Financial Snapshot

Revenue
$160.9M
TTM
Gross Margin
74.89%
TTM
Net Earnings
-$197.8M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$626.1M
Q3 2024
Cash
Q3 2024
P/E
-2.327
Nov 15, 2024 EST
Free Cash Flow
$52.64M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $175.0M $156.2M $147.9M $144.8M $174.5M
YoY Change 12.01% 5.61% 2.14% -17.02%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $175.0M $156.2M $147.9M $144.8M $174.5M
Cost Of Revenue $37.84M $32.00M $30.10M $28.40M $34.10M
Gross Profit $137.1M $124.2M $117.8M $116.3M $140.4M
Gross Profit Margin 78.37% 79.51% 79.65% 80.32% 80.46%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $13.61M $11.90M $10.30M $9.400M $12.30M
YoY Change 14.37% 15.53% 9.57% -23.58%
% of Gross Profit 9.93% 9.58% 8.74% 8.08% 8.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.20M $64.28M $60.33M $59.10M $71.74M
YoY Change -51.46% 6.55% 2.08% -17.62%
% of Gross Profit 22.75% 51.76% 51.21% 50.82% 51.1%
Operating Expenses $97.05M $81.10M $68.90M $66.60M $81.80M
YoY Change 19.67% 17.71% 3.45% -18.58%
Operating Profit $40.07M $43.10M $48.90M $49.70M $58.60M
YoY Change -7.04% -11.86% -1.61% -15.19%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $42.61M -$26.80M -$28.60M -$32.10M -$41.90M
YoY Change -259.0% -6.29% -10.9% -23.39%
% of Operating Profit 106.35% -62.18% -58.49% -64.59% -71.5%
Other Income/Expense, Net -$45.77M $0.00 -$17.20M -$800.0K -$2.000M
YoY Change -100.0% 2050.0% -60.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$131.3M $16.30M $3.100M $16.80M $14.70M
YoY Change -905.5% 425.81% -81.55% 14.29%
Income Tax $425.0K $500.0K $1.600M $800.0K $800.0K
% Of Pretax Income 3.07% 51.61% 4.76% 5.44%
Net Earnings -$131.7M $15.80M $1.400M $16.00M $13.80M
YoY Change -933.84% 1028.57% -91.25% 15.94%
Net Earnings / Revenue -75.3% 10.12% 0.95% 11.05% 7.91%
Basic Earnings Per Share
Diluted Earnings Per Share -$9.00 $1.08 $0.10 $1.10 $0.95

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $16.27M $4.700M $4.000M $7.300M
YoY Change 246.15% 17.5% -45.21%
Cash & Equivalents $16.27M $4.700M $4.000M $7.300M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $16.27M $4.700M $4.000M $7.300M
YoY Change 246.15% 17.5% -45.21%
Property, Plant & Equipment $1.172B $1.345B $1.170B $1.534B
YoY Change -12.86% 14.95% -23.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $51.56M
YoY Change
Total Long-Term Assets $1.289B $1.458B $1.271B $1.669B
YoY Change -11.57% 14.7% -23.88%
Total Assets $1.305B $1.462B $1.275B $1.677B
YoY Change
Accounts Payable $59.53M $50.00M $42.80M $58.70M
YoY Change 19.05% 16.82% -27.09%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $60.59M $50.00M $42.80M $58.70M
YoY Change 21.17% 16.82% -27.09%
Long-Term Debt $542.0M $276.1M $149.9M $527.7M
YoY Change 96.3% 84.19% -71.59%
Other Long-Term Liabilities $10.64M $14.70M $16.20M $20.30M
YoY Change -27.6% -9.26% -20.2%
Total Long-Term Liabilities $552.6M $290.8M $166.1M $548.0M
YoY Change 90.04% 75.08% -69.69%
Total Liabilities $628.1M $354.4M $217.2M $624.1M
YoY Change 77.22% 63.17% -65.2%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 14.63M shares 14.62M shares 14.62M shares
Diluted Shares Outstanding 14.63M shares 14.62M shares 14.62M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $460.11 Million

About Net Lease Office Properties

Net Lease Office Properties is a real estate investment trust, which engages in office properties leasing. The company is headquartered in New York City, New York. The company went IPO on 2023-10-27. The firm owns a diversified portfolio of office properties that are primarily leased to corporate tenants on a single-tenant, net-lease basis. The majority of the office properties owned by the Company are located in the United States, with the balance in Europe. NLOP operates as one segment, and through its subsidiaries, owns, operates, and finances office buildings. NLOP owns approximately 47 office properties, comprising 44 properties in the United States, including three remaining properties leased to Blue Cross Blue Shield, and three properties in Europe. The firm's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of property portfolios over time.

Industry: Real Estate Investment Trusts Peers: Alexandria Real Estate Equities Inc Brandywine Realty Trust Franklin Street Properties Corp Office Properties Income Trust Peakstone Realty Trust KBS Real Estate Investment Trust III Inc Paramount Group Inc Piedmont Office Realty Trust Inc Orion Office REIT Inc Postal Realty Trust Inc