Net Lease Office Properties

NLOP

US64110Y1082

Commercial REITs

Market Closed - Nyse Other stock markets 01:30:02 25/05/2024 am IST			5-day change	1st Jan Change
23.71 ^USD	+3.76%		-2.07%	+28.30%

10/05	Net Lease Office Properties Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02/05	An unknown buyer completed the acquisition of 275,725 Square feet property located in Stavanger, Norway from Net Lease OfficeProperties for $33.1 million.	CI

Net Lease Office Properties Reports Earnings Results for the Full Year Ended December 31, 2023

March 07, 2024 at 03:08 am IST

Net Lease Office Properties reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 166.03 million compared to USD 151.25 million a year ago. Revenue was USD 174.97 million compared to USD 156.21 million a year ago.

Net loss was USD 131.75 million compared to net income of USD 15.78 million a year ago. Basic loss per share from continuing operations was USD 9 compared to basic earnings per share from continuing operations of USD 1.08 a year ago.

Latest news about Net Lease Office Properties

Net Lease Office Properties Reports Earnings Results for the First Quarter Ended March 31, 2024	11/05	CI
An unknown buyer completed the acquisition of 275,725 Square feet property located in Stavanger, Norway from Net Lease OfficeProperties for $33.1 million.	02/05	CI
An unknown buyer completed the acquisition of 104,598 Square feet office property located in Hoffman Estates, IL from Net Lease OfficeProperties for $36 million.	02/05	CI
An unknown buyer completed the acquisition of 390,380 square foot office property in Hoffman, Tennessee from Net Lease OfficeProperties for $62.5 million.	02/05	CI
Net Lease Office Properties Reports Earnings Results for the Full Year Ended December 31, 2023	07/03	CI
BWS Financial Starts Net Lease Office Properties With Buy Rating, $60 Price Target	09/02	MT
Net Lease Office Properties Declares Common Share Dividend, Payable on or About January 29, 2024	09/12	CI
Net Lease Office Properties Announces Board and Committee Appointments	02/11	CI
Net Lease Office Properties(NYSE:NLOP) added to S&P TMI Index	02/11	CI
Net Lease Office Properties(NYSE:NLOP) added to FTSE All-World Index	02/11	CI
Net Lease Office Properties(NYSE:NLOP) added to S&P Global BMI Index	02/11	CI
W. P. Carey Inc. completed the Spin-Off of Net Lease Office Properties.	01/11	CI

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Company Profile

Net Lease Office Properties (NLOP) is a real estate investment trust. The Company owns a diversified portfolio of office properties that are primarily leased to corporate tenants on a single-tenant, net-lease basis. Tenants operate across a variety of industries and most properties are located in the United States, with the balance located in Europe. The Company operates through its subsidiaries, which own, operate, and finance office buildings. The Companyâs portfolio is composed of full or partial ownership interests in approximately 55 properties, net-leased to 59 corporate tenants, totaling approximately 9.0 million leasable square feet (including 0.6 million of operating square footage for a parking garage on a domestic property). The Companyâs business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of property portfolios over time.

Sector

Commercial REITs

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

23.71 USD

Average target price

46 USD

Spread / Average Target

+94.01%

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Chiffre d''affaires - Rate of surprise

Company calendar

Sector Office REITs

	1st Jan change	Capi.
NET LEASE OFFICE PROPERTIES	+28.30%	351M
BOSTON PROPERTIES, INC.	-15.48%	9.32B
NIPPON BUILDING FUND INC.	-6.06%	6.16B
DEXUS	-10.61%	4.86B
JAPAN REAL ESTATE INVESTMENT CORPORATION	-11.82%	4.62B
KDX REALTY INVESTMENT CORPORATION	-5.60%	3.97B
EMBASSY OFFICE PARKS REIT	+4.71%	3.89B
KILROY REALTY CORPORATION	-18.42%	3.81B
INMOBILIARIA COLONIAL SOCIMI, S.A.	-6.41%	3.51B
SL GREEN REALTY CORP.	+12.20%	3.28B

Office REITs