Net Lease Office PropertiesNLOP -1.31%46 OCF Margin % is 90.06% as of Mar. 2026, which is 77% above its 10-year median of 50.88. 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 936 REITs companies, Net Lease Office Properties ranks better than 60.58% on this metric.
* 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 OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Net Lease Office Properties's OCF Margin % distribution charts can be found below:
* The bar in red indicates where Net Lease Office Properties's OCF 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 OCF Margin % of 90.06% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Net Lease Office Properties and its competitors. This is 77% above median its historical median of 50.88. Over the past decade, Net Lease Office Properties' OCF Margin % has ranged from 40.56 to 53.95. According to the industry distribution chart, Net Lease Office Properties ranks #369 out of 936 companies in the REITs industry, placing it in the top 39.4%.
Is Net Lease Office Properties' OCF Margin % too high?
Net Lease Office Properties' current OCF Margin % of 90.06% is 77% above median its 10-year median of 50.88. Over the past 10 years, this metric has ranged from a low of 40.56 to a high of 53.95. The REITs industry median OCF Margin % is 49.40. Net Lease Office Properties' value of 90.06% is 82.3% above this industry median. Based on the distribution chart, Net Lease Office Properties ranks #369 out of 936 companies in the REITs industry, which is above the industry midpoint. 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' OCF Margin % compare to ONL and FSP?
According to the REITs industry distribution chart, Net Lease Office Properties ranks #369 out of 936 companies for OCF Margin %. This puts Net Lease Office Properties in the upper half of its industry. The industry median OCF Margin % is 49.40. Net Lease Office Properties' value of 90.06% is 82.3% above this benchmark. Historically, Net Lease Office Properties' own OCF Margin % has ranged from 40.56 to 53.95 over the past decade. While the company's 10-year median is 50.88 vs. the industry median of 49.40, 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 OCF Margin % for a REITs company?
The median OCF Margin % among REITs companies is 49.40, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Net Lease Office Properties's current OCF Margin % of 90.06% is 82.3% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Net Lease Office Properties and its competitors. For the REITs industry, the median OCF Margin % is 49.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Lease Office Properties's current OCF Margin % is 90.06%, which is 77% above median its own 10-year median of 50.88. 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 $11.30 — trading 32.3% below its estimated fair value. The current OCF Margin % is 90.06%, which is 77% above median its 10-year median of 50.88 and 82.3% above the REITs industry median of 49.40. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Net Lease Office Properties (NLOP), the current OCF Margin % is 90.06% 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 $11.30 is trading 32.3% below its estimated GF Value™ of $16.68.
GuruFocus considers Net Lease Office Properties to be Possible Value Trap.
Key valuation signals for NLOP:
OCF Margin %: 90.06% (77% above median its 10-year median of 50.88)
GF Value™: $16.68 vs. price of $11.30 (32.3% below fair value)
Industry Position: 82.3% above the REITs median (#369 of 936)
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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