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
See NLOP on Yahoo Finance
See NLOP on SEC.gov
 |
 |
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.
Stock Chart
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 % |
|---|---|---|---|---|---|---|---|
| $31.34 | $31.67 | $30.92 | $31.50 | $31.57 | 61,923 | -$0.23 | -0.73% |
Last update: 2024-11-27 12:58:42 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.
Latest REIT Press Releases
- Net Lease Office Properties - Net Lease Office Properties Announces Sale of Office Property for $72 Million - Thu, 08 Aug 2024 11:30:53 UTC
- Net Lease Office Properties - Net Lease Office Properties Announces Sale of Two Office Properties Totaling $61 Million - Tue, 11 Jun 2024 11:30:31 UTC
- Net Lease Office Properties - Net Lease Office Properties Announces Sales of Three Office Properties Totaling $132 Million - Thu, 02 May 2024 11:30:26 UTC
- Net Lease Office Properties - W. P. Carey Announces Tax Treatment of 2023 Dividends - Mon, 29 Jan 2024 12:30:38 UTC
- Net Lease Office Properties - Net Lease Office Properties Announces Sales of Four U.S. Office Properties Totaling $43 Million - Thu, 11 Jan 2024 12:30:36 UTC
Key Stats of Trading Day 2024-11-27
EBITDA: $104,364,000
P/E Ratio: N/A
PEG Ratio: N/A
Book Value: 42.06
Dividend Per Share: $0.34
EPS: -13.38
Revenue Per Share TTM: $10.91
ProfitMargin: -122.90%
Operating Margin TTM: 20.20%
Return on Equity TTM: -23.10%
Revenue TTM: $160,911,000
Gross Profit TTM: $156,214,000
Diluted EPS TTM: $-13.38
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 Book Ratio: 0.75
EV to Revenue: 4.14
EV to EBITDA: 59.09x
Shares Outstanding: 14,785,000
52 Week High: $32.94
52 Week Low: $15.83
50 Day Moving Average: $30.76
200 Day Moving Average: $26.86
Properties Owned by NLOP
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. | 5.7 |
| 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
| 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 |
Related REITs
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| Alexander & Baldwin, Inc. (ALEX) | 8.3 | NYSE | Small-Cap | Diversified Retail Office Industrial Specialty | United States |
| Armada Hoffler Properties, Inc. (AHH) | 7.5 | NYSE | Small-Cap | Diversified Retail Residential Office | United States |
| Brandywine Realty Trust (BDN) | 5.6 | NYSE | Small-Cap | Office Residential | United States |
| Centerspace (CSR) | 7.0 | NYSE | Small-Cap | Diversified Residential Office Retail Health Care | United States |
| Consolidated-Tomoka Land Co. (CTO) | 7.0 | NYSE | Small-Cap | Retail Diversified Office Hotel Specialty | United States |
Last updated: 2024-11-27 - v5.8