NLOP (Net Lease Office Properties) ROCE %: 39.17% (As of Mar. 2026)


NLOP Net Lease Office Properties NLOP
46 GF Score
Price $11.27
GF Value $16.68
Valuation Possible Value Trap
! 6 Warning Signs
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What is Net Lease Office Properties ROCE %?

Net Lease Office Properties NLOP -1.62% 46 ROCE % is 39.17% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Net Lease Office Properties's annualized ROCE % for the quarter that ended in Mar. 2026 was 39.17%.

Net Lease Office Properties  (NYSE:NLOP) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Net Lease Office Properties ROCE % Related Terms

Net Lease Office Properties ROCE % Historical Data

* Premium members only.

The historical data trend for Net Lease Office Properties's ROCE % can be seen below:

* 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 ROCE % Chart

Net Lease Office Properties Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 2.23 3.26 -6.68 -2.57 -24.43

Net Lease Office Properties Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.38 -45.11 -45.04 0.86 39.17
NLOP
46GF Score
Net Lease Office Properties NLOP
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Net Lease Office Properties ROCE % Calculation

Net Lease Office Properties's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-132.265/( ( (805.069 - 44.145) + (453.371 - 131.656) )/ 2 )
=-132.265/( (760.924+321.715)/ 2 )
=-132.265/541.3195
=-24.43 %

Net Lease Office Properties's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=101.776/( ( (453.371 - 131.656) + (257.982 - 60.043) )/ 2 )
=101.776/( ( 321.715 + 197.939 )/ 2 )
=101.776/259.827
=39.17 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 39.17% mean?
Net Lease Office Properties (NLOP) has a ROCE % of 39.17% as of Mar. 2026.
Is Net Lease Office Properties' ROCE % too high?
Net Lease Office Properties' current ROCE % is 39.17%. The REITs industry median ROCE % is 5.21. Net Lease Office Properties' value of 39.17% is 651.8% above this industry median. 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' ROCE % compare to ONL and FSP?
Net Lease Office Properties' ROCE % of 39.17% can be compared against companies in the REITs industry. The industry median ROCE % is 5.21. Net Lease Office Properties' value of 39.17% is 651.8% 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 ROCE % for a REITs company?
The median ROCE % among REITs companies is 5.21, based on 757 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Net Lease Office Properties's current ROCE % of 39.17% is 651.8% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Lease Office Properties's current ROCE % is 39.17%. 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 $11.27 — trading 32.5% below its estimated fair value. The current ROCE % is 39.17% and 651.8% above the REITs industry median of 5.21. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Net Lease Office Properties (NLOP), the current ROCE % is 39.17% 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 $11.27 is trading 32.5% below its estimated GF Value™ of $16.68. GuruFocus considers Net Lease Office Properties to be Possible Value Trap.

Key valuation signals for NLOP:

  • ROCE %: 39.17%
  • GF Value™: $16.68 vs. price of $11.27 (32.5% below fair value)
  • GF Score™: 46/100 with 6 warning signs
  • Industry Position: 651.8% above the REITs median

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.
46GF Score

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

$11.27
Price
$16.68
GF Value