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NLOP 
Net Lease Office Properties (NLOP)
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Upturn Advisory Summary
12/03/2025: NLOP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
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 5.51% | Avg. Invested days 39 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/03/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 428.13M USD | Price to earnings Ratio - | 1Y Target Price 46 |
Price to earnings Ratio - | 1Y Target Price 46 | ||
Volume (30-day avg) 1 | Beta 0.19 | 52 Weeks Range 23.66 - 31.30 | Updated Date 12/3/2025 |
52 Weeks Range 23.66 - 31.30 | Updated Date 12/3/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -11.98 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-12 | When After Market | Estimate - | Actual -4.3311 |
Profitability
Profit Margin -156.16% | Operating Margin (TTM) 37.48% |
Management Effectiveness
Return on Assets (TTM) 2.59% | Return on Equity (TTM) -34.12% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 445298071 | Price to Sales(TTM) 3.69 |
Enterprise Value 445298071 | Price to Sales(TTM) 3.69 | ||
Enterprise Value to Revenue 3.84 | Enterprise Value to EBITDA 59.09 | Shares Outstanding 14814075 | Shares Floating 14716450 |
Shares Outstanding 14814075 | Shares Floating 14716450 | ||
Percent Insiders 0.66 | Percent Institutions 59.37 |
Upturn AI SWOT
Net Lease Office Properties
Company Overview
History and Background
Net Lease Office Properties was a real estate investment trust (REIT) that focused on acquiring, owning, and managing a diversified portfolio of single-tenant net lease office properties in the United States. It was formed with the intention of providing shareholders with a reliable income stream and long-term capital appreciation. It was liquidated in 2024.
Core Business Areas
- Net Lease Office Properties: Acquiring, owning, and managing single-tenant net lease office properties. Tenants were responsible for most property-level expenses, including real estate taxes, insurance, and maintenance.
Leadership and Structure
While operating, the company was led by a management team with experience in real estate and finance. It operated as a REIT, meaning its structure was geared towards distributing taxable income to shareholders.
Top Products and Market Share
Key Offerings
- Net Lease Office Space: The company provided office space to single tenants under long-term net leases. Market share information is unavailable due to the company's small size relative to the broader commercial real estate market. Competitors included other net lease REITs and private real estate investors. The properties were spread across the United States.
Market Dynamics
Industry Overview
The net lease real estate market involves properties leased to single tenants under long-term agreements, where the tenant is responsible for most operating expenses. The market is sensitive to interest rates, economic growth, and tenant creditworthiness.
Positioning
Net Lease Office Properties was a smaller player in the net lease REIT sector. It aimed to differentiate itself through a focus on office properties and a diversified portfolio. Competitive advantages were sought through property selection and lease terms.
Total Addressable Market (TAM)
The total addressable market for net lease properties is in the hundreds of billions of dollars. Net Lease Office Properties held a very small percentage of this TAM.
Upturn SWOT Analysis
Strengths
- Diversified portfolio
- Long-term net leases
- Experienced management team (at formation)
- Predictable income stream (when operational)
Weaknesses
- Small market capitalization
- Limited access to capital
- Concentration in office properties
- Sensitivity to interest rate changes
Opportunities
- Acquisition of additional properties
- Refinancing existing debt at lower rates
- Increasing occupancy rates
- Improving lease terms
Threats
- Economic recession
- Rising interest rates
- Tenant defaults
- Increased competition
Competitors and Market Share
Key Competitors
- STOR
- NNN
- O
Competitive Landscape
Net Lease Office Properties was a small player in a competitive market dominated by larger, more established REITs. Their advantage was focusing on Office space that was not as popular as other Real Estate market sectors, and they could secure properties at a discount.
Growth Trajectory and Initiatives
Historical Growth: Growth was dependent on acquisitions and rent increases. Past data will vary due to the liquidation
Future Projections: Future projections are not applicable due to liquidation.
Recent Initiatives: Recent initiatives are not applicable due to liquidation.
Summary
Net Lease Office Properties was a smaller REIT that focused on net lease office properties. The company aimed to provide a stable income stream to shareholders, but it faced challenges related to its size, capital access, and concentration in the office sector. Macroeconomic conditions and interest rate changes also posed risks. The company liquidated in 2024.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings (historical)
- Industry reports
- Financial news sources
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice.
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 - | ||
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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