NET Lease Office Properties (NLOP)
NYSEReal EstateReit - OfficeSnapshot 2026-09-14
$10.96+0.83%
Close 2026-09-14 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-09-14
Research Workspace
Put NLOP beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Office REITs is in supercycle. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar broken — achieve positive net income: TTM net margin -59.8% vs >0% target.
View ThesisRevenue is contracting — down about 35% over the past year.
View GrowthManagement screens weak on capital allocation.
View ManagementModerate volatility — typically moves about 1% a day.
View RiskNLOP's growth depends on achieving positive net income, which is currently negative. Revenue performance has been weak, with a trailing twelve-month net margin of -59.8%. NLOP trades at 2.1× price-to-sales, below the peer median of 3.8×. This suggests the price reflects the current growth expectations. A specific risk is the company's inability to achieve positive net income, which has broken a primary pillar of the thesis. Peer multiples imply a price about 68% above where it trades.
Trailing returns as of 2026-09-14. NLOP is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Continue this research
Compare NLOP with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| NLOP Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 2 valuation methods, at three horizons. As of 2026-09-14. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Office REITs — fair value, gap to price, and forward P/E.
Compare the value case
Put NLOP next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-14. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.