Net Lease Office Properties (NLOP) Fair Value 2026

NLOP · REIT - Office ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.2 /10

32 fundamental signals · 2 models active

Value Trap Risk

LOW (33/100)

Quick Summary — As of 2026-08-27, Net Lease Office Properties (NLOP) trades at $11.51, versus a $16.52 median fair value across its 2 active models — 43.6% above the current price. QOC: 6.2/10. Value Trap Risk: 33/100 (LOW). 2/13 models active.

Key Facts

Ticker
NLOP
Price
$11.51
Quality Score
6.2/10
Value Trap Risk
33/100
Models Active
2/13
Last Updated
Strength: Markov DDM suggests +92.6% upside with 50% confidence
Risk: Limited model coverage (2/13) may reduce confidence

Is Net Lease Office Properties (NLOP) Undervalued or Overvalued in 2026?

According to CirclFi’s 2-model valuation engine, Net Lease Office Properties (NLOP) appears undervalued as of : the median of 2 independent fair value estimates is $16.52, 43.6% above the current price of $11.51. Estimates range from $10.88 to $22.17. NLOP scores 6.2/10 on fundamental quality and 33/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. NLOP’s +43.6% gap is wider than that market norm, and the REIT - Office sector median is -3.1%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Net Lease Office Properties Stock in 2026? →

What Fair Value Does Each Model Give NLOP?

2 Intrinsic Value Models vs. Current Price ($11.51)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $22.17 +92.6%
Asset-Based · Medium Conviction
 $10.88 -5.4%

All Models Active

All 2 models are displayed above.

What Is Net Lease Office Properties (NLOP) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Net Lease Office Properties's intrinsic value is estimated at $16.52, presenting a divided outlook at the current price of $11.51. With a median implied return of +43.6% across a split 1–1 (bull–bear) consensus, the model spread of +98.0% underscores analytical uncertainty. Notably, Markov DDM sees the most upside at +92.6% (fair value: $22.17), while Dynamic NAV is the most conservative at -5.4% ($10.88). The spread between these extremes — +98.0% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About NLOP?

2 of 13 models are currently active for NLOP. Of these, 1 model suggests upside while 1 model suggests overvaluation. Taken together, their median fair value for NLOP is $16.52 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does NLOP Rank in REIT - Office?

Among 22 REIT - Office stocks, NLOP ranks #15 by Quality of Company score. CirclFi's QOC score of 6.2/10 evaluates 32 fundamental signals. A score of 6.2 indicates above-average quality.

As a REIT, Net Lease Office Properties operates in a sector where same-property NOI growth is a critical driver of valuation. Investors evaluating NLOP should weigh these sector-specific dynamics alongside our model-derived fair values.

Is NLOP a Value Trap?

CirclFi's Value Trap algorithm assigns NLOP a score of 33/100 (LOW). This indicates low risk. The financial profile does not exhibit typical value trap warning signs. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

2 of 13 models are active for Net Lease Office Properties. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, Net Lease Office Properties's fundamental quality profile registers 6.2/10. This respectable score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +98.0% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every NLOP valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across NLOP's 2 active models, average confidence is 49%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Net Lease Office Properties Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar REIT - Office Stocks Should You Also Analyze?

11 related REIT - Office stocks with 13-model coverage

SLGSL Green Realty Corp.QOC 6.3BDNBrandywine Realty TrustQOC 5.9AREAlexandria Real Estate Equities, Inc.QOC 6.4ONLOrion Properties Inc.QOC 5.8DEIDouglas Emmett, Inc.QOC 6.4HPPHudson Pacific Properties, Inc.QOC 5.5PDMPiedmont Realty Trust, Inc.QOC 5.4CDPCOPT Defense PropertiesQOC 7.8HIWHighwoods Properties, Inc.QOC 7.3PSTLPostal Realty Trust, Inc.QOC 8.3KRCKilroy Realty CorporationQOC 8.1

Read investment analysis: SLG · BDN · ARE · ONL · DEI · HPP · PDM · CDP · HIW · PSTL · KRC

Which Other Stocks Have a Similar Quality Score to NLOP?

7 companies across all industries closest to NLOP’s Quality of Company score of 6.2/10.

YYAIAiRWA Inc.QOC 6.2SPIRSpire Global, Inc.QOC 6.2WSBKWinchester Bancorp, Inc.QOC 6.2SARSaratoga Investment Corp.QOC 6.2ATHEAlterity Therapeutics LimitedQOC 6.2DXLGDestination XL Group, Inc.QOC 6.2NVDANVIDIA CorporationQOC 10.0

Read investment analysis: YYAI · SPIR · WSBK · SAR · ATHE · DXLG · NVDA

What Else Do Investors Ask About Net Lease Office Properties’s Valuation?

What is Net Lease Office Properties's intrinsic value in 2026?

CirclFi puts Net Lease Office Properties (NLOP)'s intrinsic value at $16.52 — the median of 2 independent model estimates as of 2026-08-27, ranging from $10.88 to $22.17. The Quality of Company score is 6.2/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is NLOP overvalued or undervalued right now?

At $11.51, 1 of 2 active models suggest NLOP may be undervalued, while 1 indicate potential overvaluation. The median of all 2 fair value estimates is $16.52, 43.6% above the current price of $11.51 — a consensus view that NLOP is undervalued. The assessment depends on which methodology best fits Net Lease Office Properties's business model in REIT - Office.

What does a Quality of Company score of 6.2 mean for NLOP?

Net Lease Office Properties's QOC of 6.2/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on NLOP?

CirclFi analyzes NLOP with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 2 of 13 are active for this stock. Read the full methodology →

Is NLOP a value trap in 2026?

Net Lease Office Properties's Value Trap score is 33/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap. Browse stocks by value-trap risk →

Cite this analysis — “According to CirclFi’s 2-model valuation engine, Net Lease Office Properties (NLOP) has a median fair value of $16.52 — 43.6% above the current price of $11.51 — as of 2026-08-27.” Source: circlfi.com/stock/NLOP/ · Methodology
Primary sources for this NLOP valuation
  • Financial statements: Net Lease Office Properties 10-K and 10-Q filings on SEC EDGAR (CIK 0001952976) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for NLOP as of ; valuations recomputed .