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Net Lease Office Properties (NLOP)

USD11.33 -0.04 (-0.35%)
US NYSE Real Estate REIT - Office
Address One Manhattan West 10001
New York City, MD, US
CEO Jason E. Fox
IPO 2023-11-02
CIK 1952976 ISIN US64110Y1082

Explore sections of this company profile

Description

Net Lease Office Properties (NLOP) is a publicly traded real estate investment trust that holds a portfolio of 59 premium office assets. These properties encompass approximately 8.7 million square feet of leasable space, primarily leased to corporate occupants under single-tenant net lease agreements. While the majority of these office buildings are situated in the United States, a portion is located in Europe. The portfolio boasts 62 corporate tenants from a variety of industries, collectively contributing around $145 million in annualized base rent. NLOP's strategic objective is to enhance shareholder value through proactive asset management and the eventual divestment of its real estate holdings. Given its profound familiarity with the portfolio, NLOP leverages external management and advisory services from wholly-owned subsidiaries of WPC, ensuring effective execution of its business strategy. WPC brings over five decades of expertise in the single-tenant office real estate sector, demonstrating a strong track record in operating, leasing, acquiring, and developing assets across diverse market conditions.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD11.33 -0.04 (-0.35%)
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Volume Profile
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Liquidity & share structure
Average Volume
159.8K
Beta
0.95
Float Shares
14.72M
Free Float %
99.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.09% -9.31% -0.84% -40.51% -60.30% -54.32% -60.94% -39.28% -39.28% -39.28% -39.28%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Buy
Price Targets & DCF
Current price
11.33
Low 73.00 +544.3%
Consensus 73.00 +544.3%
Median 73.00 +544.3%
High 73.00 +544.3%
DCF (Unlevered) 18.28 +61.3%
DCF (Levered) 33.83 +198.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2025-11 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year
All Time 1
73.00
+544.3%
Quality scores
Altman Z-Score
1.61
Distress
Piotroski F-Score
4 / 9
Average
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
  • Revenue growth
    -16.4% Q1'26: -68.0% (vs Q1'25)
  • EPS growth
    -58.7% Q1'26: +4,990.4% (vs Q1'25)
  • FCF margin
    Q1'26: +79.9% (vs Q1'25)
  • EBIT margin
    Q1'26: +271.9% (vs Q1'25)
  • ROIC
    Q1'26: +98.4% (vs Q1'25)
  • Share dilution
    +0.2% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA
    -0.24× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.00) × ERP
WACC = 90% × Ke + 10% × Kd (57.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 18.23 Current price: 11.33
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2024
actual
Dec 2025
actual
Revenue
142.25M
est: 141.40M (+0.6%)
118.92M
est: 107.10M (+11.0%)
EBITDA
53.13M
est: 24.71M (+115.0%)
-93.46M
est: 18.71M (-599.4%)
EBIT
-25.81M
est: -33.88M (+23.8%)
