Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-24
NLOP [bullish]
Net Lease Office Properties
+1.05%
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
$293.3M
Pitch Price
$12.98
Price Target
45.00 (+243%)
Dividend
N/A
EV/EBITDA
3.11
P/E
-1.62
EV/Sales
2.64
Sector
Office REITs
Category
special_situation
Alluvial Capital Management Portfolio Holding: Net Lease Office Properties
NLOP: Ongoing liquidation story. 39 properties, $61M debt, down from 47 & $215M 6 months ago. Debt likely extinguished soon, enabling shareholder distributions. Office market & interest rate headwinds persist. 8-12% cash flow yield sales support $45 PT, ~30% upside from current price.
Read full article (2 min)