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:
534.23%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 6.4 | 9.4 | 31.8 | 29.8 | 29.2 | 29.2 | 27.7 | 31.5 | 39.0 | 44.0 | 46.4 | 43.1 | 42.8 | 42.7 | 56.4 | 40.3 | 36.7 | 36.7 |
| Cost of Revenue | 1.1 | 7.0 | 81.6 | 8.0 | 10.0 | 9.9 | 11.1 | 10.9 | 11.4 | 10.3 | 3.4 | 9.4 | 9.0 | 8.9 | 12.2 | 8.0 | 0 | 0 |
| Gross Profit | 5.3 | 2.4 | (49.8) | 21.8 | 19.2 | 19.4 | 16.7 | 20.6 | 27.6 | 33.8 | 43.0 | 33.7 | 42.8 | 42.7 | 44.2 | 32.3 | 36.7 | 36.7 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 1.9 | 1.9 | 1.7 | 1.7 | 2.1 | 1.8 | 1.9 | 1.8 | 1.9 | 1.9 | 3.6 | 4.8 | 5.2 | 5.5 | 23.0 | 7.0 | 4.6 | 4.6 |
| Other Expenses | 2.7 | (2.6) | (60.4) | 9.0 | 9.7 | 9.7 | 11.2 | 12.4 | 15.1 | 18.0 | 21.8 | 28.9 | 29.7 | 29.7 | 21.1 | 25.3 | 0 | 0 |
| Operating Expenses | 4.6 | (0.7) | (58.7) | 10.6 | 11.8 | 11.5 | 13.1 | 14.2 | 17.0 | 19.9 | 3.6 | 33.7 | 5.2 | 5.5 | 43.2 | 23.6 | 4.6 | 4.6 |
| Operating Income | ||||||||||||||||||
| Operating Income | 0.6 | 3.0 | 8.9 | 11.2 | 7.4 | 7.8 | 3.5 | 6.4 | 10.6 | 13.9 | 39.4 | 12.4 | 37.6 | 37.2 | 2.0 | 8.7 | 32.0 | 32.0 |
| Interest Expense | (0.4) | 0.4 | 0.9 | 1.7 | 4.4 | 5.7 | 7.6 | 11.7 | 27.8 | 20.8 | 18.0 | 8.1 | 8.6 | 7.8 | 68.8 | 7.6 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.3 | 5.3 |
| Profitability | ||||||||||||||||||
| EBITDA | (3.0) | 28.1 | 6.9 | (53.4) | (65.3) | 16.5 | (18.1) | (11.3) | 68.6 | 14.0 | 36.7 | 30.3 | 30.7 | 31.1 | 20.8 | 26.3 | 26.0 | 26.0 |
| EBIT | (5.7) | 25.4 | 0.9 | (62.5) | (77.0) | 6.3 | (31.4) | (28.0) | 40.4 | (6.8) | 10.5 | 11.1 | 13.0 | 12.6 | 0.6 | 8.7 | 12.0 | 12.0 |
| Income Before Tax | (6.1) | 25.1 | (0.1) | (64.1) | (81.4) | 0.6 | (39.0) | (39.8) | 12.6 | (27.6) | (142.0) | 3.0 | 3.5 | 4.2 | (68.2) | 1.1 | 6.6 | 6.6 |
| Income Tax Expense | 0.0 | 0.0 | (0.1) | 0.0 | 0.1 | 0.1 | (3.2) | 0.5 | 0.1 | 0.2 | 0.1 | 0.2 | (0.4) | 0.4 | 0.0 | 0.0 | 0.2 | 0.2 |
| Net Income | (6.2) | 25.0 | (0.1) | (64.2) | (81.5) | 0.5 | (35.8) | (40.3) | 12.5 | (27.8) | (142.1) | 2.8 | 3.8 | 3.7 | (68.3) | 1.1 | 6.3 | 6.3 |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | -0.42 | 1.69 | -0.00 | -4.33 | -5.50 | 0.03 | -2.42 | -2.73 | 0.84 | -1.88 | -9.72 | 0.19 | 0.27 | 0.27 | -4.79 | 0.08 | 0.44 | 0.44 |
| EPS (Diluted) | -0.42 | 1.69 | -0.00 | -4.33 | -5.50 | 0.03 | -2.42 | -2.73 | 0.84 | -1.88 | -9.72 | 0.19 | 0.27 | 0.27 | -4.79 | 0.08 | 0.44 | 0.44 |
| Shares Outstanding | 14.8 | 14.8 | 14.8 | 14.8 | 14.8 | 14.8 | 14.8 | 14.8 | 14.8 | 14.8 | 14.6 | 14.3 | 14.3 | 14.3 | 14.3 | 14.3 | 14.3 | 14.3 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||
