Added to YB: 2024-09-09
Pitch date: 2024-09-07
NLOP [bullish]
Net Lease Office Properties
+25.51%
current return
Author Info
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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
$9.42
Price Target
45.00 (+281%)
Dividend
51.06%
EV/EBITDA
1.55
P/E
-1.35
EV/Sales
0.97
Sector
Office REITs
Category
value
Net Lease Office Properties Stock Analysis
NLOP: Liquidating office REIT at ~50% discount to $58.70 FV. Portfolio valued at $1,047M vs $904M book. $869M net worth ($58.70/share). Debt service manageable. Forced property sales to repay debt. Risks: slow sales, keeping bad properties. Upside: full liquidation or dividend initiation. Worth at least $45/share.
Read full article (6 min)