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Net Lease Office Properties (NLOP)


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Upturn Advisory Summary
10/20/2025: NLOP (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $46
1 Year Target Price $46
0 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 6.8% | Avg. Invested days 44 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 429.16M USD | Price to earnings Ratio - | 1Y Target Price 46 |
Price to earnings Ratio - | 1Y Target Price 46 | ||
Volume (30-day avg) 1 | Beta - | 52 Weeks Range 23.66 - 31.30 | Updated Date 10/20/2025 |
52 Weeks Range 23.66 - 31.30 | Updated Date 10/20/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -10.61 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -133.62% | Operating Margin (TTM) 25.2% |
Management Effectiveness
Return on Assets (TTM) 1.83% | Return on Equity (TTM) -26.88% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 500187353 | Price to Sales(TTM) 3.65 |
Enterprise Value 500187353 | Price to Sales(TTM) 3.65 | ||
Enterprise Value to Revenue 4.25 | Enterprise Value to EBITDA 59.09 | Shares Outstanding 14814075 | Shares Floating 14716302 |
Shares Outstanding 14814075 | Shares Floating 14716302 | ||
Percent Insiders 0.66 | Percent Institutions 58.39 |
Upturn AI SWOT
Net Lease Office Properties

Company Overview
History and Background
Net Lease Office Properties was formed to invest in a portfolio of single-tenant office properties. The company focused on acquiring properties with long-term net leases. As of November 2023, the company liquidated and distributed assets to shareholders.
Core Business Areas
- Real Estate Investment: Acquisition, ownership, and management of single-tenant office properties with net leases.
Leadership and Structure
Leadership consisted of a board of directors and executive management team. The organizational structure was designed to support real estate investment and property management.
Top Products and Market Share
Key Offerings
- Net Leased Office Properties: Single-tenant office buildings leased to creditworthy tenants under long-term net leases. Market share information not readily available as the company has been liquidated. Competitors would have been other REITs and real estate investment firms focused on net lease properties.
Market Dynamics
Industry Overview
The net lease REIT industry involves owning and leasing properties to tenants under long-term net leases, where the tenant is responsible for most operating expenses. The market has fluctuations based on interest rates and economic conditions.
Positioning
Net Lease Office Properties was a smaller player in the net lease REIT space, competing with larger and more established firms. The company's positioning was dependent on its ability to acquire and manage properties effectively.
Total Addressable Market (TAM)
The total addressable market for net lease properties is substantial, encompassing all properties that can be leased under a net lease structure. Net Lease Office Properties' positioning was relative to its capital and operational capabilities.
Upturn SWOT Analysis
Strengths
- Stable cash flow from long-term net leases
- Focus on single-tenant office properties
- Potential for property appreciation
Weaknesses
- Small size compared to larger competitors
- Concentration in office properties
- Dependence on creditworthiness of tenants
Opportunities
- Acquisition of additional properties
- Expansion into new geographic markets
- Diversification of tenant base
Threats
- Rising interest rates
- Economic downturn
- Tenant bankruptcies
- Increased competition
Competitors and Market Share
Key Competitors
- Realty Income (O)
- W. P. Carey (WPC)
- National Retail Properties (NNN)
Competitive Landscape
Net Lease Office Properties was a smaller player compared to larger, more established net lease REITs. Its competitive advantage was dependent on its ability to acquire and manage properties effectively.
Growth Trajectory and Initiatives
Historical Growth: Historical growth would be reflected in the company's financial performance over the years it operated before liquidation.
Future Projections: Future projections are not applicable due to the company's liquidation.
Recent Initiatives: Recent initiatives before liquidation might have included property acquisitions, lease renewals, and cost management efforts.
Summary
Net Lease Office Properties was a real estate investment trust focused on single-tenant office properties. As a smaller player in the net lease market, it faced competition from larger REITs. The company is now liquidated. Prior to liquidation strengths were stable cash flow from long-term leases, while weaknesses included its size. The company's liquidation suggests challenges in its business model.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Financial news sources
Disclaimers:
Data and analysis are based on publicly available information and may not be fully comprehensive. Analysis reflects the company before its liquidation. Market share estimates are approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Net Lease Office Properties
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2023-11-02 | CEO & Chair of the Board Mr. Jason E. Fox | ||
Sector Real Estate | Industry REIT - Office | Full time employees - | Website https://www.nloproperties.com |
Full time employees - | Website https://www.nloproperties.com |
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 37 high-quality office properties, totaling approximately 5.5 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 41 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $88 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 more than 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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