NLOP logo

NLOP Stock Overview

Profile

Full Name:

Net Lease Office Properties

Industry:

Office

Country:

United States

IPO:

November 2, 2023

Indexes:

Not included

Description:

NLOP (Net Lease Office Properties) focuses on acquiring and managing office buildings leased to creditworthy tenants under long-term net leases. This business model emphasizes stable cash flow, minimal management responsibilities, and long-term investment returns, catering to investors seeking reliable income from commercial real estate.

Key Details

Price

$31.40

Annual Revenue

$174.97 M(+12.00% YoY)

Annual EPS

-$9.00(-933.95% YoY)

Annual ROE

-14.71%

Beta

0.75

Events Calendar

Earnings

Next earnings date:

Mar 6, 2025

Recent quarterly earnings:

Nov 6, 2024

Recent annual earnings:

N/A
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 15, 2023
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Nov 14, 24 BWS Financial
Buy
Aug 12, 24 BWS Financial
Buy
Jun 13, 24 BWS Financial
Buy
May 16, 24 BWS Financial
Buy
Feb 9, 24 BWS Financial
Buy

Market Data

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Price

Market cap

Technical

Dividend

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Events

Dividend per share

Dividend yield

Other

Profitability

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Revenue

Profit

EPS

ROA & ROE

EBIT & EBITDA

Valuation

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

PE Ratio

PB Ratio

PS Ratio

Enterprise value

EV/EBITDA

Financial Health

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Liquidity

Leverage

Risk & Stability

Balance Sheet

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Assets

Equity

Liabilities

Debt

Expenses

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Cash Flow

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Cashflow Activities

Free CashFlow

CAPEX

Institutional Ownership

Net Lease Office Properties: 2025 Update
Net Lease Office Properties: 2025 Update
Net Lease Office Properties: 2025 Update
NLOP
seekingalpha.comJanuary 19, 2025

NLOP has disposed of a third of its properties, generating $371m in sales, and is on track to reach net debt zero by end of 2024. Remaining property value is estimated at $661m, with $703m of future value to distribute, translating to $47.50 per share (~50% upside). Risks include potential discounts on large property sales and extended liquidation timelines, but ongoing rent collections provide a safety net.

Net Lease Office Properties Announces Sales of Five Office Properties Totaling $43 Million
Net Lease Office Properties Announces Sales of Five Office Properties Totaling $43 Million
Net Lease Office Properties Announces Sales of Five Office Properties Totaling $43 Million
NLOP
prnewswire.comJanuary 10, 2025

J.P. Morgan Senior Secured Mortgage Repaid in Full NEW YORK , Jan. 10, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) today announced the sale of the following five office properties in November and December for gross proceeds totaling $43.3 million. PrimaryTenant PrimaryTenantIndustry Location ABR(at timeof sale)* ($000s) GrossSale Proceeds($000s) SquareFeet NLOP CollateralPool Caremark RX, L.L.C.

Net Lease Office Properties: Potential To Revalue To Book Value
Net Lease Office Properties: Potential To Revalue To Book Value
Net Lease Office Properties: Potential To Revalue To Book Value
NLOP
seekingalpha.comDecember 18, 2024

Net Lease Office Properties' shares are up 75% this year, driven by undervaluation and strategic property sales. Despite a shrinking asset base, NLOP's adjusted funds from operations remain undervalued, presenting a favorable risk-reward setup. NLOP is currently valued at a 23% discount to book value, though it traded at a much larger discount earlier this year.

Net Lease Office Properties: Valuation Remains Attractive After Recent Rally
Net Lease Office Properties: Valuation Remains Attractive After Recent Rally
Net Lease Office Properties: Valuation Remains Attractive After Recent Rally
NLOP
seekingalpha.comNovember 27, 2024

Net Lease Office Properties is an office REIT with 94% exposure to the United States. Disposals, weaker occupancy, and a tough leasing environment have resulted in declining AFFO in Q3 2024. Leverage is no longer a concern, and I expect the pace of disposals to slow down.

Net Lease Office Properties: Top Value For Office Investors
Net Lease Office Properties: Top Value For Office Investors
Net Lease Office Properties: Top Value For Office Investors
NLOP
seekingalpha.comSeptember 12, 2024

Net Lease Office Properties, spun off from W. P. Carey, is undervalued despite a 61% YTD share price increase. NLOP's Q2'24 results showed strong revenue generation from 47 office properties, with significant tenants like JPMorgan & Chase and CVS Health. Asset sales have picked up in Q2, and the REIT achieved good prices. Near-term lease expirations, however, pose a risk.

