Completion of Acquisition or Disposition of Assets. On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.

Other Events. Common Share Dividend On December 8, 2023, the Board of Trustees of Net Lease Office Properties (the “ Company ”) authorized a common share dividend (the “ Dividend ”) of $0.34 per share on the outstanding common shares of the Company to the shareholders of record as of the close of business on December 18, 2023 (the “ Record Date ”). The Dividend is payable in either shares of the Company or cash to, and at the election of, the shareholders of record as of the Record Date. The…

Regulation FD Disclosure. Net Lease Office Properties (the “Company, “NLOP,” “we” or “us”) is filing this Current Report on Form 8-K (this “Report”) to provide certain unaudited pro forma condensed combined financial information of NLOP that gives effect to the Spin-Off (as defined below) and related adjustments in accordance with Article 11 of Regulation S-X under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). NLOP previously filed a preliminary information statement i…

Entry into a Material Definitive Agreement. Advisory Agreements On November 1, 2023, (i) the Company and the U.S. Advisor entered into the U.S. Advisory Agreement; and (ii) the Company and W. P. Carey & Co. B.V., a wholly-owned subsidiary of WPC (the “European Advisor” and, together with the U.S. Advisor, the “Advisors”), entered into an advisory agreement (the “European Advisory Agreement” and, together with the U.S. Advisory Agreement, the “Advisory Agreements”), pursuant to which the Advis…

of this Current Report is incorporated herein by reference. At the Distribution Effective Time, WPC completed the Distribution of the Company Common Shares to the stockholders of WPC. The Company is now an independent publicly traded REIT and the Company Common Shares are expected to trade on the NYSE under the symbol “NLOP.”

Change in Control of Registrant. The information provided in the Introductory Note and

Trustee: The Board of Trustees was expanded and new trustees were appointed.

Unregistered Sales of Equity Securities. The information provided in the Introductory Note and

Entry into a Material Definitive Agreement. Separation and Distribution Agreement On October 31, 2023, in connection with the Spin-Off, the Company entered into the Separation and Distribution Agreement with WPC, which set forth the various individual transactions to be consummated that comprised the Separation and the Distribution, including the assets transferred to and liabilities assumed by the Company and its subsidiaries following the Distribution, including the transfer of the Office P…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided in

Other Events. The Company previously filed with the SEC a registration statement on Form 10, initially filed on September 21, 2023 (as amended, the “Registration Statement”), relating to the distribution of outstanding common shares of beneficial interest of the Company (the “Distribution”) by WPC. The Distribution is expected to occur on November 1, 2023, subject to the satisfaction or waiver of the conditions of the Distribution. Prior to the Distribution, WPC will contribute certain office…

Other Events. Net Lease Office Properties (the “Company”) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form 10, initially filed on September 21, 2023 (as amended, the “Registration Statement”), relating to the distribution of outstanding common shares of beneficial interest of the Company (the “Distribution”) by W. P. Carey Inc. (“WPC”). The Distribution is expected to occur on November 1, 2023, subject to the satisfaction or waiver…