| Cash & Cash Equivalents | 23.7 | 70.6 | 119.6 | 38.7 | 54.1 | 28.2 | 25.1 | 36.1 | 36.1 | 39.8 | 16.3 | 5.1 | 55.6 | (4.7) | 4.7 | (4.0) |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.3 | 0 | 7.9 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.5 | 0 | 14.6 | 0 | 14.7 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 3.0 | 2.4 | 2.0 | 37.6 | 43.3 | 49.4 | 113.5 | 48.6 | 41.0 | 1.1 | (14.6) | (4.7) | 1.3 | (4.0) |
| Total Current Assets | 23.7 | 70.6 | 122.6 | 41.1 | 56.2 | 65.8 | 68.4 | 85.5 | 149.7 | 88.3 | 67.8 | 6.2 | 55.6 | 4.7 | 20.7 | 4.0 |
| Non-Current Assets | ||||||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 355.0 | 441.0 | 571.1 | 580.3 | 0 | 736.4 | 0 | 991.0 | 1,092.2 | 1,077.8 | 1,082.2 | 1,101.5 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62.6 | 62.5 | 62.5 | 63.6 | 0 |
| Intangible Assets | 40.2 | 0 | 0 | 68.0 | 79.7 | 92.0 | 97.9 | 238.3 | 119.6 | 148.0 | 170.3 | 192.9 | 208.9 | 204.5 | 228.4 | 0 |
| Long-Term Investments | 167.4 | 177.9 | 213.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | (167.4) | 9.4 | 117.1 | 58.4 | 91.8 | 55.3 | 58.5 | 834.4 | 39.0 | 1,143.5 | 76.0 | 64.9 | 66.2 | (1,353.9) | 47.9 | (4.0) |
| Total Non-Current Assets | 40.2 | 187.4 | 330.7 | 481.4 | 612.5 | 718.4 | 736.6 | 241.4 | 894.9 | 1,143.5 | 1,237.3 | 1,412.7 | 1,415.5 | (4.7) | 1,441.5 | (4.0) |
| Total Assets | 200.9 | 258.0 | 453.4 | 522.6 | 668.7 | 784.1 | 805.1 | 919.9 | 1,044.6 | 1,231.8 | 1,305.1 | 1,418.9 | 1,471.1 | 1,421 | 1,462.2 | 0 |
| Current Liabilities | ||||||||||||||||
| Account Payables | 0.3 | 11.2 | 56.1 | 38.5 | 42.7 | 42.8 | 0.4 | 43.8 | 40.0 | 52.5 | 59.5 | 47.3 | 47.4 | 0 | 45.2 | 0 |
| Short-Term Debt | 21.9 | 0 | 0 | 0 | 80.5 | 108.8 | 105.0 | 0.3 | 22.6 | 0 | 0 | 0.7 | 0 | 1.7 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (12.3) | 0 | 0 | 0 | 0 | 0 | 43.1 | (0.3) | 0 | 0 | (0.5) | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 10.0 | 60.0 | 131.7 | 38.5 | 124.0 | 152.4 | 148.9 | 43.8 | 63.4 | 52.5 | 60.6 | 48.0 | 47.4 | 50.6 | 45.2 | 0 |
| Non-Current Liabilities | ||||||||||||||||
| Long-Term Debt | 21.9 | 21.9 | 21.9 | 47.1 | 36.6 | 39.7 | 64.3 | 239.4 | 304.8 | 515.2 | 542.0 | 260.3 | 590.6 | 263.7 | 276.1 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.1 | 0 | 3.3 | 10.4 | 0 | 10.3 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.3 | 2.1 | 2.0 | 2.7 | 4.0 | 5.8 | 6.3 | 7.5 | 11.8 | 9.2 | 10.6 | 22.5 | 13.0 | 23.3 | 26.7 | (1,057.5) |
| Total Non-Current Liabilities | 23.2 | 24.0 | 23.9 | 49.9 | 40.6 | 45.5 | 70.7 | 250.0 | 316.6 | 527.7 | 563.1 | 282.8 | 613.9 | 287.0 | 307.5 | (1,057.5) |
| Total Liabilities | 33.2 | 84.0 | 155.5 | 88.3 | 164.6 | 197.9 | 219.7 | 293.8 | 380.0 | 580.2 | 623.7 | 330.8 | 661.3 | 337.6 | 352.7 | (1,057.5) |
| Stockholders' Equity | ||||||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,125.1 | 0.0 | 1,121.6 | 1,150.2 | 0 |
