Professional
Added to YB: 2024-01-26
Pitch date: 2024-01-26
NLOP [bullish]
Net Lease Office Properties
+33.84%
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 (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
$19.62
Price Target
38.00 (+45%)
Dividend
N/A
EV/EBITDA
4.59
P/E
-2.42
EV/Sales
3.89
Sector
Office REITs
Category
value
Alluvial Capital new largest holding: Net Lease Office Properties ($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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