Added to YB: 2025-05-23
Pitch date: 2025-05-22
NLOP [bullish]
Net Lease Office Properties
+20.34%
current return
Author Info
No bio for this author
Company Info
Net Lease Office Properties is a publicly traded real estate investment trust that owns a portfolio of high-quality, single-tenant properties located in the U.
Market Cap
$195.8M
Pitch Price
$9.82
Price Target
38.20 (+223%)
Dividend
51.06%
EV/EBITDA
1.55
P/E
-1.35
EV/Sales
0.97
Sector
Office REITs
Category
special_situation
Net Lease Office Properties (NYSE: NLOP)
NLOP: Late-stage office liquidation trading at ~20% discount to NAV (~$38.20/sh), 10% AFFO yield, 19-24% IRR over 18-24 months. Debt repaid, leases extended (Google LA, JPM Tampa). Sales slow but pricing robust. Risk: KBR Tower (1970s Houston CBD) has 5yr lease but may need significant CAPEX in weak market.
Read full article (7 min)