-132.27M
est: -25.66M (-415.4%)
Net Income
-91.47M
est: 39.11M (-333.9%)
-145.26M
SGA
7.52M
est: 12.01M (-37.4%)
7.31M
est: 9.10M (-19.6%)
EPS
-6.18
est: 2.64 (-334.1%)
-9.81
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-05-06 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-05-05 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-05-04 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-05-01 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-04-30 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-04-29 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-04-28 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-04-27 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-109.25M
OE per share TTM
-7.37
Owner's Yield
-56.25%
Maintenance CapEx ratio
529.38%
Maint CapEx / Avg PPE
453.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
108
Total invested
8.87M
Insider transactions (90d)
0
Beneficial owners (>5%)
7
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 The Vanguard Group - 23-1945930 1.47M 10.08% 16.1K 1.44M 33.8K IA Pennsylvania 2023-12-08
2 (1) BlackRock, Inc. 1.23M 8.30% 1.21M 1.21M HC Delaware 2024-11-08
3 John Khoury 1.09M 7.40% 1.09M HC, IN Canadian Citizen 2024-02-13
4 Long Pond Capital GP, LLC 1.09M 7.40% 1.09M HC, OO Delaware 2024-02-13
5 Long Pond Capital, LP 1.09M 7.40% 1.09M IA, PN Delaware 2024-02-13
6 Morgan Stanley 759.0K 5.20% 13.00 729.6K 13.00 HC, CO 2024-02-08
7 Long Pond U.S. Master, LP 749.8K 5.10% 749.8K PN Delaware 2024-02-13

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
108
-143 vs prev Q
New positions
17
Closed positions
158
Increased
40
Reduced
19
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 VANGUARD GROUP INC 1.61M +3.2K (+0.2%) 41.47M -6.1M (-12.9%) 10.85% +0.021 pp 0.00% 0.000 pp USD19.47 +32.5% 9 qtrs
2 BLACKROCK, INC. 1.37M +13.4K (+1.0%) 35.45M -4.9M (-12.2%) 9.28% +0.090 pp 0.00% 0.000 pp USD30.61 -15.7% 6 qtrs
3 ASSET VALUE INVESTORS LTD 762.3K -5.8K (-0.8%) 19.66M -3.1M (-13.7%) 5.15% -0.039 pp 16.79% +0.230 pp USD31.26 -17.5% 5 qtrs
4 THOMPSON SIEGEL & WALMSLEY LLC 525.0K +243.6K (+86.6%) 13.54M +5.2M (+62.2%) 3.54% +1.644 pp 0.23% +0.092 pp USD28.69 -10.1% 5 qtrs
5 J. GOLDMAN & CO LP 516.0K -85.1K (-14.2%) 13.31M -4.5M (-25.4%) 3.48% -0.575 pp 0.35% -0.098 pp USD20.75 +24.3% 9 qtrs
6 GEODE CAPITAL MANAGEMENT, LLC 425.1K +7.6K (+1.8%) 10.97M -1.4M (-11.5%) 2.87% +0.052 pp 0.00% 0.000 pp USD21.98 +17.3% 9 qtrs
7 STATE STREET CORP 415.0K +3.2K (+0.8%) 10.70M -1.5M (-12.4%) 2.80% +0.021 pp 0.00% 0.000 pp USD20.69 +24.6% 9 qtrs
8 DIMENSIONAL FUND ADVISORS LP 194.8K +741.0 (+0.4%) 5.02M -731.7K (-12.7%) 1.31% +0.005 pp 0.00% 0.000 pp USD19.23 +34.1% 9 qtrs
9 MILLENNIUM MANAGEMENT LLC 163.7K +126.3K (+337.6%) 4.22M +3.1M (+280.5%) 1.10% +0.852 pp 0.00% +0.001 pp USD26.67 -3.3% 8 qtrs
10 K2 PRINCIPAL FUND, L.P. 154.5K +9.7K (+6.7%) 3.98M -310.2K (-7.2%) 1.04% +0.066 pp 0.32% -0.028 pp USD24.91 +3.5% 8 qtrs
11 NORTHERN TRUST CORP 107.1K -8.5K (-7.3%) 2.76M -665.5K (-19.4%) 0.72% -0.057 pp 0.00% 0.000 pp USD25.18 +2.4% 9 qtrs
12 MORGAN STANLEY 106.5K +1.1K (+1.1%) 2.75M -379.3K (-12.1%) 0.72% +0.008 pp 0.00% +0.000 pp USD19.44 +32.7% 9 qtrs
