NLOP (Net Lease Office Properties) Moat Score: 3/10 (As of Jul. 01, 2026)


NLOP Net Lease Office Properties NLOP
42 GF Score
Price $11.27
GF Value $16.65
Valuation Possible Value Trap
! 6 Warning Signs
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What is Net Lease Office Properties Moat Score?

Net Lease Office Properties NLOP +1.26% 42 Moat Score is 3 as of Jul. 01, 2026. GuruFocus rates NLOP with a GF Score™ of 42/100 and a GF Value™ of $16.65 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 990 REITs companies, Net Lease Office Properties ranks better than 77.07% on this metric.

Net Lease Office Properties has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

Net Lease Office Properties has No Moat: Net Lease Office Properties faces significant competition in the real estate sector with no substantial cost advantages or brand strength. The lack of unique assets or significant barriers to entry results in a weak competitive position.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Net Lease Office Properties might have No Moat - Very weak/transient advantages.

Net Lease Office Properties  (NYSE:NLOP) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Net Lease Office Properties Moat Score Related Terms

NLOP vs ONL, FSP, CMCT: Moat Score Comparison

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

For the REITs industry and Real Estate sector, Net Lease Office Properties's Moat Score distribution charts can be found below:

* The bar in red indicates where Net Lease Office Properties's Moat Score falls into.


NLOP
42GF Score
Net Lease Office Properties NLOP
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 3 mean?
Net Lease Office Properties (NLOP) has a Moat Score of 3 as of Jul. 01, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Net Lease Office Properties ranks #227 out of 990 companies in the REITs industry, placing it in the top 22.9%.
Is Net Lease Office Properties' Moat Score too high?
Net Lease Office Properties' current Moat Score is 3. Based on the distribution chart, Net Lease Office Properties ranks #227 out of 990 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 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Net Lease Office Properties' Moat Score compare to ONL and FSP?
According to the REITs industry distribution chart, Net Lease Office Properties ranks #227 out of 990 companies for Moat Score. This places Net Lease Office Properties in the top 23% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a REITs company?
A good Moat Score depends on the REITs industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Net Lease Office Properties's current Moat Score is 3. 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 Possible Value Trap. The stock's GF Value™ is $16.65, compared to a current price of $11.27 — trading 32.3% below its estimated fair value. The current Moat Score is 3. Net Lease Office Properties' overall GF Score™ is 42/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Net Lease Office Properties (NLOP), the current Moat Score is 3 as of Jul. 01, 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 $11.27 is trading 32.3% below its estimated GF Value™ of $16.65. GuruFocus considers Net Lease Office Properties to be Possible Value Trap.

Key valuation signals for NLOP:

  • Moat Score: 3
  • GF Value™: $16.65 vs. price of $11.27 (32.3% below fair value)
  • GF Score™: 42/100 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.
42GF Score

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

$11.27
Price
$16.65
GF Value