Professional
Added to YB: 2024-01-26
Pitch date: 2024-01-26
NLOP [bullish]
Net Lease Office Properties
+46.48%
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
$8.07
Price Target
38.00 (+221%)
Dividend
51.06%
EV/EBITDA
1.55
P/E
-1.35
EV/Sales
0.97
Sector
Office REITs
Category
value
Alluvial Capital new largest holding: Net Lease Office Properties ($NLOP)
NLOP: Tiny office REIT spin-off trading at $103/sqft, a steep discount to estimated $130/sqft NAV. Designed to liquidate from the start. Significant debt to be paid down via asset sales & cash flow. Upside potential to $38/share. Worth the volatility.
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