13 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 101.7K -10.3K (-9.2%) 2.62M -698.6K (-21.0%) 0.69% -0.069 pp 0.00% -0.001 pp USD30.76 -16.2% 8 qtrs
14 VELA INVESTMENT MANAGEMENT, LLC 94.3K +22.0K (+30.4%) 2.43M +287.2K (+13.4%) 0.64% +0.148 pp 0.57% +0.049 pp USD29.79 -13.4% 4 qtrs
15 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 84.8K +24.9K (+41.6%) 2.19M +410.3K (+23.1%) 0.57% +0.168 pp 2.01% +0.200 pp USD30.57 -15.6% 3 qtrs
16 DRW SECURITIES, LLC 79.8K -21.0K (-20.9%) 2.06M -879.3K (-29.9%) 0.54% -0.142 pp 0.05% +0.001 pp USD31.07 -17.0% 6 qtrs
17 GABELLI & CO INVESTMENT ADVISERS, INC. 77.6K -35.6K (-31.5%) 2.00M -1.4M (-40.4%) 0.52% -0.240 pp 0.30% -0.238 pp USD26.67 -3.3% 8 qtrs
18 TWO SIGMA INVESTMENTS, LP 70.1K -32.2K (-31.4%) 1.81M -1.2M (-40.4%) 0.47% -0.217 pp 0.00% -0.002 pp USD29.66 -13.0% 7 qtrs
19 RANGELEY CAPITAL, LLC 68.5K -1.5K (-2.2%) 1.77M -310.1K (-14.9%) 0.46% -0.010 pp 1.47% -0.330 pp USD31.21 -17.4% 5 qtrs
20 68.0K +68.0K (+100.0%) 1.75M +1.8M (+100.0%) 0.46% +0.459 pp 0.85% +0.851 pp USD25.79 +0.0% 1 qtrs NEW
21 RAYMOND JAMES FINANCIAL INC 58.3K +1.7K (+3.0%) 1.50M -175.0K (-10.4%) 0.39% +0.012 pp 0.00% 0.000 pp USD29.76 -13.3% 5 qtrs
22 MAN GROUP PLC 57.9K +34.2K (+143.8%) 1.49M +789.0K (+112.0%) 0.39% +0.231 pp 0.00% +0.001 pp USD26.59 -3.0% 8 qtrs
23 BANK OF NEW YORK MELLON CORP 56.3K +13.0 (+0.0%) 1.45M -217.6K (-13.0%) 0.38% +0.000 pp 0.00% 0.000 pp USD22.66 +13.8% 9 qtrs
24 MAREX GROUP PLC 50.8K +7.2K (+16.4%) 1.31M +16.0K (+1.2%) 0.34% +0.048 pp 0.01% -0.001 pp USD30.89 -16.5% 3 qtrs
25 MARTINGALE ASSET MANAGEMENT L P 50.6K +389.0 (+0.8%) 1.30M -184.2K (-12.4%) 0.34% +0.003 pp 0.03% -0.004 pp USD31.57 -18.3% 5 qtrs
26 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 44.0K +8.0 (+0.0%) 1.13M -169.9K (-13.0%) 0.30% +0.000 pp 0.00% +0.000 pp USD21.05 +22.5% 9 qtrs
27 GOLDMAN SACHS GROUP INC 43.5K -14.3K (-24.8%) 1.12M -593.0K (-34.6%) 0.29% -0.097 pp 0.00% 0.000 pp USD27.89 -7.5% 9 qtrs
28 RENAISSANCE TECHNOLOGIES LLC 41.2K -66.3K (-61.7%) 1.06M -2.1M (-66.7%) 0.28% -0.448 pp 0.00% -0.003 pp USD29.65 -13.0% 9 qtrs
29 MEEDER ASSET MANAGEMENT INC 38.3K +2.7K (+7.5%) 989.0K -69.3K (-6.5%) 0.26% +0.018 pp 0.05% -0.007 pp USD30.77 -16.2% 4 qtrs
30 PRICE T ROWE ASSOCIATES INC /MD/ 37.7K +12.7K (+51.1%) 972.0K +233.0K (+31.5%) 0.25% +0.086 pp 0.00% +0.000 pp USD22.23 +16.0% 9 qtrs
31 LPL FINANCIAL LLC 34.7K +291.0 (+0.8%) 893.7K -125.5K (-12.3%) 0.23% +0.002 pp 0.00% 0.000 pp USD21.35 +20.8% 9 qtrs
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 32.4K -38.6K (-54.4%) 835.6K -1.3M (-60.3%) 0.22% -0.261 pp 0.00% 0.000 pp USD29.66 -13.0% 7 qtrs
33 JBF CAPITAL, INC. 32.2K +— (+0.0%) 831.2K -124.7K (-13.0%) 0.22% +0.000 pp 0.12% -0.016 pp USD20.47 +26.0% 9 qtrs
34 NUVEEN, LLC 31.6K +— (+0.0%) 814.8K -122.3K (-13.0%) 0.21% +0.000 pp 0.00% +0.000 pp USD31.38 -17.8% 4 qtrs
35 KORNITZER CAPITAL MANAGEMENT INC /KS 31.4K +— (+0.0%) 810.6K -121.6K (-13.0%) 0.21% +0.000 pp 0.02% -0.002 pp USD23.34 +10.5% 8 qtrs
36 COMMONWEALTH EQUITY SERVICES, LLC 29.5K -2.6K (-8.0%) 761.7K -190.3K (-20.0%) 0.20% -0.017 pp 0.00% 0.000 pp USD23.34 +10.5% 8 qtrs
