OakChart

Net Lease Office Properties

NLOPReal Estate·REIT - Office·USA·Micro·NYSE·Nov 11 • 1:36 PM ET

9.41-0.16 (-1.69%)
2026-11-11 19:36 CET
Market cap
141.77 USD m
Revenue, TTM
52.80 USD m
Net income, TTM
18.10 USD m
Free cash flow, TTM
30.75 USD m
EPS diluted, TTM
1.22
P/E
7.70
Compare

Price

NLOP against its 20, 50 and 200-day averages
2050200
9.0010.0011.0012.0013.00201K402KMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26NLOPclose 9.4120-day 9.3850-day 9.92200-day 11.089.4152w low

30.3% under the 52-week high of 13.50 on 5 May 2026. 52-week low 8.80 on 3 Nov 2026. Last 15 sessions, 12.2% high to low

Profile

NLOP
52-week range, 13% of the way up
8.8013.50

Net Lease Office Properties engages in office properties leasing. It offers single-tenant office facilities. The company was founded on October 21, 2022 and is headquartered in New York, NY.

IndexRUT
IPOOct 27, 2023
Beta0.30
ATR, 14d0.24
Rel volume1.39
Short float5.75%
Insider own0.75%
Inst own56.72%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap139.38M
Enterprise Value111.08M
Income18.10M
Sales52.80M
Book/sh11.02
Cash/sh2.17
Dividend Est.-
Dividend TTM-
Dividend Ex-DateNov 16, 2026
Dividend Gr. 3/5Y- -
Payout-
Employees-
IPOOct 27, 2023

Ratios

P/E7.70
Forward P/E-
PEG-
P/S2.64
P/B0.85
P/C4.34
P/FCF4.53
EV/EBITDA3.27
EV/Sales2.10
Quick Ratio1.25
Current Ratio1.25
Debt/Eq0.00
LT Debt/Eq0.00
Option/ShortYes / Yes

Earnings

EPS (ttm)1.22
EPS next Y-
EPS next Q-
EPS this Y-
EPS next Y-
EPS next 5Y-
EPS past 3/5Y-4.32% -
Sales past 3/5Y-17.19% -
EPS Y/Y TTM110.00%
Sales Y/Y TTM-54.93%
EPS Q/Q98.99%
Sales Q/Q-79.88%
Earnings-
EPS/Sales Surpr.- -

Ownership

Insider Own0.75%
Insider Trans0.00%
Inst Own56.72%
Inst Trans2.64%
ROA5.15%
ROE6.10%
ROIC11.09%
Gross Margin47.69%
Oper. Margin35.22%
Profit Margin34.28%
SMA200.35%
SMA50-5.19%
SMA200-15.12%
Trades-

Technical

Shs Outstand14.81M
Shs Float14.70M
Short Float5.75%
Short Ratio5.86
Short Interest0.85M
52W High13.50 -30.31%
52W Low8.80 6.91%
Volatility3.41% 2.33%
ATR (14)0.24
RSI (14)46.64
Beta0.30
Rel Volume1.39
Avg Volume144.26K
Volume130,078

Performance

Perf Week5.12%
Perf Month-2.20%
Perf Quarter-19.31%
Perf Half Y-20.74%
Perf YTD-11.30%
Perf Year-11.27%
Perf 3Y93.98%
Perf 5Y-
Perf 10Y-
Recom2.00
Target Price46.00
Prev Close9.57
Price9.41
Change %-1.69%

Analyst ratings

latest 1 of 1
DateActionAnalystRating changeTargetImplied
Feb 09, 2024InitiatedBBWS FinancialBuy$60+537.7%

Peers

Mkt cap
TickerCompanyMkt cap
ONLOrion Properties Inc153.37M
OPIOffice Properties Income Trust365.76M
FSPFranklin Street Properties Corp43.39M
BDNBrandywine Realty Trust522.98M
DEAEasterly Government Properties Inc1.05B
PDMPiedmont Realty Trust Inc1.22B
HPPHudson Pacific Properties Inc484.59M
PSTLPostal Realty Trust Inc881.28M
GOODGladstone Commercial Corp491.95M
CMCTCreative Media & Community Trust12.38M

