Symbols / NLOP Stock $13.15 +2.57% Net Lease Office Properties

Real Estate • REIT - Office • United States • NYQ
NLOP (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Office
CEO Mr. Jason E. Fox
Exch · Country NYQ · United States
Market Cap 194.81M
Enterprise Value 101.19M
Income -145.26M
Sales 105.92M
FCF (ttm) 58.23M
Book/sh 19.84
Cash/sh 8.07
Employees —
Insider 10d —
IPO Oct 27, 2023
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E —
PEG —
P/S 1.84
P/B 0.66
P/C —
EV/EBITDA 1.53
EV/Sales 0.95
Quick Ratio 2.08
Current Ratio 2.11
Debt/Eq 7.42
LT Debt/Eq —
EPS (ttm) -9.81
EPS next Y —
EPS Growth —
Revenue Growth -36.00%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) —
ROA 2.69%
ROE -32.87%
ROIC —
Gross Margin 87.57%
Oper. Margin 4.34%
Profit Margin -137.15%
Shs Outstand 14.81M
Shs Float 14.72M
Insider Own 0.75%
Instit Own 53.67%
Short Float 4.01%
Short Ratio 2.65
Short Interest 589.52K
52W High 34.53
vs 52W High -61.92%
52W Low 11.23
vs 52W Low 17.04%
Beta 0.86
Impl. Vol. 2.96%
Rel Volume 0.72
Avg Volume 258.36K
Volume 185.05K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $12.82
Price $13.15
Change 2.57%
About

Net Lease Office Properties is a publicly traded real estate investment trust that owns a portfolio of high-quality, single-tenant properties located in the U.S. and net leased to corporate tenants operating across a variety of industries.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$13.15
Latest analyst target
3. DCF / Fair value
$70.75
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.15
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-03-06 main BWS Financial Buy → Buy $46
2024-11-14 main BWS Financial Buy → Buy $46
2024-08-12 main BWS Financial Buy → Buy $46
2024-06-13 main BWS Financial Buy → Buy $46
2024-05-16 main BWS Financial Buy → Buy $46
2024-02-09 init BWS Financial — → Buy $60
News
RSS: Latest NLOP news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-09-24 PINOLA RICHARD J Director — 1,012 $29.49 $29,842
2024-11-01 PINOLA RICHARD J Director — 136 — —
2024-11-01 HANSING AXEL K A Director — 136 — —
2024-11-01 HOYSRADT JEAN Director — 136 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
118.92
-16.40%
142.25
-18.70%
174.97
+12.00%
156.21
Operating Revenue
118.92
-16.40%
142.25
-18.70%
174.97
+12.00%
156.21
Cost Of Revenue
35.62
-18.43%
43.66
+15.38%
37.84
+18.26%
32.00
Reconciled Cost Of Revenue
32.69
+52.61%
21.42
-31.88%
31.45
+8.54%
28.97
Gross Profit
83.30
-15.50%
98.58
-28.11%
137.12
+10.39%
124.21
Operating Expense
47.99
-25.27%
64.21
-33.84%
97.05
+19.67%
81.10
Selling General And Administration
7.31
-2.78%
7.52
-65.91%
22.06
+23.25%
17.90
Selling And Marketing Expense
0.00
-100.00%
0.02
-99.81%
8.45
+40.18%
6.03
General And Administrative Expense
7.31
-2.57%
7.50
-44.88%
13.61
+14.65%
11.87
Other Gand A
7.31
-2.57%
7.50
-44.88%
13.61
+14.65%
11.87
Other Operating Expenses
4.80
—
—
—
Total Expenses
83.60
-22.50%
107.88
-20.03%
134.90
+19.27%
113.10
Operating Income
35.31
+2.74%
34.37
-14.22%
40.07
-7.06%
43.11
EBITDA
-93.46
-275.91%
53.13
+829.03%
-7.29
-106.67%
109.34
Normalized EBITDA
76.66
-32.31%
113.25
-7.11%
121.92
+11.51%
109.34
Reconciled Depreciation
38.80
-50.85%
78.94
-3.02%
81.40
+22.89%
66.23
EBIT
-132.26
-412.54%
-25.81
+70.90%
-88.68
-305.74%
43.10
Total Unusual Items
-170.12
-182.96%
-60.12
+53.47%
-129.21
0.00
Total Unusual Items Excluding Goodwill
-170.12
-182.96%
-60.12
+53.47%
-129.21
0.00
Special Income Charges
-141.11
-79.68%
-78.54
+37.47%
-125.60
0.00
Other Special Charges
0.30
+0.00%
0.30
+165.79%
-0.46
