NLOP

Net Lease Office Properties
NLOP
Market cap $448M

30.30 USD

-0.68

2.19%

At close Oct 21, 4:00 PM EDT

After hours

30.30

+0.00

0.00%

1 day

-2.19%

5 days

-2.57%

1 month

-0.66%

3 months

15.69%

6 months

27.90%

Year to date

66.85%

1 year

58.39%

5 years

58.39%

About: Net Lease Office Properties is a real estate investment trust. Through its subsidiaries it owns, operates, and finances office buildings. Its properties are primarily leased to corporate tenants on a single-tenant, net-lease basis. Its portfolio includes approximately 1.5 million square feet of Green-Certified Buildings, 4 LEED-Certified Buildings, and 1 BREEAM-Certified Building.

Employees: 197

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

238% more call options, than puts

Call options by funds: $3.25M | Put options by funds: $960K

2% more capital invested

Capital invested by funds: $237M [Q1] → $241M (+$3.74M) [Q2]

1.36% less ownership

Funds ownership: 67.3% [Q1] → 65.94% (-1.36%) [Q2]

3% less funds holding

Funds holding: 266 [Q1] → 257 (-9) [Q2]

20% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 46

28% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 80

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$46

52%

upside

Avg. target

$46

52%

upside

High target

$46

52%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

BWS Financial

Hamed Khorsand

61% 1-year accuracy

46 / 76 met price target

52%upside

$46

Buy

Maintained

12 Aug 2024

See Analyst Rankings

Financial journalist opinion

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 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: Top Value For Office Investors

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 thus far selling off properties and paying down debt. However, even after this massive run-up in price, substantial upside remains with NLOP stock, given the likely underlying value of what remains of its office building portfolio.

Net Lease Office Properties: Substantial Upside Remains Even After Threefold Run

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 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 Office Property for $72 Million

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. Talen will continue to sell off its legacy fossil fuel-burning power generation fleet and return excess capital to shareholders through buybacks.

Alluvial Fund Q2 2024 Portfolio Update

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.

W. P. Carey Announces Departure of President John Park

7 REITs to Buy Now: June 2024

High interest rates weighed on real estate investment trusts during 2022 and 2023, but REIT stocks have recovered thus far this year. Better yet, it's not too late to capitalize on this trend, by accumulating positions in the top REITs to buy now.

7 REITs to Buy Now: June 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 million in gross sale proceeds. There is more to the story, as these assets recently had their leases extended as part of broader negotiations with the tenant.

Net Lease Office Properties: Debt Reduction Strategy Appears To Be Working, But Still A Sell

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 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 Announces Sale of Two Office Properties Totaling $61 Million

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 Lease Office Properties is undervalued based on AFFO and book value and has considerable upside revaluation potential.

Net Lease Office Properties: This Office REIT Is A Steal

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 - Special Situation

See News Rankings

Charts implemented using Lightweight Charts™