Net Lease Office Properties (NLOP) to Issue Special Dividend of $3.30 on April 14th

Net Lease Office Properties (NYSE:NLOP) announced a special dividend on Thursday, March 19th. Investors of record on Monday, March 30th will be paid a dividend of 3.30 per share on Tuesday, April 14th. The ex-dividend date is Monday, March 30th.

Net Lease Office Properties Stock Performance

Net Lease Office Properties stock opened at $14.67 on Friday. The stock’s 50 day moving average price is $16.40 and its 200 day moving average price is $23.62. The firm has a market capitalization of $217.29 million, a PE ratio of -1.50 and a beta of 0.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.19 and a current ratio of 2.19. Net Lease Office Properties has a one year low of $12.76 and a one year high of $34.53.

Net Lease Office Properties Company Profile

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.