Professional
Added to YB: 2024-04-24
Pitch date: 2024-04-23
NLOP [bullish]
Net Lease Office Properties
+43.3%
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
$18.33
Price Target
35.00 (+33%)
Dividend
N/A
EV/EBITDA
4.59
P/E
-2.42
EV/Sales
3.89
Sector
Office REITs
Category
value
Alluvial Capital Fund Portfolio Holding: Net Lease Office Properties
NLOP: Volatile Q1 ($17-$27), ended at $23.80. Marketing 54 office properties for sale. Trades at $105/sq ft, estimate $130/sq ft value (~mid-$30s/share). Upside catalysts: rate cuts, successful releasing/redevelopment, healthier CRE market.
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