Professional
Added to YB: 2025-07-15
Pitch date: 2025-07-10
NLOP [neutral]
Net Lease Office Properties
+1.53%
current return
Author Info
Halvio Capital is an investment firm that seeks to compound capital at high rates of return while taking limited risk of capital impairment through separately managed accounts. The firm’s goal is to outperform the broader indices over a long time frame. Sign up for the newsletter.
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
$25.86
Price Target
50.00 (+90%)
Dividend
N/A
EV/EBITDA
4.59
P/E
-2.42
EV/Sales
3.89
Sector
Office REITs
Category
value
Halvio Capital Portfolio Holding: Net Lease Office Properties
NLOP (holding update): Office REIT spun off from W.P. Carey in 2023 for orderly liquidation. Has sold assets at good valuations, paid off all debt including $115M non-recourse mortgage. 31 properties remain with $73M ABR, ~$50M NOI. Est. value ~$50/share (56% upside) as property sales continue over next 2 years.
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