NLOP (Net Lease Office Properties) FFO per Share: $3.63 (TTM As of Mar. 2026)

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NLOP Net Lease Office Properties NLOP
46 GF Score
Price $11.71
GF Value $16.56
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Net Lease Office Properties FFO per Share?

Net Lease Office Properties NLOP +0.86% 46 FFO per Share is $3.63 as of Mar. 2026. GuruFocus rates NLOP with a GF Score™ of 46/100 and a GF Value™ of $16.56 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Net Lease Office Properties's FFO per Share for the three months ended in Mar. 2026 was $0.21. Net Lease Office Properties's FFO per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $3.63.

Net Lease Office Properties FFO per Share Related Terms

Net Lease Office Properties FFO per Share Historical Data

* Premium members only.

The historical data trend for Net Lease Office Properties's FFO per Share can be seen below:

* 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 FFO per Share Chart

Net Lease Office Properties Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FFO per Share
Get a 7-Day Free Trial 4.28 5.61 5.39 3.78 4.28

Net Lease Office Properties Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FFO per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 1.03 1.32 1.08 0.21

NLOP vs ONL, FSP, CMCT: FFO per Share Comparison

For the REIT - Office subindustry, Net Lease Office Properties's Price-to-FFO, along with its competitors' market caps and Price-to-FFO 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 Price-to-FFO vs REITs Industry

For the REITs industry and Real Estate sector, Net Lease Office Properties's Price-to-FFO distribution charts can be found below:

* The bar in red indicates where Net Lease Office Properties's Price-to-FFO falls into.


NLOP
46GF Score
Net Lease Office Properties NLOP
FFO per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Net Lease Office Properties FFO per Share Calculation

FFO per Share is the amount of funds from operations per outstanding share of the REITs stock.

Net Lease Office Properties's FFO per Share for the fiscal year that ended in Dec. 2025 is calculated as

FFO per Share (A: Dec. 2025 )=FFO (A: Dec. 2025 /Shares Outstanding (Diluted Average) (A: Dec. 2025 )
=63.359/14.814
=4.28

Net Lease Office Properties's FFO per Share for the quarter that ended in Mar. 2026 is calculated as

FFO per Share (Q: Mar. 2026 )=FFO (Q: Mar. 2026 )/Shares Outstanding (Diluted Average) (Q: Mar. 2026 )
=3.045/14.814
=0.21

FFO per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.63

* 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.

Frequently Asked Questions Learn more about FFO per Share →
What does a FFO per Share of $3.63 mean?
Net Lease Office Properties (NLOP) has a FFO per Share of $3.63 as of Mar. 2026. For REITs, funds from operations equal earnings plus depreciation less gain on sales. View historical data on Net Lease Office Properties and its competitors.
Is Net Lease Office Properties' FFO per Share too high?
Net Lease Office Properties' current FFO per Share is $3.63. Overall, Net Lease Office Properties has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Lease Office Properties' FFO per Share compare to ONL and FSP?
Net Lease Office Properties' FFO per Share of $3.63 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FFO per Share for a REITs company?
A good FFO per Share depends on the REITs industry context. However, FFO per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FFO per Share mean?
A high FFO per Share can signal that a stock is expensive relative to its fundamentals. For REITs, funds from operations equal earnings plus depreciation less gain on sales. View historical data on Net Lease Office Properties and its competitors. Net Lease Office Properties's current FFO per Share is $3.63. 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 $16.56, compared to a current price of $11.71 — trading 29.3% below its estimated fair value. The current FFO per Share is $3.63. Net Lease Office Properties' overall GF Score™ is 46/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FFO per Share calculated?
FFO per Share is calculated from a company's financial statements. For Net Lease Office Properties (NLOP), the current FFO per Share is $3.63 as of Mar. 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 $11.71 is trading 29.3% below its estimated GF Value™ of $16.56. GuruFocus considers Net Lease Office Properties to be Modestly Undervalued.

Key valuation signals for NLOP:

  • FFO per Share: $3.63
  • GF Value™: $16.56 vs. price of $11.71 (29.3% below fair value)
  • GF Score™: 46/100 with 6 warning signs

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 Business Description

Industry Real EstateREITs
Address 395 9th Avenue, 58th Floor, One Manhattan West, New York, NY, USA, 10001
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.
46GF Score

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FFO per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.71
Price
$16.56
GF Value