NLOP Stock — Net Lease Office Properties

Net Lease Office Properties (NLOP)

Updated October 16, 2026.

NLOP is a Stock. its trailing-12-month yield is 197.44%. Dividend Vision Distribution Safety Score™ is 44/100 (Unproven). Total return is 59.3% over the past 3 years, 33.4 points behind SPY at 92.7%.

Net Lease Office Properties is a real estate investment trust that owns single-tenant office properties across the United States, leased to corporate tenants in various industries. The REIT currently distributes at a high rate on a variable schedule. This structure appeals to income-focused investors seeking real estate exposure through a publicly traded vehicle.

NLOP performance versus SPY

Price and return data through 2026-10-16.

Total return is 59.3% over the past 3 years, 33.4 points behind SPY at 92.7%. Over the past year its total return — price change plus distributions reinvested — is -4.6%. Its deepest 1-year drawdown was 28.5%.

NLOP key facts

Distribution Safety Score™

44 · Unproven

Asset type

Stock

Asset class

Equity

Inception date

10/27/2023

Distribution frequency

Variable

Trailing yield

197.44%

Last close

$9.75 (as of 2026-10-16)

Market cap

$144,437,231

Average volume

87377.0

Special dividend

$3.30

Ex-dividend date

03/30/2026

Payment date

04/14/2026

Beta

0.962

Payout ratio

0.0%

EPS

$-3.10

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (197.44%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NLOP risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 28.5%.

Who may consider NLOP — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NLOP

• All tickers starting with N

Tagged: Net Lease, REIT, Real Estate, Dividend.

Frequently asked questions