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
IWMiShares Russell 2000 Index FundAUM: 77.38B
VXFVanguard Extended Market Index ETFAUM: 30.47B
IWNiShares Russell 2000 Value ETFAUM: 14.10B
VTWOVanguard Russell 2000 Index ETFAUM: 16.75B
DFARDFA Real Estate Securities Portfolio ETF Class Shares-
BLDGCambria Global Real Estate ETFAUM: 53.62M
USRTiShares Core U.S. REIT ETFAUM: 4.30B
IWCiShares Micro-Cap ETFAUM: 1.22B
DFGRDimensional Global Real Estate ETF-

News

latest 14 of 62
  • Net Lease Office Properties Declares Special Cash Distribution of $1.50 Per Share (PR Newswire)
  • FoxRock Buys Quincy Office At 78% Discount After Luring Tenant Away (Bisnow)
  • Net Lease Office Properties Announces Postponement of Annual Meeting of Shareholders (PR Newswire)
  • Net Lease Office Properties Declares Special Cash Distribution of $3.30 Per Share (PR Newswire)
  • Net Lease Office Properties Announces Tax Treatment of 2025 Distributions (PR Newswire)
  • Net Lease Office Properties Declares Special Cash Distribution of $6.75 Per Share (PR Newswire)
  • Net Lease Office Properties Declares Special Cash Distribution of $5.10 Per Share (PR Newswire)
  • Net Lease Office Properties Declares Special Cash Distribution of $4.10 Per Share (PR Newswire)
  • Net Lease Office Properties (NLOP) Stayed Flat Amid Improved Sentiments (Insider Monkey)
  • Kingdom Capital Advisors' Views on Net Lease Office Properties (NLOP) (Insider Monkey)
  • Net Lease Office Properties (NLOP) is Set to Return Capital (Insider Monkey)
  • Net Lease Office Properties Declares Special Cash Distribution of $3.10 Per Share (PR Newswire)
  • Alluvial Capital Management Q1 2025 Letter To Partners (Seeking Alpha)
  • Net Lease Office Properties Announces Repayment of J.P. Morgan Mezzanine Loan (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
No quarterly earnings.

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2023FY---9.011141.4141.4

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
No estimate revisions.

Estimate history

EPS, annual-9.011-6.185-9.8061.2219
Period202320242025TTM
EPS, quarterly-2.725-2.4180.033-5.504-4.331-0.0041.687-0.418-0.044
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual174.965143.822119.99552.8
Period202320242025TTM
Sales, quarterly31.49228.20629.46329.4929.98631.0569.3576.3576.033
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual14.62114.81414.81414.814
Period202320242025MRQ
Shares, quarterly14.78514.81414.81414.81414.81414.81414.81414.81414.814
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY
Total Revenue52.80120.00143.82174.97
Total Expenses34.2184.71111.31135.04
Operating Income18.6035.2932.5139.92
Unusual Expense20.75140.9178.55125.60
Net Income Before Taxes18.32-145.00-93.77-131.30
Income Taxes0.050.16-2.380.42
Consolidated Net Income18.27-145.16-91.39-131.72
Net Income From Continuing Operations18.10-145.26-91.47-131.75
Net Income18.10-145.26-91.47-131.75
EPS (Recurring)2.20-3.15-2.47-3.00
EPS (Basic, Before Extraordinaries)1.22-9.81-6.18-9.01
EPS (Diluted)1.22-9.81-6.18-9.01
Non-Operating Income (Expense)22.61-26.6519.74-3.15
Other After Tax Adjustments0.000.000.000.00
Stock Option Compensation Expense-0.000.202.29
Price To Earnings Ratio7.837.83--
Price To Sales Ratio2.773.183.211.54
Gross Margin47.6939.6228.3431.04
Operating Margin35.2229.4122.6022.82
Net Margin34.28-121.06-63.60-75.30
Shares Outstanding14.8114.8114.8114.62
Market Capitalization141.77141.77189.78108.39

