Skip to content

US · NLOP

Net Lease Office Properties

Programmatic access: InvestorsCraft Valuation API · catalog

Sector
Real Estate · REIT - Office
Headquarters
New York City, NY 10001

Price · as of 2026-09-04

$11.00

Market cap 175.84M

Price history

Weekly OHLC price history for NLOP, USD per share
WeekOpenHighLowCloseVolume
Oct 23, 2023 – Oct 27, 2023$15.75$15.75$6.11$6.11
Oct 30, 2023 – Nov 3, 2023$5.99$5.99$2.99$4.070
Nov 6, 2023 – Nov 10, 2023$3.72$4.77$3.46$4.760
Nov 13, 2023 – Nov 17, 2023$4.82$5.25$4.80$4.990
Nov 20, 2023 – Nov 24, 2023$4.99$5.55$4.84$5.000
Nov 27, 2023 – Dec 1, 2023$4.84$6.06$4.84$5.910
Dec 4, 2023 – Dec 8, 2023$5.91$6.29$5.79$6.150
Dec 11, 2023 – Dec 15, 2023$6.15$6.52$5.55$5.710
Dec 18, 2023 – Dec 22, 2023$5.61$5.68$5.14$5.540
Dec 25, 2023 – Dec 29, 2023$5.43$6.20$5.43$5.930
Jan 1, 2024 – Jan 5, 2024$5.82$6.10$5.41$5.680
Jan 8, 2024 – Jan 12, 2024$5.69$7.42$5.41$7.290
Jan 15, 2024 – Jan 19, 2024$7.32$7.95$7.27$7.870
Jan 22, 2024 – Jan 26, 2024$7.85$8.29$7.55$8.120
Jan 29, 2024 – Feb 2, 2024$8.07$8.21$7.85$7.910
Feb 5, 2024 – Feb 9, 2024$7.81$8.12$7.48$7.990
Feb 12, 2024 – Feb 16, 2024$7.98$8.91$7.83$8.680
Feb 19, 2024 – Feb 23, 2024$8.67$8.79$8.30$8.460
Feb 26, 2024 – Mar 1, 2024$8.50$8.69$7.68$7.830
Mar 4, 2024 – Mar 8, 2024$7.75$7.82$7.46$7.470
Mar 11, 2024 – Mar 15, 2024$7.50$8.09$7.37$7.380
Mar 18, 2024 – Mar 22, 2024$7.41$7.63$7.19$7.590
Mar 25, 2024 – Mar 28, 2024$7.65$7.71$7.33$7.640
Apr 1, 2024 – Apr 5, 2024$7.64$7.84$7.17$7.460
Apr 8, 2024 – Apr 12, 2024$7.44$7.84$7.40$7.400
Apr 15, 2024 – Apr 19, 2024$7.41$7.60$7.11$7.370
Apr 22, 2024 – Apr 26, 2024$7.38$7.72$7.20$7.350
Apr 29, 2024 – May 3, 2024$7.36$7.98$7.30$7.960
May 6, 2024 – May 10, 2024$8.00$8.02$7.60$7.690
May 13, 2024 – May 17, 2024$7.69$8.13$7.57$7.990
May 20, 2024 – May 24, 2024$7.98$8.18$7.29$7.610
May 27, 2024 – May 31, 2024$7.60$7.90$7.26$7.620
Jun 3, 2024 – Jun 7, 2024$7.69$7.69$7.18$7.270
Jun 10, 2024 – Jun 14, 2024$7.22$8.11$7.22$7.970
Jun 17, 2024 – Jun 21, 2024$7.91$8.14$7.60$7.720
Jun 24, 2024 – Jun 28, 2024$7.74$7.97$7.65$7.900
Jul 1, 2024 – Jul 5, 2024$7.92$8.22$7.71$7.810
Jul 8, 2024 – Jul 12, 2024$7.81$8.27$7.50$8.200
Jul 15, 2024 – Jul 19, 2024$8.20$8.82$8.17$8.280
Jul 22, 2024 – Jul 26, 2024$8.27$9.48$8.26$9.220
Jul 29, 2024 – Aug 2, 2024$9.27$9.63$9.11$9.130
Aug 5, 2024 – Aug 9, 2024$8.77$9.99$8.61$9.710
Aug 12, 2024 – Aug 16, 2024$9.72$9.77$9.43$9.650
Aug 19, 2024 – Aug 23, 2024$9.67$9.92$9.47$9.700
Aug 26, 2024 – Aug 30, 2024$9.80$9.99$9.61$9.720
Sep 2, 2024 – Sep 6, 2024$9.65$9.85$9.25$9.480
Sep 9, 2024 – Sep 13, 2024$9.41$9.73$9.35$9.630
Sep 16, 2024 – Sep 20, 2024$9.62$10.35$9.50$9.720
