Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-24
NLOP [bullish]
Net Lease Office Properties
+17.65%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
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
$10.05
Price Target
45.00 (+281%)
Dividend
51.06%
EV/EBITDA
1.55
P/E
-1.35
EV/Sales
0.97
Sector
Office REITs
Category
special_situation
Alluvial Capital Management Portfolio Holding: Net Lease Office Properties
NLOP: Ongoing liquidation story. 39 properties, $61M debt, down from 47 & $215M 6 months ago. Debt likely extinguished soon, enabling shareholder distributions. Office market & interest rate headwinds persist. 8-12% cash flow yield sales support $45 PT, ~30% upside from current price.
Read full article (2 min)