Added to YB: 2024-08-26
Pitch date: 2024-08-24
NLOP [neutral]
Net Lease Office Properties
+10.24%
current return
Author Info
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Company Info
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 37 high-quality office properties, totaling approximately 5.
Market Cap
$438.5M
Pitch Price
$23.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.59
P/E
-2.42
EV/Sales
3.89
Sector
Office REITs
Category
special_situation
Idea List - NLOP
NLOP more research needed: Office REIT liquidating, trading below NAV. 97% occupancy, single-tenant properties. Selling assets, paying debt. Recent sales at 5.7% median cap rate. Conservative 8% cap rate est. yields $68 NAV vs $30 price. Risks: credit conditions, sale delays. Upside potential from property sales.
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