Added to YB: 2024-09-09
Pitch date: 2024-09-07
NLOP [bullish]
Net Lease Office Properties
+14.68%
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
$22.90
Price Target
45.00 (+71%)
Dividend
N/A
EV/EBITDA
4.59
P/E
-2.42
EV/Sales
3.89
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.
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