Net Lease Office Properties (NLOP) Stock

Net Lease Office Properties (NLOP) is a Real Estate stock trading at $11.63 (as of 2026-08-21), with a market capitalization of $172.21M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Net Lease Office Properties (NLOP) is a publicly traded REIT that owns a portfolio of office properties leased to corporate tenants under single-tenant net lease arrangements. Its properties generate rent from corporate tenants across multiple industries and are primarily located in the U.S., with some in Europe.

Understand Net Lease Office Properties: how it makes money

Net Lease Office Properties owns office buildings leased on a single-tenant net lease basis, earning rent from corporate tenants (annualized base rent).

Because it operates as a single-tenant net lease office REIT, its core profit engine is tenant rent performance, which is primarily driven by occupancy and contractual annualized base rent.

Business quality (Mixed): Key portfolio and operating metrics are provided, but the dataset shows total revenue as 0.0B while segment candidates are non-zero, so financial decomposition by segment is not clean in the inputs.

Bull case

  • Net-leased operating model tied to tenant rent: The portfolio is primarily leased to corporate tenants on a single-tenant net lease basis, so rent and lease terms are central to results.
  • Meaningful scale and tenant diversification: The company reports 59 office properties and 62 corporate tenants across a portfolio totaling approximately 8.7 million leasable square feet.
  • Some visibility via lease term: It reports a weighted-average lease term of 2.9 years.

Bear case

  • Occupancy is a watch item: Reported Occupancy is 73.1 percent, and lower occupancy can reduce lease revenue if space is not generating rent.
  • Rent support depends on annualized base rent level and lease terms: The company highlights annualized base rent, and its performance is tied to contractual rent economics across the portfolio.
  • Portfolio concentration risk remains: The portfolio is primarily located in the U.S., with the balance in Europe, so geography is not evenly diversified.
Valuation — source: SEC EDGAR (first-party)
Price$11.63
Market Cap$172.21M
Price / Book0.99
Price / Sales1.74
DCF Value (model)$20.10
DCF Upside vs Price72.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$118.92M
Net Margin-122.2%
Revenue Growth (YoY)-69.1%
EPS Growth (YoY)5533.3%
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($41.47M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryTrading
CEOJason E. Fox
Employees197
CountryUS
IPO Date2023-11-02

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NLOP earnings history · NLOP institutional & insider holders · NLOP KPIs & operating metrics · NLOP financials · NLOP investor presentations & press releases · NLOP SEC filings · NLOP peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.