NLOP
Net Lease Office PropertiesNLOP
NLOP
About: Net Lease Office Properties is a Maryland real estate investment trust that, together with its consolidated subsidiaries, owns a diversified portfolio of office properties that are primarily leased to corporate tenants on a single-tenant, net-lease basis. Its net leases generally specify a base rent with rent increases and require the tenant to pay substantially all costs associated with operating and maintaining the property. Its portfolio includes approximately 1.2 million square feet of Green-Certified Buildings, 2 LEED-certified buildings, and 1 BREEAM-certified building.
Employees: 197
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
223% more call options, than puts
Call options by funds: $5.01M | Put options by funds: $1.55M
46% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 28
8% more capital invested
Capital invested by funds: $288M [Q3] → $312M (+$24.1M) [Q4]
4% more funds holding
Funds holding: 257 [Q3] → 268 (+11) [Q4]
4.04% more ownership
Funds ownership: 63.63% [Q3] → 67.67% (+4.04%) [Q4]
10% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 62
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$46
53%
upside
Avg. target
$46
53%
upside
High target
$46
53%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
BWS Financial Hamed Khorsand 51% 1-year accuracy 92 / 182 met price target | 53%upside $46 | Buy Maintained | 6 Mar 2025 |
Financial journalist opinion
Neutral
Seeking Alpha
1 week ago
Net Lease Office Properties: Attractively Priced Relative To Book Value
Net Lease Office Properties is in the process of liquidating all its properties and dispose all the returns to shareholders after all the debt is paid back. Judging from where the stock is currently trading, it is priced at a 25% discount to its balance sheet book value. Even accounting for a scenario where NLOP sells its properties for a cap rate above 12%, the downside is still limited.
Negative
Seeking Alpha
2 weeks ago
The State Of REITs: February 2025 Edition
After a brutal December (-6.85%), the REIT sector averaged negative total returns again in January (-1.29%). Large cap (+0.30%) and mid cap REITs (+0.09%) averaged small gains in January, whereas small caps (-0.95%) and micro caps (-7.80%) started the year in the red. Only 42.58% of REIT securities had a positive total during the first month of 2025.
Neutral
PRNewsWire
1 month ago
Net Lease Office Properties Announces Tax Treatment of 2024 Dividends
NEW YORK , Jan. 22, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) announced the income tax treatment of dividends reported on Form 1099-DIV for 2024. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Net Lease Office Properties dividends.
Positive
Seeking Alpha
1 month ago
Net Lease Office Properties: 2025 Update
NLOP has disposed of a third of its properties, generating $371m in sales, and is on track to reach net debt zero by end of 2024. Remaining property value is estimated at $661m, with $703m of future value to distribute, translating to $47.50 per share (~50% upside). Risks include potential discounts on large property sales and extended liquidation timelines, but ongoing rent collections provide a safety net.
Neutral
Seeking Alpha
2 months ago
Fire And Ice
US equity markets tumbled this week while benchmark interest rates surged to the cusp of multi-decade highs after a critical slate of employment data showed surprisingly buoyant labor market trends. Prompting a hawkish re-think of Fed policy expectations, inflation worries were further inflamed by surging energy prices amid frigid temperatures across the Central and East, while L.A. battled destructive wildfires. Real estate equities - the most rate-sensitive sector - were significant laggards this week as rate cut expectations soured, with REITs extending their year-end slide into early 2025.
Neutral
PRNewsWire
2 months ago
Net Lease Office Properties Announces Sales of Five Office Properties Totaling $43 Million
J.P. Morgan Senior Secured Mortgage Repaid in Full NEW YORK , Jan. 10, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) today announced the sale of the following five office properties in November and December for gross proceeds totaling $43.3 million. PrimaryTenant PrimaryTenantIndustry Location ABR(at timeof sale)* ($000s) GrossSale Proceeds($000s) SquareFeet NLOP CollateralPool Caremark RX, L.L.C.
Neutral
Seeking Alpha
2 months ago
7-21% Yielding Dividend Growers: 2 To Buy And 2 To Avoid
Investing in high-yield stocks that grow their payouts regularly offers attractive total returns and protects purchasing power against inflation over the long term. However, not all high-yielding dividend growth stocks are worth buying. As a result, caution is needed when investing in high-yield, high-growth stocks.
Positive
Seeking Alpha
2 months 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
3 months 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 months 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.
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