Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-24
NLOP [bullish]
Net Lease Office Properties
+15.16%
current return
Author Info
No bio for this author
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
$169.8M
Pitch Price
$10.05
Price Target
45.00 (+293%)
Dividend
N/A
EV/EBITDA
3.93
P/E
-3.74
EV/Sales
2.63
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.
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