Analyst Price Target is $46.00
▲ +41.45% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Net Lease Office Properties in the last 3 months. The average price target is $46.00, with a high forecast of $46.00 and a low forecast of $46.00. The average price target represents a 41.45% upside from the last price of $32.52.
Current Consensus is
Buy
The current consensus among 1 investment analysts is to buy stock in Net Lease Office Properties.
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC's extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.
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