NET LEASE OFFICE PROPERTY (NLOP) Stock Fundamental Analysis

NYSE:NLOP • US64110Y1082

13.32 USD
-0.33 (-2.42%)
At close: Feb 23, 2026
13.32 USD
0 (0%)
After Hours: 2/23/2026, 8:04:48 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall NLOP gets a fundamental rating of 3 out of 10. We evaluated NLOP against 122 industry peers in the Diversified REITs industry. While NLOP seems to be doing ok healthwise, there are quite some concerns on its profitability. NLOP does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year NLOP has reported negative net income.
  • NLOP had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: NLOP reported negative net income in multiple years.
  • NLOP had a positive operating cash flow in each of the past 5 years.
NLOP Yearly Net Income VS EBIT VS OCF VS FCFNLOP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 50M -50M -100M

1.2 Ratios

  • NLOP has a worse Return On Assets (-34.64%) than 95.90% of its industry peers.
  • NLOP has a worse Return On Equity (-42.07%) than 91.80% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.88%, NLOP belongs to the top of the industry, outperforming 90.98% of the companies in the same industry.
  • NLOP had an Average Return On Invested Capital over the past 3 years of 2.84%. This is in line with the industry average of 3.07%.
  • The 3 year average ROIC (2.84%) for NLOP is below the current ROIC(4.88%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -34.64%
ROE -42.07%
ROIC 4.88%
ROA(3y)-6.79%
ROA(5y)-3.86%
ROE(3y)-11.26%
ROE(5y)-6.42%
ROIC(3y)2.84%
ROIC(5y)2.82%
NLOP Yearly ROA, ROE, ROICNLOP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

  • NLOP has a Operating Margin (25.79%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of NLOP has declined.
  • NLOP has a Gross Margin (66.45%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of NLOP has declined.
Industry RankSector Rank
OM 25.79%
PM (TTM) N/A
GM 66.45%
OM growth 3Y-9.93%
OM growth 5Y-6.37%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.53%
GM growth 5Y-2.94%
NLOP Yearly Profit, Operating, Gross MarginsNLOP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NLOP is destroying value.
  • Compared to 1 year ago, NLOP has about the same amount of shares outstanding.
  • NLOP has a better debt/assets ratio than last year.
NLOP Yearly Shares OutstandingNLOP Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 5M 10M
NLOP Yearly Total Debt VS Total AssetsNLOP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 0.59, we must say that NLOP is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.59, NLOP perfoms like the industry average, outperforming 53.28% of the companies in the same industry.
  • NLOP has a debt to FCF ratio of 1.00. This is a very positive value and a sign of high solvency as it would only need 1.00 years to pay back of all of its debts.
  • The Debt to FCF ratio of NLOP (1.00) is better than 100.00% of its industry peers.
  • NLOP has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
  • NLOP's Debt to Equity ratio of 0.11 is amongst the best of the industry. NLOP outperforms 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1
Altman-Z 0.59
ROIC/WACC0.75
WACC6.47%
NLOP Yearly LT Debt VS Equity VS FCFNLOP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

  • NLOP has a Current Ratio of 1.01. This is a normal value and indicates that NLOP is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.01, NLOP perfoms like the industry average, outperforming 54.92% of the companies in the same industry.
  • NLOP has a Quick Ratio of 1.01. This is a normal value and indicates that NLOP is financially healthy and should not expect problems in meeting its short term obligations.
  • NLOP has a Quick ratio (1.01) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 1.01
NLOP Yearly Current Assets VS Current LiabilitesNLOP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 20M 40M 60M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

0

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 9.20% over the past year.
  • The Revenue for NLOP has decreased by -27.97% in the past year. This is quite bad
  • Measured over the past years, NLOP shows a decrease in Revenue. The Revenue has been decreasing by -4.00% on average per year.
EPS 1Y (TTM)9.2%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-58.92%
Revenue 1Y (TTM)-27.97%
Revenue growth 3Y-1.29%
Revenue growth 5Y-4%
Sales Q2Q%-5.39%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NLOP Yearly Revenue VS EstimatesNLOP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 50M 100M 150M

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for NLOP. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NLOP Price Earnings VS Forward Price EarningsNLOP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NLOP is valued cheaper than 100.00% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NLOP indicates a rather cheap valuation: NLOP is cheaper than 96.72% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 4.18
EV/EBITDA 2.78
NLOP Per share dataNLOP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 96.21%, NLOP is a good candidate for dividend investing.
  • In the last 3 months the price of NLOP has falen by -54.83%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 6.81, NLOP pays a better dividend. On top of this NLOP pays more dividend than 99.18% of the companies listed in the same industry.
  • NLOP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 96.21%