| Retained Earnings | (692.0) | 0 | 0 | 0 | 0 | 0 | 0 | (198.7) | 0 | (170.8) | (143.0) | 0 | (13.8) | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | (692.0) | (685.8) | (561.9) | (425.6) | (355.8) | (273.7) | (274.6) | (35.3) | (195.4) | (37.6) | (35.6) | (41.5) | (42.8) | 1,107.8 | (42.5) | 1,057.5 |
| Total Stockholders' Equity | 163.8 | 170.0 | 293.9 | 430.3 | 500.0 | 582.1 | 581.2 | 621.9 | 660.3 | 647.2 | 677.0 | 1,083.6 | 805.2 | 1,109.5 | 1,107.8 | 1,057.5 |
| Total Liabilities & Equity | 200.9 | 258.0 | 453.4 | 522.6 | 668.7 | 784.1 | 805.1 | 919.9 | 1,044.6 | 1,231.8 | 1,305.1 | 1,418.9 | 1,471.1 | 1,109.5 | 1,462.2 | 1,057.5 |
| Debt Metrics | ||||||||||||||||
| Total Debt | 21.9 | 21.9 | 21.9 | 47.1 | 117.2 | 148.5 | 169.5 | 239.4 | 327.4 | 515.2 | 542.0 | 261.0 | 590.6 | 265.3 | 280.8 | 0 |
| Net Debt | (1.8) | (48.7) | (97.7) | 8.4 | 63.0 | 120.3 | 144.4 | 203.3 | 291.3 | 475.4 | 525.7 | 255.9 | 535.0 | 270.0 | 276.2 | 4.0 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||
| Net Income | (6.2) | 25.0 | 1.1 | (64.1) | (81.5) | 0.5 | (35.8) | (40.3) | 12.5 | (27.8) | (142.1) | 2.8 | 3.9 | 3.8 | 2.1 | 1.1 | 6.3 | 6.3 |
| Depreciation & Amortization | 2.8 | 2.6 | 7.8 | 9.1 | 11.7 | 10.2 | 13.3 | 16.7 | 15.1 | 20.8 | 23.9 | 19.2 | 19.1 | 19.1 | 19.2 | 17.6 | 14.0 | 14.0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 1.0 | 0.8 | 0.8 | 0.9 | 0.7 | 0.8 | 0.8 |
| Change in Working Capital | 6.2 | (6.2) | 0.3 | 4.1 | (4.1) | 0.0 | 2.0 | 8.3 | 1.8 | 1.2 | (3.2) | (2.2) | (1.1) | (2.4) | (4.8) | 9.7 | (1.9) | (1.9) |
| Other Non-Cash Items | (1.0) | (13.4) | 12.8 | 67.3 | 85.6 | 3.5 | 33.8 | 35.6 | (14.6) | 32.2 | 128.6 | (0.0) | 0.3 | (0.5) | 0.1 | 0.3 | 0.1 | 0.1 |
| Operating Cash Flow | 1.8 | 8.1 | 22.0 | 16.3 | 11.7 | 14.1 | 10.5 | 20.3 | 14.7 | 26.4 | 7.1 | 20.6 | 22.8 | 20.5 | 17.0 | 28.9 | 19.2 | 19.2 |
| Investing Activities | ||||||||||||||||||
| Capital Expenditure | 0.7 | (0.7) | (1.2) | 0 | 0 | 0 | 0 | 7.3 | 0 | 0 | (6.5) | 0 | (2.3) | (0.2) | (1.8) | (1.1) | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (21.0) | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 8.0 | 127.3 | 0 | 0 | 0 | 0 | 0 | 152.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.5 | 110.8 | 18.8 | 39.5 | 14.1 | 8.7 | 43.1 | 69.8 | 152.4 | 26.8 | 38.9 | (2.1) | (2.3) | (0.2) | (1.8) | 2.8 | (0.9) | (0.9) |
| Investing Cash Flow | 0.5 | 118.8 | 146.0 | 39.5 | 14.1 | 8.7 | 43.1 | 77.2 | 150.8 | 26.8 | 32.3 | (2.1) | (2.3) | (0.2) | (1.8) | (19.3) | (0.9) | (0.9) |
| Financing Activities | ||||||||||||||||||
| Net Debt Issuance | 0 | 0 | (25.3) | (24.9) | (35.6) | (25.7) | (69.8) | (92.8) | (173.1) | (30.9) | 378.6 | (18.6) | (2.0) | (5.1) | (36.7) | (1.4) | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (48.9) | (175.5) | 0 | 0 | 0 | 0 | (0.0) | (1.1) | 0 | (1.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.1) | (0.0) | (61.2) | (70.9) | (0.1) | (0.1) | (0.1) | 1.0 | (0.1) | (0.1) | (356.4) | 0.1 | (21.3) | (12.0) | 19.8 | (4.3) | (20.9) | (20.9) |