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue6.036.369.3631.0629.9929.4929.4628.21
Total Expenses4.885.726.3217.2918.8222.1421.6524.66
Operating Income1.160.643.0313.7711.167.357.823.55
Unusual Expense6.477.090.007.1850.8981.820.9231.79
Net Income Before Taxes-0.54-6.1325.06-0.07-64.11-81.420.59-39.00
Income Taxes0.070.020.02-0.050.030.100.08-3.24
Consolidated Net Income-0.61-6.1525.04-0.02-64.14-81.520.51-35.76
Net Income From Continuing Operations-0.65-6.1925.00-0.05-64.16-81.540.49-35.78
Net Income-0.65-6.1925.00-0.05-64.16-81.540.49-35.78
EPS (Recurring)0.26-0.081.690.34-1.93-1.640.08-0.91
EPS (Basic, Before Extraordinaries)-0.04-0.421.69-0.00-4.33-5.500.03-2.42
EPS (Diluted)-0.04-0.421.69-0.00-4.33-5.500.03-2.42
Non-Operating Income (Expense)5.200.7222.41-5.72-22.72-2.55-0.56-3.15
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense----0.000.000.000.02
Price To Earnings Ratio7.83-------
Price To Sales Ratio2.772.151.713.183.754.063.633.22
Gross Margin36.7339.7753.0749.8142.7632.2032.7019.31
Operating Margin19.1810.0032.4144.3437.2324.9326.5312.58
Net Margin-10.76-97.44267.16-0.17-213.97-276.501.67-126.87
Shares Outstanding14.8114.8114.8114.8114.8114.8114.8114.81
Market Capitalization141.77164.88170.66201.33199.38198.32191.19189.78

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY
Cash & Short Term Investments122.6368.4367.83
Short Term Receivables0.000.000.00
Investment Securities0.000.000.00
Securities In Custody0.000.000.00
Investments213.67676.181,167.99
Investment in Unconsolidated Affiliates0.000.000.00
Net Property, Plant & Equipment0.001.984.26
Deferred Tax Assets--0.10
Other Intangible Assets117.0758.4964.90
Total Assets453.37805.071,305.09
Total Debt22.08169.47546.66
Long Term Debt0.1864.52546.66
Provision for Risks Charges0.000.000.00
Deferred Tax Liabilities0.100.1010.45
Other Liabilities133.3750.0966.55
Total Liabilities155.55219.67623.66
Preferred Stock - Carrying Value0.000.000.00
Common Equity293.91581.23677.01
Total Shareholders Equity293.91581.23677.01
Accumulated Minority Interest3.914.174.42
Total Equity297.82585.40681.43
Total Liabilities & Stockholders Equity453.37805.071,305.09
Book Value Per Share19.8439.2346.30
Tangible Book Value Per Share19.8439.2346.30
Full-Time Employees--197
Price to Book Ratio0.870.310.00
Return on Assets-23.09-8.67-
Return on Equity-33.20-14.54-
Return on Invested Capital-49.39-14.17-10.77
Quick Ratio1.250.6563.99
Current Ratio1.250.6563.99

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY
Funds from Operations42.3272.1158.7079.90
Extraordinary Item0.000.000.000.00
Changes in Working Capital-9.69-7.9913.16-8.93
Cash from Operating Activities32.6364.1171.8670.97
Capital Expenditures-1.88-4.03-12.00-11.16
Net Assets From Acquisitions0.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.00
Purchase or Sale of Investments273.70192.28309.7541.63
Purchase of Investments0.000.000.000.00
Sale Or Maturity of Investments273.70192.28309.7541.63
Other Uses0.00-0.010.000.00
Other Sources20.0020.000.000.00
Cash from Investing Activities291.82208.24297.7530.47
Cash Dividends Paid-285.17-106.66-1.070.00
Change in Capital Stock0.000.000.000.00
Repurchase of Common Pref Stock0.000.000.000.00
Sale of Common Pref Stock0.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.00
Issuance or Reduction of Debt, Net-47.58-111.48-366.60356.69
Change in Long Term Debt-47.58-111.48-366.60356.69
Issuance of Long Term Debt---420.39
Reduction of Long Term Debt-47.58-111.48-366.60-63.70
Net Financing Active Other Cash Flow0.080.02-0.32-396.24
Other Financing Activities Uses-0.30-0.36-0.33-396.24
Cash from Financing Activities-333.44-218.88-367.98-39.55
Exchange Rate Effect-0.010.74-1.03-0.05
Net Change in Cash-9.0054.210.6061.83
Free Cash Flow30.7560.0859.8659.80
Preferred Dividends (Cash Flow)-0.000.000.00
Price to Free Cash Flow--7.854.52