Sep 23, 2024 – Sep 27, 2024$9.72$10.26$9.65$9.870
Sep 30, 2024 – Oct 4, 2024$9.80$9.97$9.48$9.650
Oct 7, 2024 – Oct 11, 2024$9.58$9.96$9.45$9.950
Oct 14, 2024 – Oct 18, 2024$9.96$10.19$9.79$9.940
Oct 21, 2024 – Oct 25, 2024$9.88$10.04$9.48$9.500
Oct 28, 2024 – Nov 1, 2024$9.56$9.84$9.49$9.670
Nov 4, 2024 – Nov 8, 2024$9.63$10.57$9.57$10.300
Nov 11, 2024 – Nov 15, 2024$10.37$10.39$9.80$9.930
Nov 18, 2024 – Nov 22, 2024$9.88$10.07$9.70$9.980
Nov 25, 2024 – Nov 29, 2024$9.98$10.54$9.88$10.500
Dec 2, 2024 – Dec 6, 2024$10.42$10.45$10.11$10.390
Dec 9, 2024 – Dec 13, 2024$10.38$10.61$10.19$10.310
Dec 16, 2024 – Dec 20, 2024$10.27$10.56$9.77$9.920
Dec 23, 2024 – Dec 27, 2024$9.89$10.10$9.76$9.890
Dec 30, 2024 – Jan 3, 2025$9.82$10.08$9.70$9.910
Jan 6, 2025 – Jan 10, 2025$9.89$9.95$9.16$9.400
Jan 13, 2025 – Jan 17, 2025$9.40$10.55$9.40$10.170
Jan 20, 2025 – Jan 24, 2025$10.28$10.39$9.85$10.010
Jan 27, 2025 – Jan 31, 2025$10.04$10.35$10.01$10.240
Feb 3, 2025 – Feb 7, 2025$10.15$10.59$10.05$10.230
Feb 10, 2025 – Feb 14, 2025$10.22$10.36$9.84$10.300
Feb 17, 2025 – Feb 21, 2025$10.32$11.03$10.07$10.200
Feb 24, 2025 – Feb 28, 2025$10.20$10.42$10.10$10.410
Mar 3, 2025 – Mar 7, 2025$10.37$10.54$9.95$10.120
Mar 10, 2025 – Mar 14, 2025$10.03$10.12$9.64$9.790
Mar 17, 2025 – Mar 21, 2025$9.83$10.06$9.70$9.830
Mar 24, 2025 – Mar 28, 2025$9.89$10.20$9.82$10.110
Mar 31, 2025 – Apr 4, 2025$10.07$10.19$9.01$9.120
Apr 7, 2025 – Apr 11, 2025$8.79$9.31$8.38$8.640
Apr 14, 2025 – Apr 17, 2025$8.72$9.22$8.66$9.150
Apr 21, 2025 – Apr 25, 2025$9.11$9.81$8.88$9.760
Apr 28, 2025 – May 2, 2025$9.78$9.94$9.53$9.820
May 5, 2025 – May 9, 2025$9.76$9.87$9.61$9.700
May 12, 2025 – May 16, 2025$9.94$9.94$9.57$9.700
May 19, 2025 – May 23, 2025$9.59$9.96$9.54$9.880
May 26, 2025 – May 30, 2025$9.96$10.12$9.92$10.010
Jun 2, 2025 – Jun 6, 2025$10.00$10.19$9.85$10.100
Jun 9, 2025 – Jun 13, 2025$10.11$10.47$10.10$10.220
Jun 16, 2025 – Jun 20, 2025$10.28$10.72$10.19$10.710
Jun 23, 2025 – Jun 27, 2025$10.70$10.80$10.43$10.630
Jun 30, 2025 – Jul 3, 2025$10.62$10.63$10.32$10.530
Jul 7, 2025 – Jul 11, 2025$10.48$10.78$10.32$10.740
Jul 14, 2025 – Jul 18, 2025$10.73$11.08$10.54$10.550
Jul 21, 2025 – Jul 25, 2025$10.52$10.79$10.52$10.720
Jul 28, 2025 – Aug 1, 2025$10.75$10.93$10.46$10.550
Aug 4, 2025 – Aug 8, 2025$10.63$11.01$10.49$10.680
Aug 11, 2025 – Aug 15, 2025$10.71$10.98$10.41$10.620
Aug 18, 2025 – Aug 22, 2025$10.61$10.86$10.35$10.610
Aug 25, 2025 – Aug 29, 2025$10.60$10.76$10.38$10.490
Sep 1, 2025 – Sep 5, 2025$10.39$10.57$10.26$10.400
Sep 8, 2025 – Sep 12, 2025$10.35$10.40$10.23$10.300
Sep 15, 2025 – Sep 19, 2025$10.26$10.41$10.09$10.290
