Net Lease Office PropertiesNLOP -1.83%46 Net Margin % is 276.99% as of Mar. 2026, which is 28753% above its 10-year median of 0.96. GuruFocus rates NLOP with a GF Score™ of 46/100 and a GF Value™ of $16.68 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 928 REITs companies, Net Lease Office Properties ranks worse than 96.66% on this metric.
The historical rank and industry rank for Net Lease Office Properties's Net Margin % or its related term are showing as below:
NLOP'
s Net Margin % Range Over the Past 10 Years
Min: -122.31 Med: 0.96 Max: 11.06
Current: -122.31
NLOP's Net Margin % is ranked worse than 96.66% of 928
companies
in the REITs industry
Industry Median: 45.23
vs NLOP: -122.31
Net Lease Office Properties (NYSE:NLOP) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Net Lease Office Properties Net Margin % Related Terms
Net Lease Office Properties Net Margin % 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.
For the REIT - Office subindustry, Net Lease Office Properties's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Net Lease Office Properties's Net Margin % distribution charts can be found below:
* The bar in red indicates where Net Lease Office Properties's Net Margin % falls into.
* 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 Net Margin % of 276.99% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Net Lease Office Properties and its competitors. This is 28753% above median its historical median of 0.96. According to the industry distribution chart, Net Lease Office Properties ranks #897 out of 928 companies in the REITs industry, placing it in the top 96.7%.
Is Net Lease Office Properties' Net Margin % too high?
Net Lease Office Properties' current Net Margin % of 276.99% is 28753% above median its 10-year median of 0.96. The REITs industry median Net Margin % is 45.23. Net Lease Office Properties' value of 276.99% is 512.4% above this industry median. Based on the distribution chart, Net Lease Office Properties ranks #897 out of 928 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Net Lease Office Properties has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Net Lease Office Properties' Net Margin % compare to ONL and FSP?
According to the REITs industry distribution chart, Net Lease Office Properties ranks #897 out of 928 companies for Net Margin %. This places Net Lease Office Properties in the lower half of its industry. The industry median Net Margin % is 45.23. Net Lease Office Properties' value of 276.99% is 512.4% above this benchmark. While the company's 10-year median is 0.96 vs. the industry median of 45.23, 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Net Lease Office Properties's current Net Margin % of 276.99% is 512.4% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Net Lease Office Properties and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Lease Office Properties's current Net Margin % is 276.99%, which is 28753% above median its own 10-year median of 0.96. 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 $16.68, compared to a current price of $11.24 — trading 32.6% below its estimated fair value. The current Net Margin % is 276.99%, which is 28753% above median its 10-year median of 0.96 and 512.4% above the REITs industry median of 45.23. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Net Lease Office Properties (NLOP), the current Net Margin % is 276.99% 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 $11.24 is trading 32.6% below its estimated GF Value™ of $16.68.
GuruFocus considers Net Lease Office Properties to be Possible Value Trap.
Key valuation signals for NLOP:
Net Margin %: 276.99% (28753% above median its 10-year median of 0.96)
GF Value™: $16.68 vs. price of $11.24 (32.6% below fair value)
Industry Position: 512.4% above the REITs median (#897 of 928)
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.
46GF Score
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