Is NLOP or NSA more undervalued in 2026?

CirclFi compares Net Lease Office Properties (NLOP) and National Storage Affiliates Tru (NSA) using 13 institutional-grade valuation models. NLOP has a Quality of Company score of 6.3/10 while NSA scores 9.4/10.

Which is a better buy — NLOP or NSA?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do NLOP and NSA valuations compare?

NLOP at $12.01 and NSA at $42.65 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NLOP vs NSA Valuation Comparison 2026 — Intrinsic Value Analysis

NLOP

Real Estate Investment Trusts

Net Lease Office Properties

Quality

6.3

out of 10

Value Trap

LOW

Price

$12.01

Last close

Models

9/13

Active

NSA

Real Estate Investment Trusts

National Storage Affiliates Tru

Quality

9.4

out of 10

Value Trap

LOW

Price

$42.65

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	NLOP Fair Value	NLOP Upside	NSA Fair Value	NSA Upside
Bayesian DCF	Intrinsic	$50.89	+323.7%	$40.09	-6.0%
Earnings Power Value	Intrinsic	—	—	$14.63	-65.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$3.35	-72.1%	—	—
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for NLOP vs NSA — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

NLOP vs NSA — Which Stock Is More Undervalued?

NSA scores higher with a 9.4/10 quality rating vs NLOP's 6.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Net Lease Office Properties (NLOP) and National Storage Affiliates Tru (NSA) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

NLOP currently trades at $12.01 with a QOC of 6.3/10, while NSA trades at $42.65 with a QOC of 9.4/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).