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NYSE · REIT - Office · USD

Net Lease Office Properties (NLOP) Stock Analysis

Net Lease Office Properties (NLOP) is a REIT - Office stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

NLOP

$9.69

−$0.02 (−0.21%)

Oct 21, 2026 · Market close

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Price History

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NLOP Key Statistics

As of Oct 21, 2026
Trading
Open
$9.71
Previous Close
$9.71
Day's Range
9.67–9.76
52-Week Range
9.48–30.26
Volume
131.27K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.96
Valuation
Market Cap
$143.55M
P/E Ratio
unprofitable
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.20
EPS (ttm)Profit attributable to each share over the last twelve months.
−3.07
Financials (FY)
Revenue (FY)
$118.92M−16.40%
Net Income (FY)
−$145.26M
Profit marginThe share of revenue left as profit after all costs and taxes.
−69.49%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
14.81M
1-Year Return
−7.13%
Dividend and dates
Ex-Dividend Date
March 30, 2026
Earnings Date
November 6, 2026estimated
Avg Volume
138.06K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NLOP closed at $9.69, −7.13% over 1 year.

Net Lease Office Properties (NLOP) has a market capitalization of $143.55M.

In fiscal 2025, NLOP reported revenue of $118.92M.

NLOP Stock Return by Calendar Year

Net Lease Office Properties (NLOP) return since Oct 2023: what $10,000 became

1 year
$10,000 $9,287
−7.13%
3 years
$10,000 $15,835
+58.35%

If you had invested $10,000 in Net Lease Office Properties (NLOP) at the close on October 27, 2023, the earliest close on record here, it would have been worth $15,835 at the close on October 21, 2026: +58.35% in total, +16.56% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−8.64%
2025+5.88%
2024+68.89%
2023 (partial year)−3.06%

As of October 21, 2026.

NLOP Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$118.92M−$145.26M−122.2%
2024$142.25M−$91.47M−64.3%
2023$174.97M−$131.75M−75.3%
2022$156.21M$15.78M10.1%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$118.92M$83.30M$35.31M−$145.26M−122.2%
2024$142.25M$98.58M$34.37M−$91.47M−64.3%
2023$174.97M$137.12M$40.07M−$131.75M−75.3%
2022$156.21M$124.21M$43.11M$15.78M10.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NLOP Dividend History

$7.20

Dividends per share, 2025 · 2 payments

YearDividends per sharePaymentsChange
2026*$15.153—
2025$7.202—
2023$0.341—

Most recent payment: $5.05 per share, ex-dividend March 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NLOP Valuation vs REIT - Office Median

Median of 19 stocks
MetricNLOPREIT - Office medianvs median
P/S ratio2.202.5614% below
Profit margin−69.49%−14.18%55.3 pts below

Medians across 19 REIT - Office stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Net Lease Office Properties (NLOP) at $143.55M. The company sits in the Real Estate sector, in the REIT - Office industry.

Over the past 52 weeks the price has ranged from $9.48 to $30.26. NLOP last closed at $9.69 on October 21, 2026. That is −$0.02 (−0.21%) against the previous close. The latest close sits 2.22% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $118.92M. Against the prior fiscal year total of $142.25M, that is a change of −16.40%. The same year closed with a net loss of $145.26M. Profit margin runs at −69.49%. That is 55.3 percentage points below the REIT - Office median of −14.18%. Trailing earnings per share are −3.07.

Across the 4 fiscal years on file, revenue moves from $156.21M in 2022 to $118.92M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. Measured against sales, the shares trade at 2.2 times revenue. On price-to-sales that is 14.21% below the REIT - Office median of 2.56. The medians here are taken across 19 REIT - Office companies that report the metric.

The trailing one-year total return is −7.13%. Across 3 years the annualized return works out at +16.56%. The reported beta is 0.96. Annualized volatility over the trailing 3 years is 43.52%.

Growth & Income

The dividend record for NLOP runs through 2026. Dividends are recorded for 3 calendar years; 2026 shows 3 payments totalling $15.15 a share. The year before, 2025, totalled $7.20 a share.

2026 is still running; the total return is −8.64% year to date. The strongest complete calendar year on file is 2024 at +68.89%; the weakest is 2025 at +5.88%.

Peer Comparison

Net Lease Office Properties (NLOP) operates in the REIT - Office industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Net Lease Office Properties NLOP $143.55M —
BXP, Inc. BXP $10.71B 31.8
Alexandria Real Estate Equities, Inc. ARE $7.27B —
Vornado Realty Trust VNO $6.51B 822.3

The REIT - Office industry average P/E ratio is 35.7x. Net Lease Office Properties has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Net Lease Office Properties

Net Lease Office Properties is a publicly traded real estate investment trust that owns a portfolio of high-quality, single-tenant properties located in the U.S. and net leased to corporate tenants operating across a variety of industries. Net Lease Office Properties is based in New York, United States.

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