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Net Lease Office Properties (NLOP)

Real Estate | REIT - Office | New York, United States | NYSE
12.84 USD +0.08 (0.627%) ⇧ (April 17, 2026, 4 p.m. EDT)

Short-term: ★★☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ★☆☆☆☆
Hot Take | April 19, 2026, 12:46 a.m. EDT

NLOP presents a compounded 'death spiral' scenario combining deteriorating fundamentals (negative margins, revenue contraction) with an unsustainable yield. The massive short interest surge and speculative betting on a drop to $6-9 in the options chain confirm a speculative consensus of failure, regardless of the recent 'bullish' liquidation narrative. This is a cash grab, not an investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.098833
AutoETS0.113405
MSTL0.114929
AutoARIMA0.115493

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 41%
H-stat 27.82
Ljung-Box p 0.000
Jarque-Bera p 0.466
Excess Kurtosis -0.82
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-03-29
Last Dividend Date 2026-03-29
Debt to Equity Ratio 7.417
Revenue per Share 7.15
Market Cap 190,212,720
Beta 0.86
Profit Margins -137.15%
Previous Name 59 office properties
Website https://www.nloproperties.com

As of April 19, 2026, 12:46 a.m. EDT: Options activity shows significant bearish positioning despite recent price recovery. In the July 17 and October 16 expirations, In-The-Money (ITM) puts represent a massive majority of Open Interest (approx. 69% and 100% respectively), signaling heavy speculative hedging against a decline to $9 or lower strikes. Conversely, Call Open Interest is sparse and concentrated at lower strikes or maturity dates, suggesting minimal bullish conviction. Implied Volatility is low to moderate, indicating a relaxed fear of a sudden crash in the short term, but the structural OI skew overwhelmingly favors downside protection.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
29.20% 212.36%
Dividend History
Date Dividend Yield %
2026-03-30 3.30 29.203539
2026-02-18 6.75 66.740518
2026-01-02 5.10 47.759128
2025-12-04 4.10 39.669586
2025-08-18 3.10 28.984236
2023-12-15 0.34 5.947423
Additional Data
exDividendDate 2026-03-30
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 3.3
lastDividendDate 2026-03-30
dividendDate 2026-04-14

Info Dump

Attribute Value
52 Week Change -0.5406082
Address1 One Manhattan West
Address2 395 9th Avenue 58th Floor
All Time High 50.0
All Time Low 9.5
Ask 12.93
Ask Size 200
Audit Risk 4
Average Daily Volume10 Day 185,370
Average Daily Volume3 Month 290,681
Average Volume 290,681
Average Volume10Days 185,370
Beta 0.861
Bid 12.0
Bid Size 700
Board Risk 8
Book Value 19.84
City New York
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 12.84
Current Ratio 2.114
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 12.87
Day Low 12.7144
Debt To Equity 7.417
Dividend Date 1,776,124,800
Earnings Timestamp End 1,778,184,000
Earnings Timestamp Start 1,778,184,000
Ebitda 65,913,000
Ebitda Margins 0.62232
Enterprise To Ebitda 1.466
Enterprise To Revenue 0.912
Enterprise Value 96,596,720
Eps Trailing Twelve Months -9.81
Esg Populated 0
Ex Dividend Date 1,774,828,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 14.3274
Fifty Day Average Change -1.4874
Fifty Day Average Change Percent -0.10381507
Fifty Two Week Change Percent -54.06082
Fifty Two Week High 34.53
Fifty Two Week High Change -21.689999
Fifty Two Week High Change Percent -0.6281494
Fifty Two Week Low 11.235
Fifty Two Week Low Change 1.6050005
Fifty Two Week Low Change Percent 0.1428572
Fifty Two Week Range 11.235 - 34.53
Financial Currency USD
First Trade Date Milliseconds 1,698,413,400,000
Float Shares 14,716,450
Free Cashflow 58,227,124
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.8757
Gross Profits 92,750,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00746
Held Percent Institutions 0.53539
Implied Shares Outstanding 14,814,075
Industry REIT - Office
Industry Disp REIT - Office
Industry Key reit-office
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,774,828,800
Last Dividend Value 3.3
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Market us_market
Market Cap 190,212,720
Market State PRE
Max Age 86,400
Message Board Id finmb_1856825577
Most Recent Quarter 1,767,139,200
Name Change Date 2,026-04-19
Net Income To Common -145,262,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 190,212,723
Open 12.79
Operating Cashflow 64,111,000
Operating Margins 0.043390002
Overall Risk 5
Payout Ratio 0.0
Phone 844 656 7348
Prev Name 59 office properties
Previous Close 12.76
Price Hint 2
Price To Book 0.6471774
Price To Sales Trailing12 Months 1.7958997
Profit Margins -1.3714999
Quick Ratio 2.075
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0799999
Regular Market Change Percent 0.626959
Regular Market Day High 12.87
Regular Market Day Low 12.7144
Regular Market Day Range 12.7144 - 12.87
Regular Market Open 12.79
Regular Market Previous Close 12.76
Regular Market Price 12.84
Regular Market Time 1,776,456,002
Regular Market Volume 72,724
Return On Assets 0.02693
Return On Equity -0.32871
Revenue Growth -0.36
Revenue Per Share 7.15
Sand P52 Week Change 0.38150132
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 4
Shares Outstanding 14,814,075
Shares Percent Shares Out 0.0433
Shares Short 641,697
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 462,533
Short Name Net Lease Office Properties
Short Percent Of Float 0.0436
Short Ratio 2.83
Source Interval 15
State NY
Symbol NLOP
Total Cash 119,621,000
Total Cash Per Share 8.075
Total Debt 22,091,000
Total Revenue 105,915,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -9.81
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 24.77305
Two Hundred Day Average Change -11.93305
Two Hundred Day Average Change Percent -0.48169482
Type Disp Equity
Volume 72,724
Website https://www.nloproperties.com
Zip 10,001