| Financing Cash Flow | (49.0) | (175.6) | (86.5) | (70.9) | (35.7) | (25.8) | (69.9) | (92.9) | (173.1) | (32.0) | 22.2 | (18.6) | (23.3) | (17.2) | (17.0) | (5.7) | (20.9) | (20.9) |
| Cash Position | ||||||||||||||||||
| Net Change in Cash | (46.7) | (48.6) | 81.5 | (15.1) | (9.6) | (2.7) | (17.0) | 4.8 | (7.6) | 20.5 | 61.6 | 0.1 | (2.8) | 3.0 | (1.6) | 3.7 | (2.7) | (2.7) |
| Cash at Beginning | 74.0 | 122.6 | 41.1 | 56.2 | 65.8 | 68.4 | 85.5 | 80.7 | 88.3 | 67.8 | 6.2 | 6.1 | 9.0 | 6.0 | 7.6 | 3.8 | 6.6 | 0 |
| Cash at End | 27.3 | 74.0 | 122.6 | 41.1 | 56.2 | 65.8 | 68.4 | 85.5 | 80.7 | 88.3 | 67.8 | 6.2 | 6.1 | 9.0 | 6.0 | 7.6 | 3.8 | (2.7) |
| Free Cash Flow | 2.5 | 7.5 | 20.7 | 16.3 | 11.7 | 14.1 | 10.5 | 27.6 | 14.7 | 26.4 | 0.6 | 20.6 | 20.5 | 20.2 | 15.2 | 27.8 | 19.2 | 19.2 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 6.4 | 9.4 | 31.8 | 29.8 | 29.2 | 29.2 | 27.7 | 31.5 | 39.0 | 44.0 | 46.4 | 43.1 | 42.8 | 42.7 | 56.4 | 40.3 | 36.7 | 36.7 |
| Gross Profit | 5.3 | 2.4 | (49.8) | 21.8 | 19.2 | 19.4 | 16.7 | 20.6 | 27.6 | 33.8 | 43.0 | 33.7 | 42.8 | 42.7 | 44.2 | 32.3 | 36.7 | 36.7 |
| Operating Income | 0.6 | 3.0 | 8.9 | 11.2 | 7.4 | 7.8 | 3.5 | 6.4 | 10.6 | 13.9 | 39.4 | 12.4 | 37.6 | 37.2 | 2.0 | 8.7 | 32.0 | 32.0 |
| Net Income | (6.2) | 25.0 | (0.1) | (64.2) | (81.5) | 0.5 | (35.8) | (40.3) | 12.5 | (27.8) | (142.1) | 2.8 | 3.8 | 3.7 | (68.3) | 1.1 | 6.3 | 6.3 |
| EPS (Diluted) | -0.42 | 1.69 | -0.00 | -4.33 | -5.50 | 0.03 | -2.42 | -2.73 | 0.84 | -1.88 | -9.72 | 0.19 | 0.27 | 0.27 | -4.79 | 0.08 | 0.44 | 0.44 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 23.7 | 70.6 | 119.6 | 38.7 | 54.1 | 28.2 | 25.1 | 36.1 | 36.1 | 39.8 | 16.3 | 5.1 | 55.6 | (4.7) | 4.7 | (4.0) | ||
| Total Assets | 200.9 | 258.0 | 453.4 | 522.6 | 668.7 | 784.1 | 805.1 | 919.9 | 1,044.6 | 1,231.8 | 1,305.1 | 1,418.9 | 1,471.1 | 1,421 | 1,462.2 | 0 | ||
| Total Debt | 21.9 | 21.9 | 21.9 | 47.1 | 117.2 | 148.5 | 169.5 | 239.4 | 327.4 | 515.2 | 542.0 | 261.0 | 590.6 | 265.3 | 280.8 | 0 | ||
| Stockholders' Equity | 163.8 | 170.0 | 293.9 | 430.3 | 500.0 | 582.1 | 581.2 | 621.9 | 660.3 | 647.2 | 677.0 | 1,083.6 | 805.2 | 1,109.5 | 1,107.8 | 1,057.5 | ||
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 1.8 | 8.1 | 22.0 | 16.3 | 11.7 | 14.1 | 10.5 | 20.3 | 14.7 | 26.4 | 7.1 | 20.6 | 22.8 | 20.5 | 17.0 | 28.9 | 19.2 | 19.2 |
| Capital Expenditure | 0.7 | (0.7) | (1.2) | 0 | 0 | 0 | 0 | 7.3 | 0 | 0 | (6.5) | 0 | (2.3) | (0.2) | (1.8) | (1.1) | 0 | 0 |
| Free Cash Flow | 2.5 | 7.5 | 20.7 | 16.3 | 11.7 | 14.1 | 10.5 | 27.6 | 14.7 | 26.4 | 0.6 | 20.6 | 20.5 | 20.2 | 15.2 | 27.8 | 19.2 | 19.2 |