Add as a preferred source on GoogleNet Lease Office Properties Posts $649,000 Third-Quarter Loss
The company sold two properties during the quarter for $27.9 million in gross proceeds.
Net Lease Office Properties posted a $649,000 third-quarter loss and sold two properties for $27.9 million, bringing cumulative gross proceeds from property sales to $840.4 million.
The loss attributable to the company equaled 4 cents per diluted share. Adjusted funds from operations, or AFFO, attributable to the company totaled $3 million, or 20 cents per diluted share.
Revenue was $5.9 million including reimbursable costs. Normalized pro rata cash net operating income was $5.1 million.
The two sales raised the company's cumulative disposition count to 43 properties.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.