Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Net Lease Office Properties's annualized net income for the quarter that ended in Mar. 2026 was $99.99 Mil. Net Lease Office Properties's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $231.97 Mil. Therefore, Net Lease Office Properties's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 43.11%.
The historical rank and industry rank for Net Lease Office Properties's Return-on-Tangible-Equity or its related term are showing as below:
NLOP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -33.2 Med: -7.21 Max: 1.52
Current: -30.55
During the past 7 years, Net Lease Office Properties's highest Return-on-Tangible-Equity was 1.52%. The lowest was -33.20%. And the median was -7.21%.
NLOP's Return-on-Tangible-Equity is ranked worse than 98.07% of 935
companies
in the REITs industry
Industry Median: 6.23
vs NLOP: -30.55
Net Lease Office Properties (NYSE:NLOP) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Net Lease Office Properties Return-on-Tangible-Equity Related Terms
Net Lease Office Properties Return-on-Tangible-Equity 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.
Net Lease Office Properties Return-on-Tangible-Equity Chart
NLOP vs ONL, FSP, CMCT: Return-on-Tangible-Equity Comparison
For the REIT - Office subindustry, Net Lease Office Properties's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Net Lease Office Properties's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Net Lease Office Properties's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 43.11% mean?
Net Lease Office Properties (NLOP) has a Return-on-Tangible-Equity of 43.11% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Net Lease Office Properties and its competitors. According to the industry distribution chart, Net Lease Office Properties ranks #917 out of 935 companies in the REITs industry, placing it in the top 98.1%.
Is Net Lease Office Properties' Return-on-Tangible-Equity too high?
Net Lease Office Properties' current Return-on-Tangible-Equity is 43.11%. The REITs industry median Return-on-Tangible-Equity is 6.23. Net Lease Office Properties' value of 43.11% is 592% above this industry median. Based on the distribution chart, Net Lease Office Properties ranks #917 out of 935 companies in the REITs industry, which is in the bottom quartile 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' Return-on-Tangible-Equity compare to ONL and FSP?
According to the REITs industry distribution chart, Net Lease Office Properties ranks #917 out of 935 companies for Return-on-Tangible-Equity. This places Net Lease Office Properties in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Net Lease Office Properties' value of 43.11% is 592% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Net Lease Office Properties's current Return-on-Tangible-Equity of 43.11% is 592% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Net Lease Office Properties and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Lease Office Properties's current Return-on-Tangible-Equity is 43.11%. 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 $16.63, compared to a current price of $11.05 — trading 33.5% below its estimated fair value. The current Return-on-Tangible-Equity is 43.11% and 592% above the REITs industry median of 6.23. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Net Lease Office Properties (NLOP), the current Return-on-Tangible-Equity is 43.11% 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 $11.05 is trading 33.5% below its estimated GF Value™ of $16.63.
GuruFocus considers Net Lease Office Properties to be Possible Value Trap.
Key valuation signals for NLOP:
Return-on-Tangible-Equity: 43.11%
GF Value™: $16.63 vs. price of $11.05 (33.5% below fair value)
Industry Position: 592% above the REITs median (#917 of 935)
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.
42GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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