Sep 22, 2025 – Sep 26, 2025$10.29$10.50$10.22$10.370
Sep 29, 2025 – Oct 3, 2025$10.37$10.61$10.27$10.550
Oct 6, 2025 – Oct 10, 2025$10.53$10.60$10.11$10.120
Oct 13, 2025 – Oct 17, 2025$10.19$10.51$10.12$10.260
Oct 20, 2025 – Oct 24, 2025$10.26$10.52$10.21$10.410
Oct 27, 2025 – Oct 31, 2025$10.42$10.45$10.14$10.390
Nov 3, 2025 – Nov 7, 2025$10.34$10.52$10.27$10.470
Nov 10, 2025 – Nov 14, 2025$10.47$10.71$10.35$10.480
Nov 17, 2025 – Nov 21, 2025$10.48$10.55$10.18$10.250
Nov 24, 2025 – Nov 28, 2025$10.29$10.62$10.22$10.440
Dec 1, 2025 – Dec 5, 2025$10.48$10.54$10.19$10.330
Dec 8, 2025 – Dec 12, 2025$10.34$10.86$10.22$10.790
Dec 15, 2025 – Dec 19, 2025$10.85$10.98$10.60$10.830
Dec 22, 2025 – Dec 26, 2025$10.94$11.17$10.36$10.630
Dec 29, 2025 – Jan 2, 2026$10.66$10.91$10.46$10.680
Jan 5, 2026 – Jan 9, 2026$10.65$10.76$10.18$10.250
Jan 12, 2026 – Jan 16, 2026$10.20$10.35$9.95$10.100
Jan 19, 2026 – Jan 23, 2026$10.05$10.41$9.58$9.660
Jan 26, 2026 – Jan 30, 2026$9.66$10.04$9.45$10.000
Feb 2, 2026 – Feb 6, 2026$9.96$10.05$9.67$10.010
Feb 9, 2026 – Feb 13, 2026$10.01$10.25$9.82$10.150
Feb 16, 2026 – Feb 20, 2026$10.25$10.68$9.87$10.560
Feb 23, 2026 – Feb 27, 2026$10.60$10.89$10.18$10.550
Mar 2, 2026 – Mar 6, 2026$10.46$11.37$10.41$11.120
Mar 9, 2026 – Mar 13, 2026$10.92$11.09$10.61$10.620
Mar 16, 2026 – Mar 20, 2026$10.68$11.29$10.64$10.730
Mar 23, 2026 – Mar 27, 2026$11.05$11.75$11.04$11.290
Mar 30, 2026 – Apr 2, 2026$11.48$11.90$11.24$11.780
Apr 6, 2026 – Apr 10, 2026$11.71$11.83$11.51$11.800
Apr 13, 2026 – Apr 17, 2026$11.79$12.87$11.74$12.840
Apr 20, 2026 – Apr 24, 2026$12.79$13.19$12.53$13.150
Apr 27, 2026 – May 1, 2026$13.06$13.36$12.75$13.110
May 4, 2026 – May 8, 2026$13.10$13.50$11.91$11.950
May 11, 2026 – May 15, 2026$11.98$12.07$11.30$11.470
May 18, 2026 – May 22, 2026$11.43$12.05$11.25$11.860
May 25, 2026 – May 29, 2026$11.84$12.26$11.81$12.010
Jun 1, 2026 – Jun 5, 2026$12.00$12.20$11.67$11.930
Jun 8, 2026 – Jun 12, 2026$12.06$12.19$11.52$11.760
Jun 15, 2026 – Jun 18, 2026$11.68$11.90$11.56$11.600
Jun 22, 2026 – Jun 26, 2026$11.50$11.70$11.08$11.360
Jun 29, 2026 – Jul 2, 2026$11.32$11.54$11.07$11.160
Jul 6, 2026 – Jul 10, 2026$11.18$11.36$10.95$11.200
Jul 13, 2026 – Jul 17, 2026$11.14$11.79$11.14$11.610
Jul 20, 2026 – Jul 24, 2026$11.65$11.92$11.21$11.340
Jul 27, 2026 – Jul 31, 2026$11.34$12.11$11.21$11.700
Aug 3, 2026 – Aug 7, 2026$11.68$12.12$11.50$11.570
Aug 10, 2026 – Aug 14, 2026$11.56$11.74$11.39$11.590
Aug 17, 2026 – Aug 21, 2026$11.58$11.69$11.30$11.610
Aug 24, 2026 – Aug 28, 2026$11.63$11.76$11.45$11.510
Aug 31, 2026 – Sep 4, 2026$11.47$11.69$10.97$11.000

