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Net Lease Office Properties (NLOP)



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Upturn Advisory Summary
08/14/2025: NLOP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 9.39% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 487.09M 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 26.10 - 34.53 | Updated Date 08/15/2025 |
52 Weeks Range 26.10 - 34.53 | Updated Date 08/15/2025 | ||
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 2025-08-07 | When After Market | Estimate - | Actual -5.5042 |
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 550110786 | Price to Sales(TTM) 4.14 |
Enterprise Value 550110786 | Price to Sales(TTM) 4.14 | ||
Enterprise Value to Revenue 4.68 | Enterprise Value to EBITDA 59.09 | Shares Outstanding 14814100 | Shares Floating 14717487 |
Shares Outstanding 14814100 | Shares Floating 14717487 | ||
Percent Insiders 0.65 | Percent Institutions 58.66 |
Upturn AI SWOT
Net Lease Office Properties
Company Overview
History and Background
Net Lease Office Properties (NLOP) was formed in 2021 as a spin-off from W. P. Carey Inc. It focuses on single-tenant office properties leased to corporate tenants under long-term net leases.
Core Business Areas
- Net Lease Office Properties: Acquisition, ownership, and management of single-tenant office properties leased to corporate tenants under long-term net leases. The company focuses on generating income from these properties.
Leadership and Structure
Daniel M. Lefkowitz is the Chief Executive Officer. The company operates as a Real Estate Investment Trust (REIT) with a board of directors.
Top Products and Market Share
Key Offerings
- Net Leased Office Properties: NLOP's primary offering is the leasing of office spaces to single corporate tenants under long-term net leases. They lease out spaces. They do not have market share data to offer. Competitors: W.P. Carey, Global Net Lease, American Finance Trust
Market Dynamics
Industry Overview
The net lease REIT sector involves owning single-tenant properties under long-term net leases, where tenants are responsible for property taxes, insurance, and maintenance. The industry is sensitive to interest rate changes and economic conditions.
Positioning
NLOP focuses specifically on office properties, differentiating it from more diversified net lease REITs. It's positioned to benefit from long-term leases with creditworthy tenants.
Total Addressable Market (TAM)
The TAM for net lease office properties is substantial, estimated to be in the hundreds of billions of dollars in the US alone. NLOP's positioning relies on securing high-quality tenants and properties to capture a portion of this market.
Upturn SWOT Analysis
Strengths
- Long-term net leases
- Focus on office properties
- Potential for stable income streams
- Experienced management team
Weaknesses
- Concentration in office sector
- Sensitivity to interest rate fluctuations
- Dependence on single tenants for each property
- Relatively small size compared to larger net lease REITs
Opportunities
- Acquisition of undervalued office properties
- Expansion into new geographic markets
- Increased demand for single-tenant office spaces
- Potential for strategic partnerships
Threats
- Economic downturn impacting tenant financial health
- Rising interest rates increasing borrowing costs
- Increased competition from other net lease REITs
- Changes in tax laws affecting REITs
Competitors and Market Share
Key Competitors
- W. P. Carey (WPC)
- Global Net Lease (GNL)
- American Finance Trust (AFIN)
Competitive Landscape
NLOP's advantage lies in its dedicated focus on office properties, but it faces disadvantages due to its smaller size and limited diversification compared to larger competitors like WPC.
Growth Trajectory and Initiatives
Historical Growth: NLOP's growth trends are dependent on acquisitions and lease renewals. Historical data is limited given its recent spin-off.
Future Projections: Future projections require analyst estimates, which can vary. Specific projections are unavailable.
Recent Initiatives: Recent initiatives could include property acquisitions, lease renewals, and cost-saving measures. Specific details are needed and unavailable.
Summary
Net Lease Office Properties is a REIT focused on single-tenant office properties. It benefits from long-term net leases, providing stable income. However, it is vulnerable to interest rate changes and economic downturns, potentially impacting its tenants and property values. Competition and acquisitions are key factors for its future performance. NLOP's financial metrics and shareholder returns depend on acquiring high-quality assets and renewing leases, all of which need to be monitored.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports (where available)
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may not be precise. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
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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