Net Lease Office Properties
NLOP Real Estate Reit Office
Net Lease Office Properties' revenue for fiscal 2025 (year ended December 2025) was $118.9 million, down 16.4% from fiscal 2024. In the quarter to June 2026, revenue fell 78.2%, EPS grew 92.4%, free cash flow fell 91.5% and total debt fell 81.3%, each against the same quarter a year earlier.
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Net Lease Office Properties (NLOP) EV/Sales
As of 16 October 2026, Net Lease Office Properties (NLOP) trades at a EV/Sales of 1.9×. Over the past ten years it has ranged from 0.6× (March 2026) to 5.0× (February 2024); the current reading is higher than 24% of that period. That is below the Reit Office industry median of 6.9× and below the Real Estate sector median of 7.6×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 2.4× | (39.52%) |
| FY2024 | 4.0× | (6.50%) |
| FY2023 | 4.2× | 151.76% |
| FY2022 | 1.7× | 0.00% |
| FY2021 | 1.7× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 2.1× | 73.96% |
| Mar 2026 | 1.2× | (48.34%) |
| Dec 2025 | 2.4× | (37.78%) |
| Sep 2025 | 3.8× | (16.80%) |
| 11 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| NLOP Net Lease Office Properties | 1.9× |
| FSP Franklin Street Properties Corp. compare | 2.6× |
| CMCT Creative Media & Community Trust Corporation compare | 4.2× |
| HPP Hudson Pacific Properties, Inc. compare | 4.9× |
| ONL Orion Office REIT Inc. compare | 5.9× |
| PDM Piedmont Realty Trust, Inc. compare | 5.9× |
| BDN Brandywine Realty Trust compare | 6.1× |
| DEA Easterly Government Properties, Inc. compare | 6.7× |
| PSTL Postal Realty Trust, Inc. compare | 9.2× |
| Reit Office industry median | 6.9× |
| Real Estate sector median | 7.6× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)