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments32.1327.3270.61122.6341.1356.19
Short Term Receivables0.000.000.000.000.000.00
Investments133.78167.41177.94213.67423.02520.63
Investment in Unconsolidated Affiliates0.000.000.000.000.000.00
Net Property, Plant & Equipment0.000.000.000.000.000.00
Other Intangible Assets14.766.179.43117.0758.4091.83
Total Assets180.67200.90257.98453.37522.55668.65
Total Debt0.0021.9021.9022.0847.12117.17
Long Term Debt0.000.000.000.1821.9036.65
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities---0.10--
Other Liabilities13.6611.2862.10133.3741.2147.43
Total Liabilities13.6633.1784.00155.5588.33164.60
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity163.18163.83170.03293.91430.25500.01
Total Shareholders Equity163.18163.83170.03293.91430.25500.01
Accumulated Minority Interest3.833.903.963.913.974.04
Total Equity167.01167.73173.98297.82434.22504.05
Total Liabilities & Stockholders Equity180.67200.90257.98453.37522.55668.65
Book Value Per Share11.0211.0611.4819.8429.0433.75
Tangible Book Value Per Share11.0211.0611.4819.8429.0433.75
Price to Book Ratio0.870.970.580.470.400.34
Return on Assets5.15-10.44-23.18-23.09-25.10-18.34
Return on Equity6.10-13.68-32.11-33.20-34.41-27.08
Return on Invested Capital-0.40-3.7814.70-0.02-14.19-15.19
Quick Ratio-1.251.001.251.630.70
Current Ratio-1.251.001.251.630.70

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Funds from Operations3.063.3314.2821.6420.5415.83
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-2.31-1.53-6.160.32-4.21-4.13
Cash from Operating Activities0.751.808.1321.9516.3311.71
Capital Expenditures0.05-0.02-0.66-1.25-0.10-0.89
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments26.410.51119.48127.2939.5616.20
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments26.410.51119.48127.2939.5616.20
Other Uses0.000.000.000.000.03-0.04
Other Sources0.000.000.0020.000.00-1.23
Cash from Investing Activities26.460.49118.83146.0439.4914.05
Cash Dividends Paid0.00-48.89-175.55-60.74-45.920.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.000.000.000.000.000.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-22.290.000.00-25.29-24.89-35.63
Change in Long Term Debt-22.290.000.00-25.29-24.89-35.63
Reduction of Long Term Debt-22.290.000.00-25.29-24.89-35.63
Net Financing Active Other Cash Flow-0.11-0.11-0.000.30-0.09-0.09
Other Financing Activities Uses-0.11-0.11-0.00-0.08-0.09-0.09
Cash from Financing Activities-22.40-48.99-175.55-86.49-70.90-35.73
Exchange Rate Effect0.01-0.01-0.01-0.010.020.41
Net Change in Cash4.82-46.71-48.6181.50-15.06-9.56
Free Cash Flow0.801.787.4720.7016.2310.82
Price to Free Cash Flow-----11.50