-234.91%
0.34
Impairment Of Capital Assets
140.81
+79.98%
78.24
-37.71%
125.60
0.00
Restructuring And Mergern Acquisition
—
—
—
6.03
Net Income
-145.26
-58.81%
-91.47
+30.57%
-131.75
-934.95%
15.78
Pretax Income
-145.00
-54.64%
-93.77
+28.58%
-131.30
-907.34%
16.26
Net Non Operating Interest Income Expense
-10.64
+83.80%
-65.66
-54.09%
-42.61
-58.76%
-26.84
Interest Expense Non Operating
12.74
-81.26%
67.96
+59.49%
42.61
+58.76%
26.84
Net Interest Income
-10.64
+83.80%
-65.66
-54.09%
-42.61
-58.76%
-26.84
Interest Expense
12.74
-81.26%
67.96
+59.49%
42.61
+58.76%
26.84
Interest Income Non Operating
2.10
-8.70%
2.30
—
—
Interest Income
2.10
-8.70%
2.30
—
—
Other Income Expense
-169.68
-171.59%
-62.48
+51.48%
-128.75
-1839200.00%
-0.01
Other Non Operating Income Expenses
0.44
+118.82%
-2.35
-616.23%
0.46
+6614.29%
-0.01
Gain On Sale Of Security
-29.01
-257.50%
18.42
+610.42%
-3.61
—
Tax Provision
0.16
+106.63%
-2.38
-660.47%
0.42
-12.55%
0.49
Tax Rate For Calcs
0.00
+726.67%
0.00
-87.90%
0.00
+602.72%
0.00
Tax Effect Of Unusual Items
-35.73
-2239.17%
-1.53
+94.37%
-27.13
0.00
Net Income Including Noncontrolling Interests
-145.16
-58.84%
-91.39
+30.62%
-131.72
-934.90%
15.78
Net Income From Continuing Operation Net Minority Interest
-145.26
-58.81%
-91.47
+30.57%
-131.75
-934.95%
15.78
Net Income From Continuing And Discontinued Operation
-145.26
-58.81%
-91.47
+30.57%
-131.75
-934.95%
15.78
Net Income Continuous Operations
-145.16
-58.84%
-91.39
+30.62%
-131.72
-934.90%
15.78
Minority Interests
-0.10
-17.65%
-0.09
-254.17%
-0.02
-1300.00%
0.00
Normalized Income
-10.87
+66.95%
-32.88
-10.80%
-29.67
-288.05%
15.78
Net Income Common Stockholders
-145.26
-58.81%
-91.47
+30.57%
-131.75
-934.95%
15.78
Diluted EPS
-9.81
-58.74%
-6.18
+31.33%
-9.00
-933.33%
1.08
Basic EPS
-9.81
-58.74%
-6.18
+31.33%
-9.00
-933.33%
1.08
Basic Average Shares
14.81
+0.17%
14.79
+1.08%
14.63
+0.07%
14.62
Diluted Average Shares
14.81
+0.17%
14.79
+1.08%
14.63
+0.07%
14.62
Diluted NI Availto Com Stockholders
-145.26
-58.81%
-91.47
+30.57%
-131.75
-934.95%
15.78
Depreciation Amortization Depletion Income Statement
35.88
-36.72%
56.70
-24.40%
75.00
+18.66%
63.20
Depreciation And Amortization In Income Statement
35.88
-36.72%
56.70
-24.40%
75.00
+18.66%
63.20
Line Item Trend 2023-12-31
Total Assets
1,305.09
Current Assets
67.83
Cash Cash Equivalents And Short Term Investments
16.27
Cash And Cash Equivalents
16.27
Receivables
10.52
Other Receivables
10.52
Restricted Cash
51.56
Total Non Current Assets
1,237.26
Net PPE
990.96
Gross PPE
1,203.99
Accumulated Depreciation
-213.03
Properties
0.00
Land And Improvements
168.20
Buildings And Improvements
1,035.79
Construction In Progress
—
Goodwill And Other Intangible Assets
170.35
Goodwill
0.00
Other Intangible Assets
170.35
Other Non Current Assets
65.44
Total Liabilities Net Minority Interest
623.66
Current Liabilities
60.59
Payables And Accrued Expenses
60.59
Payables
60.59
Accounts Payable
59.53
Dividends Payable
1.06
Total Non Current Liabilities Net Minority Interest
563.07
Long Term Debt And Capital Lease Obligation
541.98
Long Term Debt
541.98
Non Current Deferred Liabilities
10.45
Non Current Deferred Taxes Liabilities
10.45
Other Non Current Liabilities
10.64
Stockholders Equity
677.01
Common Stock Equity
677.01
Capital Stock
0.01
Common Stock
0.01
Preferred Stock
0.00
Share Issued
14.62
Ordinary Shares Number
14.62
Treasury Shares Number
0.00
Additional Paid In Capital
855.55
Retained Earnings
-142.96
Gains Losses Not Affecting Retained Earnings
-35.60
Minority Interest
4.42
