What is the 13F Pro Quality Score for NLOP?

13F Pro ranks Net Lease Office Properties (NLOP) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NLOP's current score at https://13fpro.ai/research/NLOP (free sign-up required for the full ranking).

Which hedge funds own the most NLOP stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NLOP include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/NLOP as soon as new 13F filings post.

Where does 13F Pro source NLOP data?

All Net Lease Office Properties fundamentals and ownership data come directly from SEC EDGAR. Net Lease Office Properties files with the SEC under CIK 1952976. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NLOP in?

Net Lease Office Properties (NLOP) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

How often is NLOP research updated on 13F Pro?

NLOP's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Net Lease Office Properties(NLOP)Stock Analysis

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SEC EDGAR: CIK 1952976 NLOP stock profile & AI dashboard →

13F Pro Quality Score

26.7/100

Rank #2,494 of 2,879 stocks

View Real Estate peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

1.1/100

Profitability

6.7/100

Balance Sheet

8.6/100

Earnings Quality

30.0/100

Free Cash Flow

93.0/100

Institutional Flow

20.4/100

Revenue Scale

17.3/100

Dilution Risk

94.9/100

NLOP Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Net Lease Office Properties (NLOP), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores NLOP at 26.7/100 on a 32-signal composite quality model, placing it at rank #2,494 of 2,879 stocks — the bottom half of the AI-ranked universe. NLOP scores in the top quartile across free cash flow (93.0). Areas of concern include revenue growth (1.1) and profitability (6.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), Net Lease Office Properties reports quarterly revenue of $9.0M, net income of $25.0M, free cash flow of $8.1M. Top institutional holders of NLOP by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. NLOP trades on the NYSE exchange and files with the SEC under CIK 1952976. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NLOP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Net Lease Office Properties directly from SEC EDGAR. Net Lease Office Properties's 13F Pro composite quality score has ranged between 8 and 40 since 2024, currently 26.7 — a declining long-term trajectory across 43 quarterly and live scoring snapshots.

Revenue

Q1 2026

$9.0M

Net Income

Q1 2026

$25.0M

Free Cash Flow

Q1 2026

$8.1M

D/E Ratio

Q1 2026

0.13

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-18.7% YoY

$142.2MFY 2024

FY21 $147.9MFY22 $156.2MFY23 $175.0MFY24 $142.2M

Net Income

+30.6% YoY

$-91.5MFY 2024

FY21 $1.4MFY22 $15.8MFY23 $-131.7MFY24 $-91.5M

EPS (Diluted)

+31.3% YoY

$-6.18FY 2024

FY21 —FY22 $0.00FY23 $-9.00FY24 $-6.18

Total Assets

-38.3% YoY

$805.1MFY 2024

FY21 —FY22 $1.46BFY23 $1.31BFY24 $805.1M

Total Debt

-68.8% YoY

$169.2MFY 2024

FY21 —FY22 $276.1MFY23 $542.0MFY24 $169.2M

Op. Cash Flow

+1.3% YoY

$71.9MFY 2024

FY21 $75.3MFY22 $84.3MFY23 $71.0MFY24 $71.9M

Metric	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$142.2M -18.7%	$175.0M +12.0%	$156.2M +5.6%	$147.9M	—
Net Income	$-91.5M +30.6%	$-131.7M -934.9%	$15.8M +1012.8%	$1.4M	—
EPS (Diluted)	$-6.18 +31.3%	$-9.00 -9000100.0%	$0.00	—	—
Total Assets	$805.1M -38.3%	$1.31B -10.7%	$1.46B	—	—
Total Debt	$169.2M -68.8%	$542.0M +96.3%	$276.1M	—	—
Operating Cash Flow	$71.9M +1.3%	$71.0M -15.8%	$84.3M +11.9%	$75.3M	—

AI Insight: NLOP Financial Trends

Revenue collapsed 69% from $31M to $9M in Q1 2026 while debt was slashed from $327M to $22M, suggesting aggressive deleveraging amid distressed operations.

• Revenue fell from $39M in Q2 2024 to $9M in Q1 2026, with sharp 70% drop in latest quarter.

• Total debt reduced dramatically from $327M in Q2 2024 to $22M in Q1 2026, decreasing 93%.

• Equity declined from $660M in Q2 2024 to $170M in Q1 2026, falling 74% over seven quarters.

⚠ Operating cash flow dropped to $8M in Q1 2026 from $22M in Q4 2025, reversing recent improvement.

⚠ Net income volatility persists with $25M profit in Q1 2026 after breakeven Q4 2025 performance.

AI Insight: NLOP Ratio Trends

NLOP shows extreme volatility with TTM operating margin at -122.1% despite Q1 2026 ROE recovering to 58.8%.

• Operating margin collapsed from 32.3% in Q2 2024 to -122.1% TTM through Q1 2026.

• ROE swung from -59.7% in Q3 2025 to 58.8% in Q1 2026, showing extreme quarterly volatility.

• Debt-to-equity ratio declined from 0.50 in Q2 2024 to 0.13 in Q1 2026.

⚠ TTM metrics remain deeply negative despite Q1 2026 improvement, indicating persistent underlying issues.

⚠ Missing operating margin data in recent quarters suggests reporting irregularities or business disruption.

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Available Research

13F Pro tracks comprehensive data for Net Lease Office Properties including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NLOP

BlackRock, Inc.
$19.0M1,647,308 sh
VANGUARD CAPITAL MANAGEMENT LLC
$10.1M879,512 sh
STATE STREET CORP
$6.2M419,402 sh
GEODE CAPITAL MANAGEMENT, LLC
$4.2M365,734 sh
MILLENNIUM MANAGEMENT LLC
$3.5M302,928 sh
TWO SIGMA INVESTMENTS, LP
$3.3M284,522 sh
DIMENSIONAL FUND ADVISORS LP
$2.0M172,833 sh
Man Group plc
$2.0M171,768 sh
K2 PRINCIPAL FUND, L.P.
$1.8M160,285 sh
VELA Investment Management, LLC
$1.5M133,780 sh

Fund	Value	Shares
BlackRock, Inc.	$19.0M	1,647,308
VANGUARD CAPITAL MANAGEMENT LLC	$10.1M	879,512
STATE STREET CORP	$6.2M	419,402
GEODE CAPITAL MANAGEMENT, LLC	$4.2M	365,734
MILLENNIUM MANAGEMENT LLC	$3.5M	302,928
TWO SIGMA INVESTMENTS, LP	$3.3M	284,522
DIMENSIONAL FUND ADVISORS LP	$2.0M	172,833
Man Group plc	$2.0M	171,768
K2 PRINCIPAL FUND, L.P.	$1.8M	160,285
VELA Investment Management, LLC	$1.5M	133,780

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Is NLOP a good stock to buy?

13F Pro's AI-powered analysis of Net Lease Office Properties (NLOP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NLOP are available on the NLOP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own NLOP?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NLOP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Net Lease Office Properties's investment landscape.