Added to YB: 2025-05-23
Pitch date: 2025-05-22
NLOP [bullish]
Net Lease Office Properties
+9.96%
current return
Author Info
No bio for this author
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
$23.88
Price Target
38.20 (+45%)
Dividend
N/A
EV/EBITDA
4.59
P/E
-2.42
EV/Sales
3.89
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.
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