Net Lease Office Properties (NLOP) vs OFFIC PPTYS IT (OPI)

Net Lease Office Properties and OFFIC PPTYS IT are both Reit Office companies. OFFIC PPTYS IT is the larger, with a market value of $281.9M against $143.8M — 2.0× the size. OFFIC PPTYS IT grew revenue faster over the last twelve months: −5.75% against −35.5%. Net Lease Office Properties has the higher net margin (−59.8% vs −243.2%) and the lower return on invested capital (−13.8% vs −0.24%). Only Net Lease Office Properties pays a dividend (42.6%). Across the 18 metrics below, Net Lease Office Properties leads on 12 and OFFIC PPTYS IT on 6.

Valuation

Metric NLOP OPI Reit Office median
P/E n/m n/m 36.99
P/S 1.88 0.61 2.58
P/B 0.85 0.53 0.80
Price to free cash flow 0.43 n/m 14.01
EV/EBITDA n/m 8.68 12.81
EV/Sales 1.86 4.17 6.93
Earnings yield (31.78%) (324.85%) (5.40%)
Free cash flow yield 233.45% (50.87%) 4.78%

Profitability

Metric NLOP OPI Reit Office median
Gross margin 89.38% 82.33% 60.54%
Operating margin (48.17%) (1.78%) 14.81%
Net margin (59.82%) (243.21%) (14.18%)
Free cash flow margin 438.71% (31.16%) 16.31%
Return on equity (13.52%) (135.72%) (4.67%)
Return on assets (10.44%) (36.07%) (1.65%)
Return on invested capital (13.77%) (0.24%) 1.29%

Growth

Metric NLOP OPI Reit Office median
Revenue growth (TTM) (35.45%) (5.75%) 0.78%
EPS growth (last fiscal year) (58.74%) (44.16%) 8.85%
Revenue growth, 5-year CAGR — (5.52%) 3.91%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric NLOP OPI Reit Office median
Debt to equity 0.13 3.29 1.25
Current ratio 2.37 1.02 2.37
Net debt to EBITDA 1.63 3.53 6.86

Dividend

Metric NLOP OPI Reit Office median
Dividend yield 42.58% 0.00% 4.47%
Payout ratio — — 1.67

Size

Metric NLOP OPI Reit Office median
Market cap 143.84m 281.88m 1.21b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack