Net Lease Office Properties (NLOP) to Distribute Special Dividend of $6.75 on February 17th

Net Lease Office Properties (NYSE:NLOP) announced a special dividend on Tuesday, January 20th. Shareholders of record on Friday, January 30th will be paid a dividend of 6.75 per share on Tuesday, February 17th.

Net Lease Office Properties Trading Down 4.8%

Shares of NYSE NLOP opened at $18.86 on Thursday. Net Lease Office Properties has a 1-year low of $18.73 and a 1-year high of $34.53. The company has a 50-day moving average of $25.24 and a two-hundred day moving average of $28.75. The company has a market cap of $279.41 million, a PE ratio of -1.54 and a beta of 0.80. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11.

Net Lease Office Properties (NYSE:NLOP) last released its quarterly earnings results on Friday, November 7th. The company reported ($4.33) EPS for the quarter. Net Lease Office Properties had a negative net margin of 156.16% and a negative return on equity of 34.31%. The company had revenue of $29.78 million for the quarter. As a group, equities analysts expect that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

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.