profit from every $100 of sales.
$0$100
Net Lease Office Properties
$9.53-0.42% today
-68.2% in 1 year
1-year low $8.881-year high $29.94
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Net Lease Office Properties sold, what it kept, and what it did with the cash.
Sales went from $156 million in 2022 to $119 million in 2025, with -$145 million of profit last year.
SalesProfit
Net Lease Office Properties handed back more cash to shareholders than it generated last year.
$107M
Free cash flow 2025$64M
Bought back its own shares–
Paid as dividends$107M
Cash vs. debt$120M vs. $22M
Net Lease Office Properties vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Net Lease Office Properties | No profit yet | ||
 BXP | 41.4× · Expensive | ||
 MERLIN Properties SOCIMI | 9.4× · Cheap | ||
 Alexandria Real Estate Equities | No profit yet | ||
 Vornado Realty | 7.9× · Cheap |
AI analysis
An AI analyst reads Net Lease Office Properties's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 156 | 175 | 142 | 119 | |
| 124 | 137 | 99 | 83 | |
| 43 | 40 | 34 | 35 | |
| 109 | -7 | 53 | -93 | |
| 16 | -132 | -91 | -145 | |
| 1.08 | -9.00 | -6.18 | -9.81 | |
| 79.5% | 78.4% | 69.3% | 70.0% | |
| 27.6% | 22.9% | 24.2% | 29.7% | |
| 10.1% | -75.3% | -64.3% | -122.2% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 1,462 | 1,305 | 805 | 453 |
| Cash | 5 | 16 | 25 | 120 |
| Total debt | 276 | 542 | 169 | 22 |
| Total liabilities | 353 | 624 | 220 | 156 |
| 1,108 | 677 | 581 | 294 | |
| 15 | 15 | 15 | 15 | |
| 2.5% | -5.7% | -2.7% | -33.1% | |
| 1.4% | -19.5% | -15.7% | -49.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 84 | 71 | 72 | 64 | |
| 5 | 11 | – | – | |
| 84 | 71 | 72 | 64 | |
| Dividends paid | 0 | 0 | 1 | 107 |
| – | – | – | – | |
| 3 | 3 | 0 | 0 |
Valuation
- –
- –
- –
- 1.0×
- 1.2×
- 2.2×
- –
- 45.4%
- -102.9%
- 196.9%
Profitability
- 70.0%
- 29.7%
- -122.2%
- 0.6%
- 27.2%
- -13.5%
- -34.6%
- -46.8%
- 11.8%
- –
Growth
- −8.7%
- –
- −16.4%
- –
- +1.0%
Financial health
- -1.0×
- 0.00
- 0.0%
- 4.1×
- –
- –
- 0.39
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 3%of 746
Bottom 41%of 752
Bottom 8%of 762
Top 2%of 763
What analysts expect
- Average price target
- $73.00
- Range
- $73.00 – $73.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 1.69 | – | – |
| Feb 25, 2026 | -0.00 | – | – |
| Nov 7, 2025 | -4.33 | – | – |
| Aug 6, 2025 | -5.50 | – | – |
| May 8, 2025 | 0.03 | – | – |
| Feb 27, 2025 | -2.42 | – | – |
| Nov 6, 2024 | -2.73 | – | – |
| Aug 8, 2024 | 0.84 | – | – |
196.9%of the share price, paid each year
On $1,000 invested$1969a year at today's yield, before tax
–per share
Raised1 yearin a row, in our data
Paid per share, each year
$0.34 in 2023 → $7.20 in 2025
How safe it looks
0.0% of its profit
Room to growStretchedMore than it earns: 166.4%
News
Global Ship Lease raises dividend by 10% to $0.6875Seeking Alpha · Nov 10, 2026Global Ship Lease Q3 2026 Earnings PreviewSeeking Alpha · Nov 6, 2026Net Lease Office Properties declares $1.50 dividendSeeking Alpha · Nov 5, 2026Willis Lease outlines $200M buyback flexibility through 2031 while expanding Malaysia WERC and South Florida campusSeeking Alpha · Nov 3, 2026Willis Lease Finance GAAP EPS of $0.47 misses by $0.34, revenue of $246.3M beats by $75.87MSeeking Alpha · Nov 3, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
22No pass
Benjamin Graham
7No pass
Philip Fisher
32No pass
Peter Lynch
0No pass
Joel Greenblatt
20No pass
Charlie Munger
29No pass
Terry Smith
22No pass
Questions about Net Lease Office Properties
Is Net Lease Office Properties a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Net Lease Office Properties AI analysis
What does Net Lease Office Properties do?
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. It is in REIT - Office.
Does Net Lease Office Properties pay a dividend?
Yes. At today's price the dividend is 196.9% a year. In 2025 it paid out $107 million in dividends.
Is Net Lease Office Properties stock halal?
No. Net Lease Office Properties does not pass our halal screen: its cash and confirmed interest-bearing investments are 85% of its market value, at or above the 33% limit. How we check
How has Net Lease Office Properties stock done over the past year?
Down 68.2% over the past twelve months, to $9.53. It traded between $8.88 and $29.94 and is 68.2% below its high.
Who are Net Lease Office Properties's competitors?
The largest listed companies in the same industry are BXP, MERLIN Properties SOCIMI, Alexandria Real Estate Equities and Vornado Realty. The peers table on this page compares their profit, growth and price with Net Lease Office Properties's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.