NLOP - Net Lease Office Properties
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$73.00
DETAILS
HIGH:
$73.00
LOW:
$73.00
MEDIAN:
$73.00
CONSENSUS:
$73.00
UPSIDE:
515.51%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 118.9 | 142.2 | 175.0 | 156.2 | 147.9 | 144.8 | 174.5 |
| Cost of Revenue | 35.6 | 43.7 | 37.8 | 32.0 | 30.1 | 28.4 | 34.1 |
| Gross Profit | 83.3 | 98.6 | 137.1 | 124.2 | 117.8 | 116.3 | 140.4 |
| Operating Expenses | |||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 7.3 | 7.5 | 22.1 | 17.9 | 10.3 | 9.4 | 12.3 |
| Other Expenses | 40.7 | 56.7 | 75.0 | 63.2 | 58.6 | 107.0 | 0 |
| Operating Expenses | 48.0 | 64.2 | 97.1 | 81.1 | 68.9 | 116.3 | 81.7 |
| Operating Income | |||||||
| Operating Income | 35.3 | 34.4 | 40.1 | 43.1 | 48.9 | 0 | 58.6 |
| Interest Expense | 12.7 | 68.0 | 42.6 | 26.8 | 32.5 | 32.1 | 41.9 |
| Interest Income | 2.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | (93.5) | 53.1 | (7.3) | 109.3 | 92.9 | 108.9 | 132.2 |
| EBIT | (132.3) | (25.8) | (88.7) | 43.1 | 31.7 | 49.0 | 56.6 |
| Income Before Tax | (145.0) | (93.8) | (131.3) | 16.3 | 3.1 | 16.8 | 14.7 |
| Income Tax Expense | 0.2 | (2.4) | 0.4 | 0.5 | 1.6 | 0.8 | 0.8 |
| Net Income | (145.3) | (91.5) | (131.7) | 15.8 | 1.4 | 16.0 | 13.8 |
| Per Share Data | |||||||
| EPS (Basic) | -9.81 | -6.18 | -9.00 | 1.11 | 1.73 | 1.12 | 0.97 |
| EPS (Diluted) | -9.81 | -6.18 | -9.00 | 1.11 | 1.73 | 1.12 | 0.97 |
| Shares Outstanding | 14.8 | 14.8 | 14.6 | 14.3 | 14.3 | 14.3 | 14.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 119.6 | 25.1 | 16.3 | 4.7 | 4.0 | 7.3 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 10.5 | 14.7 | 15.0 | 15.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 43.3 | 41.0 | 1.3 | 5.3 | 0 |
| Total Current Assets | 119.6 | 68.4 | 67.8 | 20.7 | 24.3 | 22.4 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 0 | 580.3 | 991.0 | 1,101.5 | 940.7 | 1,193.8 |
| Goodwill | 0 | 0 | 0 | 63.6 | 52.0 | 80.2 |
| Intangible Assets | 45.2 | 97.9 | 170.3 | 228.4 | 214.2 | 324.9 |
| Long-Term Investments | 213.7 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | (213.7) | 58.5 | 76.0 | 47.9 | 43.6 | 55.3 |
| Total Non-Current Assets | 45.2 | 736.6 | 1,237.3 | 1,441.5 | 1,250.5 | 1,654.1 |
| Total Assets | 453.4 | 805.1 | 1,305.1 | 1,462.2 | 1,274.7 | 1,676.6 |
| Current Liabilities | ||||||
| Account Payables | 0 | 0.4 | 59.5 | 45.2 | 38.3 | 58.7 |
| Short-Term Debt | 21.9 | 105.0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 43.1 | (0.5) | 0 | 0 | 0 |
| Total Current Liabilities | 21.9 | 148.9 | 60.6 | 45.2 | 38.3 | 58.7 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 0.2 | 64.3 | 542.0 | 276.1 | 149.9 | 527.7 |
| Deferred Tax Liabilities | 0.1 | 0 | 10.4 | 0 | 0 | 17.4 |
| Other Non-Current Liabilities | 133.2 | 6.3 | 10.6 | 26.7 | 24.5 | 20.3 |
| Total Non-Current Liabilities | 133.6 | 70.7 | 563.1 | 307.5 | 178.9 | 565.4 |
