NLOP
Net Lease Office PropertiesNLOP
NLOP
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
779% more call options, than puts
Call options by funds: $6.35M | Put options by funds: $722K
8% more capital invested
Capital invested by funds: $266M [Q2] → $287M (+$21.1M) [Q3]
1% less funds holding
Funds holding: 257 [Q2] → 255 (-2) [Q3]
5% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 39
9.49% less ownership
Funds ownership: 72.81% [Q2] → 63.32% (-9.49%) [Q3]
46% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 81
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$46
49%
upside
Avg. target
$46
49%
upside
High target
$46
49%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
BWS Financial Hamed Khorsand 69% 1-year accuracy 112 / 162 met price target | 49%upside $46 | Buy Maintained | 14 Nov 2024 |
Financial journalist opinion
Based on 4 articles about NLOP published over the past 30 days
Positive
Seeking Alpha
3 days ago
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 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.
Positive
Seeking Alpha
2 weeks ago
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 allocation and strategic missteps, leading to underperformance compared to tech stocks. Many other REITs, however, have been beaten down due to short-term supply headwinds and their treatment as bond proxies.
Neutral
Seeking Alpha
3 weeks ago
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 is no longer a concern, and I expect the pace of disposals to slow down.
Positive
Seeking Alpha
3 weeks ago
6% Yielding REITs With Significant Upside Potential
REITs are priced at decade-low valuations. Such low valuations have historically resulted in very high returns. We highlight 2 REITs that offer high yield and upside potential.
Neutral
Seeking Alpha
1 month ago
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 office REITs face significant challenges, including erratic earnings, high costs, and post-COVID demand shifts, making them risky investments despite low multiples. Diversified and retail REITs are undervalued; diversified REITs are misunderstood, and retail REITs have growth potential due to long-term lease roll-ups.
Positive
Seeking Alpha
3 months ago
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.
Positive
Seeking Alpha
3 months ago
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.
Neutral
PRNewsWire
4 months ago
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.
Positive
Seeking Alpha
4 months ago
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.
Neutral
PRNewsWire
5 months ago
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.
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