CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Revenues
Lease revenues	$ 24,099	$ 29,975	$ 78,999	$ 103,438
Income from finance leases	0	0	0	89
Other lease-related income	5,685	1,506	9,172	10,990
Revenues	29,784	31,481	88,171	114,517
Operating Expenses
Impairment charges — real estate	50,892	34,164	133,629	46,451
Depreciation and amortization	8,978	12,375	28,390	45,467
Reimbursable tenant costs	4,931	6,415	17,608	19,804
Property expenses, excluding reimbursable tenant costs	1,933	3,035	6,632	7,938
General and administrative	1,658	1,823	5,609	5,604
Asset management fees	1,121	1,465	3,590	4,868
Other expenses	0	0	0	16
Total operating expenses	69,513	59,277	195,458	130,148
Other Income and Expenses
(Loss) gain on sale of real estate, net	(23,693)	(644)	(27,952)	21,303
Interest expense	(1,657)	(11,744)	(11,803)	(60,342)
Other gains and (losses)	969	395	2,109	(94)
Total other income and expenses	(24,381)	(11,993)	(37,646)	(39,133)
Loss before income taxes	(64,110)	(39,789)	(144,933)	(54,764)
Provision for income taxes	(30)	(485)	(212)	(858)
Net Loss	(64,140)	(40,274)	(145,145)	(55,622)
Net income attributable to noncontrolling interests	(21)	(21)	(64)	(64)
Net Loss Attributable to NLOP	$ (64,161)	$ (40,295)	$ (145,209)	$ (55,686)
Basic Loss Per Share (per share)	$ (4.33)	$ (2.73)	$ (9.80)	$ (3.77)
Diluted Loss Per Share (per share)	$ (4.33)	$ (2.73)	$ (9.80)	$ (3.77)
Weighted-Average Shares Outstanding
Basic (in shares)	14,814,075	14,785,020	14,814,075	14,785,085
Diluted (in shares)	14,814,075	14,785,020	14,814,075	14,785,085