Net Lease Office Properties (NLOP)
Real Estate · NYQ
Price as at 30 Sept 2026, 21:48 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Net Lease Office Properties trades at $9.87, which is 16% below the $11.48 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 35 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
NLOP dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $15.15 | 3 |
| 2025 | $7.20 | 2 |
| 2023 | $0.340 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
NLOP passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
8 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Marshall Wace, MARSHALL WACE, LLP$4.27M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$3.68M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$2.62M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$2.07M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$1.14M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
NLOP peers
The largest companies in the same industry (REIT - Office), then in the same sector.
- CUZ Cousins Properties Incorporated
- ESBA Empire State Realty OP, L.P.
- HPP Hudson Pacific Properties, Inc.
- OPI Office Properties Income Trust
- FSP Franklin Street Properties Corp.
- WELL Welltower Inc.
- PLD Prologis Inc.
- EQIX Equinix Inc.
Every real estate company we cover is on the Real Estate hub.
Common questions
Is Net Lease Office Properties (NLOP) undervalued?
Against our fair value estimate of $11.48, NLOP at $9.87 is 16% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own NLOP?
8 of the institutions we track reported a position in NLOP in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
Where does SteadyShares get its NLOP data?
Fundamentals for NLOP come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 21:48 UTC and is delayed. Our data quality score for this company is 88/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for NLOP, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.