NET LEASE OFFICE PROPERTIES (NLOP)
Real Estate · Net Lease Office REIT · NYSE
A net lease office REIT that owns and leases office properties, though currently facing significant headwinds from declining occupancy and shifting work patterns.
What NET LEASE OFFICE PROPERTIES does
Net Lease Office Properties (NLOP) is a real estate investment trust (REIT) that owns and operates a portfolio of net lease office properties. The company generates revenue primarily through long-term lease agreements with commercial tenants. NLOP was recently spun off from WPC (Whitestone Property Corp) as a separate publicly traded entity. The company's business model centers on acquiring, managing, and disposing of office real estate while maintaining REIT qualification and making regular distributions to shareholders.
Themes: ["Office real estate","Net lease investing","Commercial property management","REIT dividend distributions"]
Fundamentals
- Price$11.05 as of 2026-07-09 close
- Market cap$163M as of 2026-07-10
- 1-year return-66.1% as of 2026-07-09 close
- Net margin-122.3% as of 2026-07-10
- Gross margin+72.1% as of 2026-07-10
- ROE-34.6% as of 2026-07-10
- Debt / equity0.13 as of 2026-07-10
- Revenue growth (YoY)-22.5% as of 2026-07-10
- Revenue CAGR (3y)-8.7% SEC XBRL
- Beta0.94 as of 2026-07-10
Dividend: yield +172.9%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Severe revenue decline: lease revenues fell 73% YoY in Q1 2026 (from $27.4M to $7.3M) due to property disposals and occupied office space challenges, with the company reporting -22.54% YoY revenue growth and significant portfolio depletion from $309.9M to $177.9M in net real estate investments."]
Competitors & peers
- STORE Capital (STOR)
- Realty Income (O)
- VEREIT (VER)
- Spirit Realty Capital (SRC)
- National Retail Properties (NRP)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.