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Net Lease Office PropertiesNLOP -1.17%49 Equity-to-Asset is 0.82 as of Jun. 2026, which is 17% above its 10-year median of 0.70. GuruFocus rates NLOP with a GF Score™ of 49/100 and a GF Value™ of $12.67 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 926 REITs companies, Net Lease Office Properties ranks better than 75.27% on this metric.
Net Lease Office Properties (NYSE:NLOP) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Net Lease Office Properties Equity-to-Asset Related Terms
Net Lease Office Properties Equity-to-Asset Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NLOP vs ONL, FSP, CMCT: Equity-to-Asset Comparison
For the REIT - Office subindustry, Net Lease Office Properties's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Net Lease Office Properties Equity-to-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Net Lease Office Properties's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Net Lease Office Properties's Equity-to-Asset falls into.
Net Lease Office Properties Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Net Lease Office Properties's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Net Lease Office Properties (NLOP) has a Equity-to-Asset of 0.82 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Net Lease Office Properties and its competitors. This is 17% above median its historical median of 0.70. Over the past decade, Net Lease Office Properties' Equity-to-Asset has ranged from 0.52 to 0.83. According to the industry distribution chart, Net Lease Office Properties ranks #229 out of 926 companies in the REITs industry, placing it in the top 24.7%.
Is Net Lease Office Properties' Equity-to-Asset too high?
Net Lease Office Properties' current Equity-to-Asset of 0.82 is 17% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 0.83. The REITs industry median Equity-to-Asset is 0.59. Net Lease Office Properties' value of 0.82 is 39% above this industry median. Based on the distribution chart, Net Lease Office Properties ranks #229 out of 926 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Net Lease Office Properties has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Lease Office Properties' Equity-to-Asset compare to ONL and FSP?
According to the REITs industry distribution chart, Net Lease Office Properties ranks #229 out of 926 companies for Equity-to-Asset. This places Net Lease Office Properties in the top 25% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.59. Net Lease Office Properties' value of 0.82 is 39% above this benchmark. Historically, Net Lease Office Properties' own Equity-to-Asset has ranged from 0.52 to 0.83 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 0.59, Net Lease Office Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a REITs company?
The median Equity-to-Asset among REITs companies is 0.59, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Net Lease Office Properties's current Equity-to-Asset of 0.82 is 39% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Net Lease Office Properties and its competitors. For the REITs industry, the median Equity-to-Asset is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Lease Office Properties's current Equity-to-Asset is 0.82, which is 17% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Lease Office Properties stock overvalued right now?
Based on GuruFocus' analysis, Net Lease Office Properties (NLOP) is currently considered Modestly Undervalued. The stock's GF Value™ is $12.67, compared to a current price of $11.00 — trading 13.2% below its estimated fair value. The current Equity-to-Asset is 0.82, which is 17% above median its 10-year median of 0.70 and 39% above the REITs industry median of 0.59. Net Lease Office Properties' overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Net Lease Office Properties (NLOP), the current Equity-to-Asset is 0.82 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Net Lease Office Properties (NLOP) Overvalued in 2026?
Based on GuruFocus' analysis, Net Lease Office Properties stock appears to be undervalued.
The current stock price of $11.00 is trading 13.2% below its estimated GF Value™ of $12.67.
GuruFocus considers Net Lease Office Properties to be Modestly Undervalued.
Key valuation signals for NLOP:
Equity-to-Asset: 0.82 (17% above median its 10-year median of 0.70)
GF Value™: $12.67 vs. price of $11.00 (13.2% below fair value)
Industry Position: 39% above the REITs median (#229 of 926)
No single metric tells the full story. See the NLOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Net Lease Office Properties is a Maryland real estate investment trust that, together with its consolidated subsidiaries, owns, operates, and finances a diversified portfolio of office properties mainly leased to corporate tenants on a single-tenant, net-lease basis. The company operates as a single operating and reportable segment focused on owning and managing office properties that generate revenue mainly from long-term lease agreements with tenants.
49GF Score
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