5.2 History

  • NLOP has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
NLOP Yearly Dividends per shareNLOP Yearly Dividends per shareYearly Dividends per share 2023 2025 2026 2 4 6 8 10

5.3 Sustainability

  • The earnings of NLOP are negative and hence is the payout ratio. NLOP will probably not be able to sustain this dividend level.
DP-25.37%
EPS Next 2YN/A
EPS Next 3YN/A
NLOP Yearly Income VS Free CF VS DividendNLOP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

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Find the best dividend stocksShow peers with best dividend

NET LEASE OFFICE PROPERTY

NYSE:NLOP (2/23/2026, 8:04:48 PM)

After market: 13.32 0 (0%)

13.32

-0.33 (-2.42%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-07
Earnings (Next)N/A
Inst Owners59.54%
Inst Owner Change-10.33%
Ins Owners0.66%
Ins Owner Change0.94%
Market Cap197.27M
Revenue(TTM)115.90M
Net Income(TTM)-180.99M
Analysts82.86
Price Target46.92 (252.25%)
Short Float %3.94%
Short Ratio2
Dividend
Industry RankSector Rank
Dividend Yield 96.21%
Yearly Dividend0.07
Dividend Growth(5Y)N/A
DP-25.37%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-18
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.7
P/FCF 4.18
P/OCF 3.75
P/B 0.46
P/tB 0.46
EV/EBITDA 2.78
EPS(TTM)-12.22
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)3.18
FCFY23.9%
OCF(TTM)3.55
OCFY26.68%
SpS7.83
BVpS29.05
TBVpS29.05
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -34.64%
ROE -42.07%
ROCE 6.17%
ROIC 4.88%
ROICexc 5.3%
ROICexgc 5.7%
OM 25.79%
PM (TTM) N/A
GM 66.45%
FCFM 40.68%
ROA(3y)-6.79%
ROA(5y)-3.86%
ROE(3y)-11.26%
ROE(5y)-6.42%
ROIC(3y)2.84%
ROIC(5y)2.82%
ROICexc(3y)2.9%
ROICexc(5y)2.86%
ROICexgc(3y)3.06%
ROICexgc(5y)3.06%
ROCE(3y)3.6%
ROCE(5y)3.57%
ROICexgc growth 3Y3.88%
ROICexgc growth 5YN/A
ROICexc growth 3Y5.46%
ROICexc growth 5YN/A
OM growth 3Y-9.93%
OM growth 5Y-6.37%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.53%
GM growth 5Y-2.94%
F-Score5
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1
Debt/EBITDA 0.62
Cap/Depr 11.97%
Cap/Sales 4.74%
Interest Coverage 250
Cash Conversion 69.48%
Profit Quality N/A
Current Ratio 1.01
Quick Ratio 1.01
Altman-Z 0.59
F-Score5
WACC6.47%
ROIC/WACC0.75
Cap/Depr(3y)22.59%
Cap/Depr(5y)16.46%
Cap/Sales(3y)10.42%
Cap/Sales(5y)7.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.2%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-58.92%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-27.97%
Revenue growth 3Y-1.29%
Revenue growth 5Y-4%
Sales Q2Q%-5.39%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-16.43%
EBIT growth 3Y-11.09%
EBIT growth 5Y-10.12%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-11.76%
FCF growth 3Y-5.6%
FCF growth 5Y27.04%
OCF growth 1Y-34.88%
OCF growth 3Y-1.56%
OCF growth 5Y-2.85%

NET LEASE OFFICE PROPERTY / NLOP FAQ

What is the ChartMill fundamental rating of NET LEASE OFFICE PROPERTY (NLOP) stock?

ChartMill assigns a fundamental rating of 3 / 10 to NLOP.


What is the valuation status of NET LEASE OFFICE PROPERTY (NLOP) stock?

ChartMill assigns a valuation rating of 2 / 10 to NET LEASE OFFICE PROPERTY (NLOP). This can be considered as Overvalued.


Can you provide the profitability details for NET LEASE OFFICE PROPERTY?

NET LEASE OFFICE PROPERTY (NLOP) has a profitability rating of 3 / 10.


Can you provide the financial health for NLOP stock?

The financial health rating of NET LEASE OFFICE PROPERTY (NLOP) is 5 / 10.