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NLOP

Net Lease Office Properties

NLOP

NYSE·Real Estate·REIT - Office·Mkt cap $169.8M

$11.16

-2.62%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$11.07 - $34.53

P/E

-1.37

Fwd P/E

Beta

0.92

Div Yield

Avg Vol

163.9K

Shares Out

14.8M

Mkt Cap

$169.8M

Price action

Price chart

Down 64.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Institutional-quality portfolio of 59 premium office properties with strong tenant credit profiles
  • 50-year track record of WPC management expertise in single-tenant office sector across market cycles
  • Predictable net lease cash flows with minimal operational burden and high tenant retention
  • Diversified tenant base of 62 corporate operators across multiple industries reducing concentration risk

Bear Case

1 risk

  • Average volatility.

Growth

No forward estimates available

Strategic asset disposition and portfolio optimization to maximize shareholder value

Value

Valuation data unavailable

Momentum

Stable

-2.7% over 3m

Quality

Loss-making

Mixed fundamentals

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 5, 2026

Q2 26 RECAP

MAY 7, 2026

Earnings recap unavailable for this period.

EPS surprise · last 4Q

0 of 1 beats

Q2 26

Next: Aug 5, 2026

Revenue trend · last 8Q

-40%

-34%

-25%

-5%

+15%

-68%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$39.0M

$31.5M

$27.7M

$29.2M

$29.2M

$29.8M

$31.8M

$9.4M

Margins · last 8Q

Gross

Operating

Profit

267.2%

Wall Street consensus

Analyst coverage

Live ratings and price targets aggregated across covering analysts.

No analyst coverage on file for this stock yet.

vs Industry

How NLOP stacks vs REIT - Office

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.