Net Lease Office Properties (NLOP)
| Market Cap | 457.15M |
| Revenue (ttm) | 160.91M |
| Net Income (ttm) | -197.76M |
| Shares Out | 14.79M |
| EPS (ttm) | -13.40 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.34 (1.11%) |
| Ex-Dividend Date | n/a |
| Volume | 71,686 |
| Open | 30.52 |
| Previous Close | 30.69 |
| Day's Range | 30.52 - 31.43 |
| 52-Week Range | 16.72 - 33.06 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 46.00 (+48.77%) |
| Earnings Date | n/a |
About NLOP
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's bu... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to one analyst, the rating for NLOP stock is "Strong Buy" and the 12-month stock price forecast is $46.0.
News
Net Lease Office Properties: Potential To Revalue To Book Value
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 undervalue...
9 Stocks I'm Buying As The Market Reaches A Rare Level Of Speculative Fervor
The U.S. stock market is highly valued, driven by Big Tech and AI investments, with speculative fervor reminiscent of the late 1990s. Some REITs, like W.P. Carey, face challenges due to poor capital a...
Net Lease Office Properties: Valuation Remains Attractive After Recent Rally
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 ...
These REITs Trade At Discounts, But Should They?
There are substantial valuation gaps among REIT sectors, with some justified by fundamentals and others representing mispricing, providing investment opportunities in undervalued sectors. Hotels and o...
Net Lease Office Properties: Top Value For Office Investors
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 sig...
Net Lease Office Properties: Substantial Upside Remains Even After Threefold Run
Net Lease Office Properties has surged threefold from its lows, hit shortly after its spin-off from W. P. Carey. Chalk this up not to improving sentiment for office REITs, but due to NLOP's success th...
Net Lease Office Properties Announces Sale of Office Property for $72 Million
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 mil...
Alluvial Fund Q2 2024 Portfolio Update
Our portfolio is largely unchanged from last quarter, with Net Lease Office Properties still at the top. McBride shares have performed well for us, up about 30% from the level of our initial purchases...
W. P. Carey Announces Departure of President John Park
NEW YORK , July 10, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT, today announced that John Park will step down as President of the company effective September 30, 2024.
Net Lease Office Properties: Debt Reduction Strategy Appears To Be Working, But Still A Sell
Net Lease Office Properties is a unique REIT, born from a spinoff, that is selling their entire portfolio of office properties. On June 11th, NLOP reported two recent dispositions, generating over $60...
Net Lease Office Properties Announces Sale of Two Office Properties Totaling $61 Million
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 ...
Net Lease Office Properties: This Office REIT Is A Steal
Net Lease Office Properties reported decent Q1'24 results at the beginning of the month. The office REIT's adjusted FFO declined 14% YoY due to asset divestments. More declines may be expected. Net Le...
Net Lease Office Properties - Special Situation
Net Lease Office Properties is a recent spin-off from W. P. Carey. It began trading in November last year with a market cap of $360m and an EV of $884.18m.
Net Lease Office Properties Announces Sales of Three Office Properties Totaling $132 Million
NEW YORK , May 2, 2024 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) today announced the sale of the following three office properties in March and April for gross proceeds totaling approxi...
Net Lease Office Properties: Liquidation Analysis
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. ...
Net Lease Office Properties: Too Cheap To Ignore
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 c...
3 Risky Office REITs (Dumpster Fire Alert)
Some people make decent money dumpster diving, as seen in a Business Insider article about a couple who make up to $3,000 a month selling their trash treasures. The office REIT space is currently unde...
W. P. Carey Announces Tax Treatment of 2023 Dividends
NEW YORK , Jan. 29, 2024 /PRNewswire/ -- W. P. Carey Inc. (W.
Net Lease Office Properties: A Crucial Milestone For This REIT
Net Lease Office Properties is a REIT that was recently formed as a spin-off from W. P. Carey. NLOP's strategy is to dispose of its office assets while maximizing value for shareholders. The company r...
Net Lease Office Properties Announces Sales of Four U.S. Office Properties Totaling $43 Million
NEW YORK , Jan. 11, 2024 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) today announced the sale of the following four U.S. office properties during December 2023 for gross proceeds totaling...
Net Lease Office Properties Declares Common Share Dividend of $0.34 Per Share
NEW YORK , Dec. 8, 2023 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) declared a common share dividend of $0.34 per share (approximately $5.0 million in the aggregate). The dividend is paya...
Net Lease Office Properties: The Ultimate Turnaround Spin-Off
W. P. Carey spun off 59 office properties into a new entity called Net Lease Office Properties. NLOP has a well-diversified portfolio with high occupancy rates and the potential for significant upside...