Revenue breakdown

Real Estate Investment Trusts2024: 142.25M 2025: 118.92M
Non-US2024: 8.58M 2025: 3.11M
United States2024: 133.66M 2025: 115.81M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-305.75%0.8M14.7M136.59K
2026-10-156.00%0.9M14.7M136.54K
2026-09-305.71%0.8M14.7M137.30K
2026-09-156.21%0.9M14.7M142.79K
2026-08-315.69%0.8M14.7M137.04K
2026-08-145.63%0.8M14.7M143.93K
2026-07-315.69%0.8M14.7M152.68K
2026-07-157.72%1.1M14.7M154.98K
2026-06-306.20%0.9M14.7M163.58K
2026-06-155.22%0.8M14.7M180.50K
2026-05-294.86%0.7M14.7M206.38K
2026-05-154.47%0.7M14.7M282.85K
2026-04-304.27%0.6M14.7M320.98K
2026-04-154.00%0.6M14.7M455.49K
2026-03-314.36%0.6M14.7M480.71K
2026-03-133.32%0.5M14.7M391.93K
2026-02-273.14%0.5M14.7M491.10K
2026-02-133.17%0.5M14.7M450.66K
2026-01-303.94%0.6M14.7M280.23K
2026-01-152.81%0.4M14.7M211.43K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.505.808.000.0013.9100.000.000.985-0.0150.001
call5.003.305.700.007.0080.000.000.969-0.0140.001
call7.501.552.450.002.2960.000.000.932-0.0120.002
call10.000.000.300.053.08729.000.000.548-0.0850.006
call12.500.000.050.754.1681.000.000.481-0.1330.006
call15.000.001.700.051.6891.000.000.052-0.0150.002
call17.500.000.750.002.1100.000.000.044-0.0160.001
call20.000.001.700.002.4570.000.000.039-0.0170.001
put2.500.000.050.0012.4160.000.00-0.047-0.0970.002
put5.000.000.050.006.5560.000.00-0.127-0.1090.003
put7.500.000.050.053.6981.000.00-0.240-0.0920.005
put10.000.101.250.651.55087.000.00-0.614-0.0310.006
put12.502.004.400.003.8550.000.00-0.929-0.0120.002
put15.004.406.900.004.6400.000.00-0.948-0.0130.002
put17.507.009.400.005.2470.000.00-0.956-0.0140.001
put20.009.5011.900.005.7490.000.00-0.961-0.0150.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-048-KCurrent report2026-11-04SEC
2026-11-0410-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-30SCHEDULE 13G/ASEC
2026-08-058-KCurrent report2026-08-05SEC
2026-08-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-31SCHEDULE 13G/ASEC
2026-06-258-KCurrent report2026-06-25SEC
2026-06-15DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-06-12DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-06-128-KCurrent report2026-06-12SEC
2026-06-09DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-05-27DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-05-078-KCurrent report2026-05-07SEC
2026-05-0710-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-04-30SCHEDULE 13GSEC
2026-04-16DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-04-16DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-06-12SEC
2026-04-02PRE 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-06-12SEC
2026-03-27SCHEDULE 13G/ASEC
2026-02-258-KCurrent report2026-02-25SEC
2026-02-2510-KAnnual report pursuant to Section 13 or 15(d)2025-12-31SEC
2026-01-208-KCurrent report2026-01-15SEC
2026-01-09SCHEDULE 13DSEC
2025-11-078-KCurrent report2025-11-07SEC
2025-11-0710-QQuarterly report pursuant to Section 13 or 15(d)2025-09-30SEC
2025-09-254Statement of changes in beneficial ownership of securities2025-09-24SEC
2025-08-068-KCurrent report2025-08-06SEC
2025-08-0610-QQuarterly report pursuant to Section 13 or 15(d)2025-06-30SEC
2025-06-178-KCurrent report2025-06-16SEC
2025-05-14SCHEDULE 13G/ASEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.11.13%
THOMPSON SIEGEL & WALMSLEY LLC4.73%
VANGUARD CAPITAL MANAGEMENT LLC4.42%
STATE STREET CORP3.04%
MARSHALL WACE, LLP2.59%
GEODE CAPITAL MANAGEMENT, LLC2.46%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP2.23%
TWO SIGMA INVESTMENTS, LP1.59%
DIMENSIONAL FUND ADVISORS LP1.31%
K2 PRINCIPAL FUND, L.P.1.26%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.14%
iShares Russell 2000 ETF2.57%
VANGUARD EXTENDED MARKET INDEX FUND1.18%
Fidelity Small Cap Index Fund1.11%
iShares Russell 2000 Value ETF1.03%
VANGUARD RUSSELL 2000 INDEX FUND0.58%
Fidelity Extended Market Index Fund0.51%
DFA REAL ESTATE SECURITIES PORTFOLIO0.46%
iShares Core U.S. REIT ETF0.39%
Cambria Global Real Estate ETF0.37%

OakChart. NLOP. Cached 15 minutes.

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