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Real Estate

Net Lease Office Properties

NLOP
Since

Headquarters:

NY, United States

Exchange:

NYSE

Industry:

REIT—Office

Number of Employees:

N/A

Current Fiscal Year:

2024

Market Cap:

446.95M

Price per Share:

$30.23

Quarterly Dividend per Share:

$0.34
Year-to-date Performance:
-0.7877%
Dividend Yield:
0.24%
Price-to-book Ratio:
0.72
Trailing P/E Ratio:
N/A

Price History

Latest Prices

DateOpenHighLowClose
2025-04-3029.8930.429.730.23
2025-04-293030.463030.09
2025-04-2830.4730.9829.8830.22
2025-04-2529.9130.589929.9130.43
2025-04-2429.6230.2329.6230.15

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC's extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.

Financial Performance

2024 Revenue:160.91M

Detailed view of quarterly revenue

2024 Net Income:-197.76M

Detailed view of quarterly net income

2024 Free Cash Flow:61.93M

Overview of free cash flow for the quarter

Annual Revenue Comparison

Compares total annual revenues

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