similarexpressions. These forward-looking statements include, but are not limited to, statements regarding: our corporate strategy andestimated or future economic performance and results, including our expectations surrounding the impact of the broadermacroeconomic environment and the ability of tenants to pay rent, financial condition, liquidity, results of operations, and prospects;our future capital expenditure and leverage levels, debt service obligations, and plans to fund our liquidity needs, including our abilityto sell or dispose of properties; prospective statements regarding our access to the capital markets; statements that we make regardingour ability to remain qualified for taxation as a real estate investment trust (“REIT”); and the impact of recently issued accountingpronouncements and regulatory activity. These statements are based on the current expectations of our management. It is important to note that our actual results could bematerially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that couldcause actual results to differ materially from these forward-looking statements. Other unknown or unpredictable risks or uncertainties,like the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics andglobal outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perceptionthat hostilities may be imminent, political instability or civil unrest, or other confli