Added to YB: 2024-08-26
Pitch date: 2024-08-24
NLOP [neutral]
Net Lease Office Properties
+20.66%
current return
Author Info
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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
$9.80
Price Target
N/A
Dividend
51.06%
EV/EBITDA
1.55
P/E
-1.35
EV/Sales
0.97
Sector
Office REITs
Category
special_situation
Idea List - NLOP
NLOP more research needed: Office REIT liquidating, trading below NAV. 97% occupancy, single-tenant properties. Selling assets, paying debt. Recent sales at 5.7% median cap rate. Conservative 8% cap rate est. yields $68 NAV vs $30 price. Risks: credit conditions, sale delays. Upside potential from property sales.
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