* Note: Prices are in Million (M) USD.
Description:
Net Lease Office Properties (NLOP) is a specialized real estate investment trust (REIT) focused on acquiring and managing high-quality net leased office properties across the United States. The company boasts a diversified portfolio sustained by long-term leases with financially stable tenants, ensuring consistent cash flows and diminished investment risk. By targeting strategic metropolitan markets, NLOP is well-positioned for sustained growth and value appreciation. With its proactive acquisition strategy and strong capital management framework, NLOP presents a compelling investment opportunity for institutional investors seeking exposure to the commercial real estate sector.
These criteria used Company's Cash, EBITDA and Debt balance to determines its fair value:
Note: Financial institutions (banks/insurers/brokers/REITs) are evaluated using sector, P/E, growth, ROE and other factors. The 3.5× Net Debt/EBITDA rule is skipped to avoid misleading signals; however, Cash/Debt/EBITDA are still displayed and counted for scoring.
Cash : $71 M
Debt : $44 M
EBITDA : $-84 M
Since Ebitda is less than 0, 0 points assigned.
This criteria used industry in which company operates:
Sector: Real estate
Industry: Reit - office
Based on industry, 3 points assigned.
This criteria used Company's Price To Earning (P/E) Ratio to determines its fair value:
Message: Cannot calculate PE Ratio since EPS is either 0 or negative.
Using default values for calculation.
Forward PE Ratio (using default values): 20.00
Since Forward PE Ratio is between 20 - 25, 2 points assigned.
This criteria used Company's ability to convert Sales into free cash flow to determine fair value:
Using last 7 overlapping fiscal years (max 20).Average Free Cash Flow: $60 M
Average Revenue: $151 M
Revenue Converted To Free Cash Flow (%): 39.4%
Since Free Cash Flow (FCF) to Revenue percentage is greater than 25, 5 points assigned.
This criteria used company's growth potential to calculate its fair value:
Latest Revenue (2025-12-31): $119 M
Revenue 5 Years Ago (2020-12-31): $145 M
Total Growth over 5 Years: -17.9%
5-Year Revenue CAGR (Historical): -3.9%
Forward 5-Year CAGR (Tapered): -3.5%
Since historical Revenue CAGR is between 0 - 5, 1 point assigned.
This criteria used Company's ability to buy back its own share:
Latest Share Count (2025-12-31): $15 M
Share Count 5 Years Ago (2021-12-31): $14 M
Company is not buying back its own shares, 0 points assigned.
This criteria used Company's dividend payout ratio to determine its fair value:
Next Year Earnings Per Share (EPS): $0.00
Trailing 12-Month Earnings Per Share (EPS): $0.00
Average Earnings Per Share (EPS): $0.00
Dividend Per Share (DPS): $0
Payout Ratio: 0%
Dividend Yield: 0.00%
Since Dividend Per Share is less than or equal to 0, 0 point assigned.
Since Dividend Yield is less than 1, 0 point assigned.
This criteria used Company's Return On Equity (ROE%) to determine its fair value:
Using last 6 valid ROE years (max 20).Average ROE: -13.6%
Since Average ROE is non-positive, 0 point assigned.
This criteria used Company's current price to its 52 week low price to determines its fair value:
Current Price: $11.88
52-Week Low: $9.46
Threshold Price (15% Above 52-Week Low): $10.88
Since Current price is not within 15% threshold, 0 point assigned.
This criteria used Company's Market Cap to determines its fair value:
Market Capitalization: $177 M
Since Market Cap is less than 10B, 1 point assigned.
% Exposure to Total Portfolio
Based on the market cap, we recommend do not exceed 0.5% exposure of Total Portfolio.
Warren Buffett's Owners' Earnings:
Owners' Earnings (FCF/Share) (TTM ending 2026-03-31): $3.79
Owners' Earnings (FCF/Share, latest positive annual) (2025-12-31): $4.06
Note: Many fast-growing companies reinvest heavily, so Owners' Earnings may appear low.
Consider other factors in your valuation.
Value-Trade has assigned 12 points to above Net Lease Office Properties (NLOP) stock.
Heads up: One or more P/E inputs look exaggerated and may skew the blend.
• RCFC Based PE 39.43 (>2× median)
Further research is recommended; please use your own due diligence.
In such cases, multiplying earnings by the long-run average P/E typically gives a closer, more reliable fair value.
Fair Value PE 12, Industry Based PE 20, RCFC Based PE 39.43, Risk-Free Anchored PE (25% MoS) 16.3. Based on these 4 values, average assigned is 21.93. The fair value of Net Lease Office Properties (NLOP) stock cannot be calculated since EBITDA and EPS are either 0 or negative.
