* Note: Prices are in Million (M) USD.
Description:
Net Lease Office Properties (NLOP) is a leading real estate investment trust (REIT) that focuses on the acquisition and management of high-quality, net leased office properties across the United States. Committed to delivering strong risk-adjusted returns, NLOP maintains a diversified portfolio characterized by long-term leases with financially stable tenants, ensuring reliable cash flows and minimizing risk exposure. The company's strategic emphasis on key metropolitan markets allows it to capitalize on demand trends within the office sector, while its disciplined capital management and robust acquisition strategy position it for sustained growth and attractive yields. With a focus on enhancing shareholder value, NLOP represents a compelling investment opportunity for institutional investors seeking exposure to the commercial real estate market.
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 : $120 M
Debt : $44 M
EBITDA : $-11 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: $152 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): $120 M
Revenue 5 Years Ago (2020-12-31): $145 M
Total Growth over 5 Years: -17.1%
5-Year Revenue CAGR (Historical): -3.7%
Forward 5-Year CAGR (Tapered): -3.3%
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: $13.89
52-Week Low: $10.83
Threshold Price (15% Above 52-Week Low): $12.45
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: $205 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 2025-12-31): $4.24
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 39.39 (>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 39.39, Risk-Free Anchored PE (25% MoS) 18.16. Based on these 4 values, average assigned is 22.39. The fair value of Net Lease Office Properties (NLOP) stock cannot be calculated since EBITDA and EPS are either 0 or negative.
