ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Net Lease Office Properties's annualizedNet Income for the quarter that ended in Mar. 2026 was $99.99 Mil.
Net Lease Office Properties's average Total Assets over the quarter that ended in Mar. 2026 was $355.68 Mil. Therefore, Net Lease Office Properties's annualized ROA % for the quarter that ended in Mar. 2026 was 28.11%.
The historical rank and industry rank for Net Lease Office Properties's ROA % or its related term are showing as below:
NLOP'
s ROA % Range Over the Past 10 Years
Min: -23.09 Med: -4.29 Max: 1.15
Current: -22.47
During the past 7 years, Net Lease Office Properties's highest ROA % was 1.15%. The lowest was -23.09%. And the median was -4.29%.
NLOP's ROA % is ranked worse than 99.36% of 938
companies
in the REITs industry
Industry Median: 3.23
vs NLOP: -22.47
Net Lease Office Properties (NYSE:NLOP) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Net Lease Office Properties's ROA % distribution charts can be found below:
* The bar in red indicates where Net Lease Office Properties's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Net Lease Office Properties (NLOP) has a ROA % of 28.11% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Net Lease Office Properties and its competitors. According to the industry distribution chart, Net Lease Office Properties ranks #932 out of 938 companies in the REITs industry, placing it in the top 99.4%.
Is Net Lease Office Properties' ROA % too high?
Net Lease Office Properties' current ROA % is 28.11%. The REITs industry median ROA % is 3.23. Net Lease Office Properties' value of 28.11% is 770.3% above this industry median. Based on the distribution chart, Net Lease Office Properties ranks #932 out of 938 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' ROA % compare to ONL and FSP?
According to the REITs industry distribution chart, Net Lease Office Properties ranks #932 out of 938 companies for ROA %. This places Net Lease Office Properties in the lower half of its industry. The industry median ROA % is 3.23. Net Lease Office Properties' value of 28.11% is 770.3% 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.23, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Net Lease Office Properties's current ROA % of 28.11% is 770.3% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Net Lease Office Properties and its competitors. For the REITs industry, the median ROA % is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Lease Office Properties's current ROA % is 28.11%. 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 $16.68, compared to a current price of $11.24 — trading 32.6% below its estimated fair value. The current ROA % is 28.11% and 770.3% above the REITs industry median of 3.23. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Net Lease Office Properties (NLOP), the current ROA % is 28.11% 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 $11.24 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:
ROA %: 28.11%
GF Value™: $16.68 vs. price of $11.24 (32.6% below fair value)
Industry Position: 770.3% above the REITs median (#932 of 938)
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
Get the complete analysis for NLOP
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NLOP has been successfully added to your 