Valuation

MetricValueUpside
IC Value$9.29-16%
P/E-1.08
P/B0.54
P/S1.32
EV/EBITDA-0.64
PEG-1.84
P/TBV0.63

Valuation history

Annual price overlaid with each model's fair value. Y-axis is log scale.

Annual price and model valuations for NLOP, USD per share
YearPriceAIICGraham-DoddGraham Formula
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023$7.47$55.43
2024$10.12$28.10
2025$10.62$19.81

Historic valuation ratios

Pick a category, then toggle metrics to compare.

USD millions

Line items

    USD millions

    Line items

      USD millions

      Line items

        About Net Lease Office Properties

        Net Lease Office Properties (NLOP) is a publicly traded real estate investment trust that holds a portfolio of 59 premium office assets. These properties encompass approximately 8.7 million square feet of leasable space, primarily leased to corporate occupants under single-tenant net lease agreements. While the majority of these office buildings are situated in the United States, a portion is located in Europe. The portfolio boasts 62 corporate tenants from a variety of industries, collectively contributing around $145 million in annualized base rent. NLOP's strategic objective is to enhance shareholder value through proactive asset management and the eventual divestment of its real estate holdings. Given its profound familiarity with the portfolio, NLOP leverages external management and advisory services from wholly-owned subsidiaries of WPC, ensuring effective execution of its business strategy. WPC brings over five decades of expertise in the single-tenant office real estate sector, demonstrating a strong track record in operating, leasing, acquiring, and developing assets across diverse market conditions.

        CEO
        Jason E. Fox
        Employees
        197
        Beta
        0.95

        Peer comparison

        Same-industry comparables, ranked by market cap.

