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NLOP

STRONG BUYREMOVE

Net Lease Office Properties · Real Estate · United States · $172M · Avg Vol: $2M/d

89
StockRank
Q
54
V
59
M
66
P/E (TTM)
ROE
-31.7%
D/E
0.1x
Dividend %
AI CONVICTION THESIS

Net Lease Office Properties is an office REIT spin-off. The office sector faces structural work-from-home headwinds, making this a turnaround/value play that violates our Terry Smith lens of avoiding broken business models.

COMPANY DESCRIPTION

Net Lease Office Properties is a real estate investment trust (REIT) focused on managing a portfolio of high-quality, single-tenant office properties leased to corporate tenants. The company operates under long-term, triple-net lease agreements, which transfer operating expenses to tenants and provide stable cash flows. Its competitive moat is supported by the creditworthiness of its tenant base and a strategic focus on asset monetization.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGR
Revenue156.2M175.0M142.2M118.9M-8.7%
EPS1.08-9.00-6.18-9.81
Shares14.3M14.6M14.8M14.8M+3.9%
Debt276.1M542.0M169.2M21.9M-57.0%
Equity1.1B677.0M581.2M293.9M-35.7%
Op CF84.3M71.0M71.9M64.1M-8.7%
Inv CF-22.9M27.7M297.7M208.2M
Fin CF-64.5M-36.8M-368.0M-218.9M
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PRICE (1Y)-3.4%
11.3611.5411.7311.9212.10May 8Jun 1Jun 22
SMA 50SMA 200
Close
$11.54
RSI (14)
26.3
52W High
$13.50
From 52W High
0.9%

SCORE BREAKDOWN

Quality
54
ROIC
-41.1%0.7
ROE
-31.7%2.1
GP/Assets
16.7%87.3
Op. Margin
25.5%49.1
FCF/Assets
9.3%91.2
Piotroski
658.5
Int. Cover
-10.4x1.7
D/E Ratio
0.13x94.0
Current Ratio
2.24x76.1
Value
59
P/E (TTM)
N/A
EV/EBITDA
2.3x97.8
P/FCF
4.1x87.2
P/B
1.0x43.9
P/S
2.0x67.6
Div Yield
N/A
Momentum
66
52W High %
85%56.1
RS 6M
-4%69.8
SMA 50/200
1.12x90.3
EPS Rev 4W
N/A
EPS Rev 12W
N/A
EPS Improve
N/A
Q Growth
4981%99.5

FUNDAMENTALS

Market Cap
$172M
P/E (Forward)
Gross Margin
87.7%

SECTOR PEERS

Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of NLOP are excluded.

TickerCompanyMkt CapStockRankSignal
NLOPNet Lease Office Properties(you)$172M89STRONG BUY
PSTLPostal Realty Trust, Inc.$824M83STRONG BUY
DEAEasterly Government Properties, Inc.$1.1B74BUY
FSPFranklin Street Properties Corp.$60M54HOLD
PDMPiedmont Realty Trust, Inc.$1.1B62HOLD
CDPCOPT Defense Properties$3.9B82STRONG BUY
HIWHighwoods Properties, Inc.$3.3B75BUY
BDNBrandywine Realty Trust$540M36HOLD
CUZCousins Properties Incorporated$4.7B63HOLD
VNOVornado Realty Trust$7.7B73BUY

Peer medians: ROE 5.7% · P/E 26.5x · Gross margin 67.5%

Net Lease Office Properties (NLOP) — Stock Score Summary

Net Lease Office Properties (NLOP) has a MoatMap StockRank of 89/100 based on Quality (54/100), Value (59/100), and Momentum (66/100) factor scores. The current signal is STRONG BUY. Net Lease Office Properties is an office REIT spin-off. The office sector faces structural work-from-home headwinds, making this a turnaround/value play that violates our Terry Smith lens of avoiding broken business models.

Net Lease Office Properties is a real estate investment trust (REIT) focused on managing a portfolio of high-quality, single-tenant office properties leased to corporate tenants. The company operates under long-term, triple-net lease agreements, which transfer operating expenses to tenants and provide stable cash flows. Its competitive moat is supported by the creditworthiness of its tenant base and a strategic focus on asset monetization.

Key Financial Metrics

Price$11.54
Market Cap$172M
Price/Book1.00
Return on Equity-31.7%
Return on Invested Capital-41.1%
Debt/Equity12.59
Gross Margin87.7%
Operating Margin25.5%
Revenue Growth-70.9%
Free Cash Flow$42M

Net Lease Office Properties operates in the REIT - Office industry, part of the Real Estate sector (United States).

Frequently Asked Questions

What is Net Lease Office Properties’s (NLOP) StockRank?
MoatMap’s StockRank for Net Lease Office Properties (NLOP) is 89/100, with a Strong Buy signal. It is a composite of Quality (54), Value (59), and Momentum (66) factor ranks across MoatMap’s 20,000+ stock universe.
Does Net Lease Office Properties have an economic moat?
Net Lease Office Properties (NLOP) has a Quality factor score of 54/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Net Lease Office Properties a buy, hold, or sell?
MoatMap’s current signal for Net Lease Office Properties (NLOP) is Strong Buy, based on a StockRank of 89/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Net Lease Office Properties in?
Net Lease Office Properties (NLOP) operates in the Real Estate sector, specifically the REIT - Office industry (United States).