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Upturn stock rating
NLOP logo

Net Lease Office Properties (NLOP)

Upturn stock rating
$29.39
Last Close (24-hour delay)
upturn advisory
PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

10/20/2025: NLOP (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

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

Analysts Price Target For last 52 week
$46 Target price
52w Low $23.66
Current$29.39
52w High $31.3

Analysis of Past Performance

Type Stock
Historic Profit 6.8%
Avg. Invested days 44
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/20/2025

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

ai summary icon Upturn AI SWOT

Net Lease Office Properties

stock logo

Company Overview

overview logo 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.

business area logo Core Business Areas

  • Real Estate Investment: Acquisition, ownership, and management of single-tenant office properties with net leases.

leadership logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization 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 -
Full time employees -

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.