Net Lease Office Properties Announces Sale of Office Property for $72 Million
Net Lease Office Properties Announces Sale of Office Property for $72 Million
Net Lease Office Properties Announces Sale of Office Property for $72 Million
NLOP
prnewswire.comAugust 8, 2024

NEW YORK , Aug. 8, 2024 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) today announced the sale of an office property leased to CVS Health Corporation ("CVS") for gross proceeds of $71.5 million. PrimaryTenant PrimaryTenantIndustry Location   ABR(at timeof sale) Gross Sale Proceeds SquareFeet NLOP Collateral Pool CVS Health Care Services 9501 Shea Boulevard, Scottsdale, AZ $4.25 million $71.5 million 354,888 Included Net proceeds after closing costs were used to repay approximately $55 million on J.P.

Net Lease Office Properties Announces Sale of Two Office Properties Totaling $61 Million
Net Lease Office Properties Announces Sale of Two Office Properties Totaling $61 Million
Net Lease Office Properties Announces Sale of Two Office Properties Totaling $61 Million
NLOP
prnewswire.comJune 11, 2024

NEW YORK , June 11, 2024 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) today announced the sale of two office properties leased to BCBSM, Inc. ("Blue Cross Blue Shield") for gross proceeds totaling $60.7 million. PrimaryTenant PrimaryTenantIndustry Locations   ABR(at timeof sale) Gross Sale Proceeds SquareFeet NLOPCollateralPool Blue CrossBlue Shield Managed Health Care 1800 and 3400Yankee DoodleRoad, Eagan, MN $4.7 million $60.7 million 347,472 Included Net proceeds after closing costs were used to repay approximately $48 million on J.P.

Net Lease Office Properties: This Office REIT Is A Steal
Net Lease Office Properties: This Office REIT Is A Steal
Net Lease Office Properties: This Office REIT Is A Steal
NLOP
seekingalpha.comMay 18, 2024

Net Lease Office Properties had a solid start to the first quarter of 2024 with decent results reported earlier this month. The office REIT's adjusted FFO dropped by 14% compared to the previous year, mainly due to asset sales. Further decreases could be anticipated. Net Lease Office Properties is currently undervalued when considering AFFO and book value, and there is significant potential for upward revaluation.

Net Lease Office Properties: Liquidation Analysis
Net Lease Office Properties: Liquidation Analysis
Net Lease Office Properties: Liquidation Analysis
NLOP
Seeking AlphaApril 4, 2024

Seeking Alpha coverage of Net Lease Office Properties lacks analysis of the stated liquidation strategy. NLOP is a liquidation vehicle with the purpose of selling off properties in an orderly manner. My estimated net liquidation value of NLOP is $1.1 billion, offering potentially 100% upside for investors.

Net Lease Office Properties: Too Cheap To Ignore
Net Lease Office Properties: Too Cheap To Ignore
Net Lease Office Properties: Too Cheap To Ignore
NLOP
Seeking AlphaMarch 19, 2024

Net Lease Office Properties is a recently spun-off office REIT with strong AFFO and an attractive valuation. NLOP sold 4 properties, generating $43.1M in transaction proceeds, proving its ability to create successful liquidity events. The company faces risks with near-term lease expirations and lease concessions, but its low valuation makes it an appealing investment.

FAQ

  • What is the ticker symbol for Net Lease Office Properties?
  • Does Net Lease Office Properties pay dividends?
  • What sector is Net Lease Office Properties in?
  • What industry is Net Lease Office Properties in?
  • What country is Net Lease Office Properties based in?
  • When did Net Lease Office Properties go public?
  • Is Net Lease Office Properties in the S&P 500?
  • Is Net Lease Office Properties in the NASDAQ 100?
  • Is Net Lease Office Properties in the Dow Jones?
  • When was Net Lease Office Properties's last earnings report?
  • When does Net Lease Office Properties report earnings?
  • Should I buy Net Lease Office Properties stock now?

What is the ticker symbol for Net Lease Office Properties?

The ticker symbol for Net Lease Office Properties is NYSE:NLOP

Does Net Lease Office Properties pay dividends?

No, Net Lease Office Properties does not pay dividends

What sector is Net Lease Office Properties in?

Net Lease Office Properties is in the Real Estate sector

What industry is Net Lease Office Properties in?

Net Lease Office Properties is in the Office industry

What country is Net Lease Office Properties based in?

Net Lease Office Properties is headquartered in United States

When did Net Lease Office Properties go public?

Net Lease Office Properties's initial public offering (IPO) was on November 2, 2023

Is Net Lease Office Properties in the S&P 500?

No, Net Lease Office Properties is not included in the S&P 500 index

Is Net Lease Office Properties in the NASDAQ 100?

No, Net Lease Office Properties is not included in the NASDAQ 100 index

Is Net Lease Office Properties in the Dow Jones?

No, Net Lease Office Properties is not included in the Dow Jones index

When was Net Lease Office Properties's last earnings report?

Net Lease Office Properties's most recent earnings report was on Nov 6, 2024

When does Net Lease Office Properties report earnings?

The next expected earnings date for Net Lease Office Properties is Mar 6, 2025

Should I buy Net Lease Office Properties stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions