Professional
Added to YB: 2024-07-12
Pitch date: 2024-07-10
NLOP [bullish]
Net Lease Office Properties
+35.65%
current return
Author Info
No bio for this author
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
$19.14
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
Kingdom Capital Advisors Portfolio Holding: Net Lease Office Properties
NLOP: Office REIT liquidating portfolio. Rapid sales progress, debt reduction. Expect dividends as catalyst for re-rating. $400M mkt cap, $150M net debt. 5 of 47 remaining properties could cover $550M EV. Risks: slow sales, disappointing prices. European assets underperformed but only 5/59 initial buildings. Margin of safety widening as sales finalize.
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