Professional
Added to YB: 2024-01-09
Pitch date: 2024-01-09
NLOP [bullish]
Net Lease Office Properties
+94.49%
current return
Author Info
No bio for this author
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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
$13.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.59
P/E
-2.42
EV/Sales
3.89
Sector
Office REITs
Category
special_situation
Show full summary:
Kingdom Capital new position: $NLOP
$NLOP: Carey's office REIT spin trading below fire-sale NAV despite 97% occ, mostly IG tenants (FedEx 2nd biggest), and favorable lease/vacancy resolutions. Mispriced given small/taxable deal structure. Upside as properties liquidated.
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