        Scroll horizontally for additional metrics. Ticker column stays fixed.

        Peer comparison for NLOP: basic info, valuation models, ratios, profitability, leverage, growth, cash flow, dividends, enterprise value, and Altman Z-score.
        Basic InfoIC ValuationCore ValuationProfitabilityLeverage & LiquidityGrowthCash FlowDividendsEnterprise ValueRisk
        TickerCompany NamePriceMarket CapValueUpsideP/EP/BP/SEV/EBITDAPEGP/TBVGross MarginOperating MarginNet MarginROEROICROADebt/EquityInterest CoverageCurrent RatioQuick RatioNet Debt/EBITDAEPS GrowthSales GrowthFCF GrowthFCF YieldOp Cash Flow RatioCash ROICDividend YieldDividend PayoutShareholder YieldEV/EBITEV/FCFEV/SalesAltman Z-Score
        NLOPNet Lease Office Properti…$11.57175.84M$19.81+71%-1.080.541.32-0.64-1.840.6370.05%29.70%-122.16%-33.17%7.66%-23.07%0.082.775.605.461.0458.74%-16.40%-16.39%38.20%2.9313.03%67.82%-73.50%221.51%1.701.000.501.39
        CMTGClaros Mortgage Trust, In…$1.70239.84M$15.07+786%-0.660.210.75-6.75-0.560.21-86.93%-113.61%-113.61%-27.63%-8.65%-8.37%2.05-1.451.801.79-6.09117.50%152.23%-139.90%-10.26%-0.01-0.59%0.00%0.00%562.86%-6.74-99.307.65-0.12
        FPIFarmland Partners Inc.$9.88431.07M$31.26+216%15.961.109.6514.261.1064.35%44.18%60.46%6.70%3.78%3.97%0.352.39537.08549.323.31-41.51%-10.39%7.95%3.46%101.912.86%12.66%202.10%20.24%28.4237.6012.561.88
        IVRInvesco Mortgage Capital …$7.43689.68M$67.81+813%4.900.621.4618.874.750.6235.28%29.81%29.82%13.25%1.70%1.67%7.050.460.040.0117.32103.08%3.17%-14.24%31.65%0.032.64%21.54%105.50%23.25%59.8338.5717.84-1.62
        NREFNexPoint Real Estate Fina…$16.92318.91M$88.81+425%2.150.301.7927.581.200.3088.88%129.73%83.33%17.07%3.12%1.96%5.953.830.310.3026.24179.41%14.33%-21.75%10.15%0.080.44%27.34%58.70%200.87%28.46203.2036.920.11
        OLPOne Liberty Properties, I…$23.82519.74M$25.46+7%16.861.534.7012.461.6723.61%34.78%26.20%8.93%4.51%3.34%1.771.421.151.156.60-17.86%7.36%6.17%8.21%1.375.00%8.53%143.90%8.53%28.7825.9310.010.64
        PSTLPostal Realty Trust, Inc.$23.33876.85M$20.88-10%25.621.634.8415.1220.701.7488.18%35.83%14.77%6.75%5.55%2.57%1.422.2510.7210.727.03123.81%25.47%22.26%8.10%69.876.09%6.63%169.90%6.71%25.2523.089.050.85
        SITCSITE Centers Corp.$3.28172.12M$16.93+416%1.280.681.850.770.70-5.68%-1.26%144.40%41.78%-0.30%26.30%0.22-0.1036.3835.38-0.19-65.30%-55.61%-65.01%8.61%5.223.72%156.10%200.00%284.05%-117.679.341.492.29
        SVCService Properties Trust$7.88261.85M$77.04+878%-1.690.530.1911.570.6231.23%11.63%-11.15%-27.01%3.29%-2.97%8.480.5721.1121.1210.85-26.95%-4.33%-15.48%34.56%7.171.93%1.96%-3.30%128.86%25.9446.483.02-0.36

        Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($9.29 ÷ $11.00) − 1 = -15.55% (IC, example).