Net Lease Office Properties | REIT Profile

Symbol: NLOP
Exchange: NYSE
HQ: United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office

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See NLOP on SEC.gov

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About Net Lease Office Properties

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 45 high-quality office properties, totaling approximately 6.5 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 48 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $98 million. NLOP’s business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC’s extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.


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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Previous Close Volume Change $ Change %
$30.69 $31.82 $30.63 $31.34 $31.17 87,480 -$0.48 -1.54%

Last update: 2024-12-20 12:58:58 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 2.3

Latest REIT Press Releases


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Key Stats of Trading Day 2024-12-20


Market Capitalization: $453,752,000
EBITDA: $104,364,000
P/E Ratio: N/A
PEG Ratio: N/A
Book Value: 42.06
Dividend Per Share: N/A
EPS: -13.37
Revenue Per Share TTM: $10.91
ProfitMargin: -122.90%
Operating Margin TTM: 20.20%
Return on Assets TTM: 2.21%
Return on Equity TTM: -23.10%
Revenue TTM: $160,911,000
Gross Profit TTM: $156,214,000
Diluted EPS TTM: $-13.37
Quarterly Earnings Growth YOY: 223.10%
Quarterly Revenue Growth YOY: -27.00%
Trailing P/E: N/A
Forward P/E: N/A
Beta: N/A
Price to Sales Ratio TTM: 2.82
Price to Book Ratio: 0.73
EV to Revenue: 4.08
EV to EBITDA: 59.09x
Shares Outstanding: 14,785,000
52 Week High: $33.06
52 Week Low: $16.84
50 Day Moving Average: $31.24
200 Day Moving Average: $27.41

Properties Owned by NLOP


NLOP Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Dividend History


Below are the most recent cash dividends paid by NLOP. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
NLOP 2023-12-15 0.340 --- 2023-12-08 2023-12-18 2024-01-29

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 7.9
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
Rating Asset & Revenue Section Avg. Rating
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
7 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
2.3 Overall REITRating™ Score (See trend) 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this NLOP. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Net Lease Office Properties Office 601 Jefferson Street Houston TX
Net Lease Office Properties Office 14800 Frye Road Fort Worth TX
Net Lease Office Properties Office 3900 Paramount Parkway Morrisville NC

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Last updated: 2024-12-21 - v5.8