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Net Lease Office Properties Announces Sales of Three Office Properties Totaling $132 Million
PRNewswire (Thu, 2-May 7:30 AM ET)
Net Lease Office Properties is a real estate investment trust. Through its subsidiaries it owns, operates, and finances office buildings. Its properties are primarily leased to corporate tenants on a single-tenant, net-lease basis. Its portfolio includes approximately 1.5 million square feet of Green-Certified Buildings, 4 LEED-Certified Buildings, and 1 BREEAM-Certified Building.
Net Lease Office Properties Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol NLOP.
As of May 8, 2024, NLOP stock price declined to $24.22 with 210,097 million shares trading.
NLOP has a beta of 1.10, meaning it tends to be more sensitive to market movements. NLOP has a correlation of 0.04 to the broad based SPY ETF.
NLOP has a market cap of $354.12 million. This is considered a Small Cap stock.
The top ETF exchange traded funds that NLOP belongs to (by Net Assets): VNQ, VTI, VXF, SCHH, FLQL.
NLOP support price is $23.69 and resistance is $25.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NLOP stock will trade within this expected range on the day.