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Upturn AI Summary - About
Net Lease Office Properties(NLOP)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NLOP
11/02/2026: NLOP (1-star) is currently NOT-A-BUY. Pass it for now.
Net Lease Office Properties (NLOP) is a specialized REIT formed as a spin-off from W. P. Carey, focused on managing a portfolio of net-leased office properties. Its business model relies on stable rental income from long-term corporate leases, providing a focused vehicle for investors interested in office real estate. However, the company faces significant structural headwinds from the shift toward hybrid work, which continues to pressure occupancy and asset valuations. Investment suitability is generally limited to those comfortable with sector-specific risks, as growth depends on asset optimization rather than expansion. Investors should monitor developments in office demand and the company’s progress with strategic divestitures.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company is focused on value optimization rather than aggressive growth. |
| Momentum investor | Weak fit | The office sector currently lacks strong positive momentum. |
| Value investor | Mixed fit | Investors may see value in the underlying assets, though risks in the office sector remain significant. |
| Dividend investor | Mixed fit | Dividends are subject to the performance and stability of the office lease portfolio. |
| Low-risk investor | Weak fit | High exposure to the volatile office market makes this unsuitable for low-risk profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is sensitive to interest rate changes and broader office market sentiment. |
| Valuation risk | Medium / high | Office property values are subject to potential downward revaluations. |
| Competition risk (office demand) | High | Weak demand for office space affects renewal rates and rental income. |
| Business quality | Medium | The portfolio consists of established assets but faces sector-wide headwinds. |
| Dividend income | Medium | Income sustainability depends on the credit quality of corporate tenants. |
| Execution risk | Medium / high | Successfully managing or disposing of office assets requires significant operational focus. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -7.17% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/02/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 132.73M USD | Price to earnings Ratio - | 1Y Target Price 46 |
Price to earnings Ratio - | 1Y Target Price 46 | ||
Volume (30-day avg) 156.4K shares | Beta 0.96 | 52 Weeks Range 8.89 - 13.50 | Updated Date 11/01/2026 |
52 Weeks Range 8.89 - 13.50 | Updated Date 11/01/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.07 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Net Lease Revenue | Rental income generated from long-term, net-leased office properties. | The company generates cash primarily from rent payments made by corporate tenants in its office buildings. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 130.97M | Price to Sales(TTM) 2.03 |
Enterprise Value 130.97M | Price to Sales(TTM) 2.03 | ||
Enterprise Value to Revenue 1.73 | Enterprise Value to EBITDA 59.09 | Shares Outstanding 14.81M | Shares Floating 14.70M |
Shares Outstanding 14.81M | Shares Floating 14.70M | ||
Percent Insiders 0.75 | Percent Institutions 59.69 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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