Other Equity Adjustments
-35.60
Total Equity Gross Minority Interest
681.43
Total Capitalization
1,218.99
Working Capital
7.24
Invested Capital
1,218.99
Total Debt
541.98
Net Debt
525.71
Net Tangible Assets
677.01
Tangible Book Value
677.01
Investment Properties
1,171.83
Other Equity Interest
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
64.11
-10.78%
71.86
+1.26%
70.97
-15.80%
84.28
Cash Flow From Continuing Operating Activities
64.11
-10.78%
71.86
+1.26%
70.97
-15.80%
84.28
Net Income From Continuing Operations
-145.16
-58.84%
-91.39
+30.62%
-131.72
-934.90%
15.78
Depreciation Amortization Depletion
38.80
-50.85%
78.94
-3.02%
81.40
+22.89%
66.23
Depreciation
39.76
-53.39%
85.29
+4.96%
81.26
+26.42%
64.28
Amortization Cash Flow
-0.96
+84.95%
-6.35
-4637.14%
0.14
-92.85%
1.96
Depreciation And Amortization
38.80
-50.85%
78.94
-3.02%
81.40
+22.89%
66.23
Amortization Of Intangibles
-0.96
+84.95%
-6.35
-4637.14%
0.14
-92.85%
1.96
Other Non Cash Items
2.56
+10.55%
2.31
+628.08%
-0.44
+85.61%
-3.04
Stock Based Compensation
0.00
-100.00%
0.25
-91.39%
2.90
-8.13%
3.16
Provisionand Write Offof Assets
4.82
0.00
0.00
—
Asset Impairment Charge
140.81
+79.98%
78.24
-37.71%
125.60
0.00
Deferred Tax
0.00
+100.00%
-3.27
-172.36%
-1.20
-15.15%
-1.04
Deferred Income Tax
0.00
+100.00%
-3.27
-172.36%
-1.20
-15.15%
-1.04
Operating Gains Losses
30.28
+574.68%
-6.38
-289.79%
3.36
+58.46%
2.12
Gain Loss On Investment Securities
29.01
+243.48%
-20.22
-660.31%
3.61
—
Gain Loss On Sale Of PPE
0.00
-100.00%
10.34
0.00
0.00
Change In Working Capital
-7.99
-160.76%
13.16
+247.29%
-8.93
-930.98%
1.07
Investing Cash Flow
208.24
-30.06%
297.75
+975.18%
27.69
+220.84%
-22.92
Cash Flow From Continuing Investing Activities
208.24
-30.06%
297.75
+975.18%
27.69
+220.84%
-22.92
Net PPE Purchase And Sale
—
—
-11.16
-136.63%
-4.72
Purchase Of PPE
—
—
-11.16
-136.63%
-4.72
Capital Expenditure
—
—
-11.16
-136.63%
-4.72
Net Business Purchase And Sale
—
0.00
0.00
+100.00%
-20.97
Purchase Of Business
—
0.00
0.00
+100.00%
-20.97
Net Other Investing Changes
20.00
—
—
2.77
Financing Cash Flow
-218.88
+40.52%
-367.98
-900.55%
-36.78
+43.02%
-64.54
Cash Flow From Continuing Financing Activities
-218.88
+40.52%
-367.98
-900.55%
-36.78
+43.02%
-64.54
Net Issuance Payments Of Debt
-111.48
+69.59%
-366.60
-199.83%
367.20
+1019.39%
-39.94
Issuance Of Debt
0.00
0.00
-100.00%
430.91
0.00
Repayment Of Debt
-111.48
+69.59%
-366.60
-475.47%
-63.70
-59.50%
-39.94
Long Term Debt Issuance
0.00
0.00
-100.00%
430.91
0.00
Long Term Debt Payments
-111.48
+69.59%
-366.60
-475.47%
-63.70
-59.50%
-39.94
Net Long Term Debt Issuance
-111.48
+69.59%
-366.60
-199.83%
367.20
+1019.39%
-39.94
Common Stock Dividend Paid
-106.66
-9849.63%
-1.07
0.00
0.00
Cash Dividends Paid
-106.66
-9849.63%
-1.07
0.00
0.00
Net Other Financing Charges
-0.74
-135.76%
-0.32
+99.92%
-403.98
-1542.14%
-24.60
Changes In Cash
53.47
+3192.36%
1.62
-97.38%
61.88
+2047.78%
-3.18
Effect Of Exchange Rate Changes
0.74
+171.86%
-1.03
-1954.00%
-0.05
+59.35%
-0.12
Beginning Cash Position
68.43
+0.88%
67.83
+1030.86%
6.00
-35.49%
9.30
End Cash Position
122.63
+79.22%
68.43
+0.88%
67.83
+1030.86%
6.00
Free Cash Flow
64.11
-10.78%
71.86
+1.26%
70.97
-15.80%
84.28
Net Investment Properties Purchase And Sale
188.25
-36.78%
297.75
+975.18%
27.69
+687.09%
-4.72
Purchase Of Investment Properties
-4.03
+66.42%
-12.00
-7.52%
-11.16
-136.63%
-4.72
Sale Of Investment Properties
192.28
-37.93%
309.75
+697.19%
38.85
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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