NLOP
Net Lease Office Properties
There isn't enough reported data to score NLOP yet.
NLOP Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| N/A | |
| N/A |
NLOP's profitability is currently stable, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for real estate companies like NLOP.
NLOP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.6x | $9.33 | -2.5% |
| Fair | 7.7x | $9.42 | -1.5% |
| Expensive | 7.8x | $9.52 | -0.6% |
| Current | 7.8x | $9.57 | — |
Historical ranges are pointers, not guarantees.
NLOP's PE is 7.8x, but its earnings don't support one, so it isn't a reliable read right now.
NLOP Forward outlook
There aren't enough analyst estimates for NLOP to show an outlook.
NLOP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $1.22 | +$13.43 |
| Q2 2026 | -$3.07 | +$7.54 |
| Q1 2026 | -$8.15 | -$3.88 |
| Q4 2025 | -$9.81 | -$3.63 |
NLOP has returned to profit: it earned $1.22 per share over the past year, after losing money the year before.
NLOP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.9M | -80% |
| Q2 2026 | $6.4M | -78% |
| Q1 2026 | $9M | -69% |
| Q4 2025 | $30.7M | +11% |
| Q3 2025 | $29.8M | -5.4% |
| Q2 2025 | $29.2M | -25% |
| Q1 2025 | $29.2M | -34% |
| Q3 2024 | $31.5M | -27% |
NLOP's revenue has slid since its 2022 peak: $6M last quarter, down 80% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -90% | +43 points |
| Q2 2026 | -102% | +154 points |
| Q1 2026 | 34% | +10 points |
| Q4 2025 | 21% | +123 points |
| Q3 2025 | -133% | -45 points |
| Q2 2025 | -255% | -261 points |
| Q1 2025 | 24% | +1.4 points |
| Q4 2024 | -102% | N/A |
NLOP's operating margin was −90% last quarter, up 43 points from the same quarter a year ago.
NLOP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $750K | -95% |
| Q2 2026 | $1.8M | -85% |
| Q1 2026 | $8.1M | -42% |
| Q4 2025 | $22M | +109% |
| Q3 2025 | $16.3M | -20% |
| Q2 2025 | $11.7M | -20% |
| Q1 2025 | $14.1M | -46% |
| Q3 2024 | $20.3M | -1.7% |
NLOP's free cash flow was $33M over the past year, down 38% from the year before. Free cash flow isn't a meaningful measure for real estate companies like NLOP.
NLOP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | +3.9% | +552K shares |
NLOP has 15M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
NLOP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.5x | Net Cash |
| Q1 2025 | 71.3x | High |
| Q4 2024 | 11.2x | High |
| Q3 2023 | 2.3x | Moderate |
| Q2 2023 | 4.9x | High |
| Q1 2023 | 2.6x | Moderate |
| Q4 2022 | 2.8x | Moderate |
NLOP has more cash than debt. Net leverage isn't a meaningful measure for real estate companies like NLOP.
NLOP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.3 | Oversold |
| Stochastic | 13.6 | Oversold |
NLOP's weekly RSI is 29 (oversold) and its Stochastic is 14 (oversold).
NLOP PE vs Real Estate Sector
NLOP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.57 | 0% above |
| 20 week MA | $10.6 | 9.8% below |
| 50 week MA | $13.9 | 31% below |
| 100 week MA | $22.3 | 57% below |
NLOP is in a downtrend: it's below all four of its weekly moving averages, and 57% below its 100-week average.
NLOP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $19.4 | $18.5 | -4.7% |
| 2024 | $18.5 | $30.8 | +67% |
| 2025 | $30.8 | $25.9 | -16% |
| 2026 YTD | $25.9 | $9.57 | -63% |
NLOP has finished lower in two of the last three years. It's down 63% so far in 2026.