| Total Liabilities | 155.5 | 219.7 | 623.7 | 352.7 | 217.2 | 624.1 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 1,150.2 | 1,098.7 | 0 |
| Retained Earnings | (561.9) | 0 | (143.0) | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | (274.6) | (35.6) | (42.5) | (41.2) | (39.5) |
| Total Stockholders' Equity | 293.9 | 581.2 | 677.0 | 1,107.8 | 1,057.5 | 1,052.5 |
| Total Liabilities & Equity | 453.4 | 805.1 | 1,305.1 | 1,462.2 | 1,274.7 | 1,676.6 |
| Debt Metrics | ||||||
| Total Debt | 22.3 | 169.5 | 542.0 | 280.8 | 154.4 | 527.7 |
| Net Debt | (97.4) | 144.4 | 525.7 | 276.2 | 150.4 | 520.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (145.2) | (91.4) | (131.7) | 15.8 | 1.4 | 16.0 | 13.8 |
| Depreciation & Amortization | 38.8 | 78.9 | 81.4 | 66.2 | 61.2 | 60.0 | 75.6 |
| Stock-Based Compensation | 0 | 0.2 | 2.9 | 3.2 | 2.4 | 1.6 | 2.5 |
| Change in Working Capital | (8.0) | 13.2 | (8.9) | 1.1 | (2.7) | 1.4 | (2.9) |
| Other Non-Cash Items | 178.5 | 74.2 | 128.5 | (0.9) | 13.3 | (5.3) | (4.6) |
| Operating Cash Flow | 64.1 | 71.9 | 71.0 | 84.3 | 75.3 | 73.7 | 83.0 |
| Investing Activities | |||||||
| Capital Expenditure | (4.0) | 0 | (11.2) | (4.7) | (4.2) | (4.5) | (65.0) |
| Acquisitions | 0 | 0 | 0 | (21.0) | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 208.2 | 297.7 | 38.9 | 2.8 | 0 | 0 | 0 |
| Investing Cash Flow | 208.2 | 297.7 | 27.7 | (22.9) | (4.2) | (4.5) | (65.0) |
| Financing Activities | |||||||
| Net Debt Issuance | (111.5) | (366.6) | 367.2 | (39.9) | (264.1) | (74.9) | (209.2) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (106.7) | (1.1) | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.7) | (0.3) | (404.0) | (24.6) | 186.8 | 9.0 | 189.1 |
| Financing Cash Flow | (218.9) | (368.0) | (36.8) | (64.5) | (77.2) | (65.8) | (20.1) |
| Cash Position | |||||||
| Net Change in Cash | 54.2 | 0.6 | 61.8 | (3.3) | (6.1) | 3.6 | (2.4) |
| Cash at Beginning | 68.4 | 67.8 | 6.0 | 9.3 | 15.4 | 11.7 | 17.8 |
| Cash at End | 122.6 | 68.4 | 67.8 | 6.0 | 9.3 | 15.4 | 15.5 |
| Free Cash Flow | 60.1 | 71.9 | 59.8 | 79.6 | 71.2 | 69.2 | 18.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 118.9 | 142.2 | 175.0 | 156.2 | 147.9 | 144.8 | 174.5 |
| Gross Profit | 83.3 | 98.6 | 137.1 | 124.2 | 117.8 | 116.3 | 140.4 |
| Operating Income | 35.3 | 34.4 | 40.1 | 43.1 | 48.9 | 0 | 58.6 |
| Net Income | (145.3) | (91.5) | (131.7) | 15.8 | 1.4 | 16.0 | 13.8 |
| EPS (Diluted) | -9.81 | -6.18 | -9.00 | 1.11 | 1.73 | 1.12 | 0.97 |
| Balance Sheet | |||||||
| Cash & Equivalents | 119.6 | 25.1 | 16.3 | 4.7 | 4.0 | 7.3 | |
| Total Assets | 453.4 | 805.1 | 1,305.1 | 1,462.2 | 1,274.7 | 1,676.6 | |
| Total Debt | 22.3 | 169.5 | 542.0 | 280.8 | 154.4 | 527.7 | |
| Stockholders' Equity | 293.9 | 581.2 | 677.0 | 1,107.8 | 1,057.5 | 1,052.5 | |
| Cash Flow | |||||||
| Operating Cash Flow | 64.1 | 71.9 | 71.0 | 84.3 | 75.3 | 73.7 | 83.0 |
| Capital Expenditure | (4.0) | 0 | (11.2) | (4.7) | (4.2) | (4.5) | (65.0) |
| Free Cash Flow | 60.1 | 71.9 | 59.8 | 79.6 | 71.2 | 69.2 | 18.1 |