37 FMR LLC 28.1K -1.1K (-3.7%) 725.0K -141.1K (-16.3%) 0.19% -0.007 pp 0.00% +0.000 pp USD18.63 +38.4% 9 qtrs
38 CORONATION FUND MANAGERS LTD. 25.3K +10.1K (+66.3%) 651.5K +200.9K (+44.6%) 0.17% +0.068 pp 0.03% +0.006 pp USD29.15 -11.5% 4 qtrs
39 INVESCO LTD. 25.0K +3.2K (+14.8%) 644.9K -971.0 (-0.2%) 0.17% +0.022 pp 0.00% +0.000 pp USD30.61 -15.7% 9 qtrs
40 STATE OF WISCONSIN INVESTMENT BOARD 24.2K +13.9K (+133.9%) 624.4K +317.4K (+103.4%) 0.16% +0.094 pp 0.00% +0.001 pp USD27.44 -6.0% 2 qtrs
41 QUBE RESEARCH & TECHNOLOGIES LTD 23.7K -4.9K (-17.0%) 612.1K -236.1K (-27.8%) 0.16% -0.033 pp 0.00% 0.000 pp USD29.66 -13.0% 2 qtrs
42 BARCLAYS PLC 23.6K +3.6K (+18.3%) 607.9K -2.2K (-0.4%) 0.16% +0.025 pp 0.00% +0.000 pp USD28.30 -8.9% 9 qtrs
43 NOMURA ASSET MANAGEMENT CO LTD 23.1K +2.0K (+9.5%) 596.8K -30.2K (-4.8%) 0.16% +0.014 pp 0.00% 0.000 pp USD21.18 +21.8% 9 qtrs
44 BROWN ADVISORY INC 22.8K -52.0 (-0.2%) 588.0K -89.8K (-13.2%) 0.15% 0.000 pp 0.00% 0.000 pp USD18.48 +39.6% 9 qtrs
45 LOS ANGELES CAPITAL MANAGEMENT LLC 19.7K +12.8K (+183.9%) 572.0K +366.3K (+178.1%) 0.13% +0.086 pp 0.00% +0.001 pp USD27.15 -5.0% 2 qtrs
46 RHUMBLINE ADVISERS 21.5K -3.2K (-13.0%) 553.9K -178.7K (-24.4%) 0.15% -0.022 pp 0.00% 0.000 pp USD21.83 +18.1% 9 qtrs
47 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 20.8K -560.0 (-2.6%) 535.7K -97.0K (-15.3%) 0.14% -0.004 pp 0.00% 0.000 pp USD18.87 +36.7% 9 qtrs
48 JPMORGAN CHASE & CO 20.7K +2.4K (+13.2%) 533.7K -8.3K (-1.5%) 0.14% +0.016 pp 0.00% +0.000 pp USD26.66 -3.3% 9 qtrs
49 BANK OF AMERICA CORP /DE/ 20.7K +8.4K (+68.7%) 532.8K +169.5K (+46.7%) 0.14% +0.057 pp 0.00% +0.000 pp USD23.87 +8.0% 9 qtrs
50 ASSET MANAGEMENT ONE CO., LTD. 20.1K +— (+0.0%) 515.7K -79.5K (-13.4%) 0.14% +0.000 pp 0.00% 0.000 pp USD18.53 +39.2% 9 qtrs
51 WELLS FARGO & COMPANY/MN 19.8K +5.5K (+38.6%) 510.2K +86.8K (+20.5%) 0.13% +0.037 pp 0.00% +0.000 pp USD25.27 +2.1% 9 qtrs
52 CORSAIR CAPITAL MANAGEMENT, L.P. 19.3K -10.0K (-34.1%) 498.2K -371.3K (-42.7%) 0.13% -0.068 pp 0.08% -0.066 pp USD24.00 +7.5% 9 qtrs
53 QUANTBOT TECHNOLOGIES LP 17.9K +13.0K (+260.6%) 462.8K +315.2K (+213.5%) 0.12% +0.088 pp 0.02% +0.011 pp USD26.55 -2.9% 8 qtrs
54 MARINER, LLC 17.2K -17.1K (-49.8%) 444.0K -573.7K (-56.4%) 0.12% -0.115 pp 0.00% -0.001 pp USD30.06 -14.2% 7 qtrs
55 UBS GROUP AG 15.7K -60.8K (-79.5%) 405.7K -1.9M (-82.1%) 0.11% -0.411 pp 0.00% 0.000 pp USD29.20 -11.7% 9 qtrs
56 CITADEL ADVISORS LLC 15.7K -63.9K (-80.3%) 404.0K -2.0M (-82.9%) 0.11% -0.432 pp 0.00% 0.000 pp USD29.15 -11.5% 8 qtrs
57 CITIGROUP INC 15.6K +4.5K (+40.2%) 402.9K +72.4K (+21.9%) 0.11% +0.030 pp 0.00% +0.000 pp USD24.83 +3.9% 9 qtrs
58 SUMITOMO MITSUI TRUST HOLDINGS, INC. 15.1K -192.0 (-1.3%) 388.3K -64.0K (-14.1%) 0.10% -0.001 pp 0.00% +0.000 pp USD18.61 +38.6% 9 qtrs
59 FULCRUM ASSET MANAGEMENT LLP 6.3K +6.3K (+100.0%) 385.7K +385.7K (+100.0%) 0.04% +0.043 pp 0.07% +0.072 pp USD25.79 +0.0% 1 qtrs NEW
60 AQR CAPITAL MANAGEMENT LLC 14.7K +5.1K (+52.7%) 378.8K +93.5K (+32.8%) 0.10% +0.034 pp 0.00% +0.000 pp USD25.26 +2.1% 9 qtrs
61 ALLIANCEBERNSTEIN L.P. 14.7K +909.0 (+6.6%) 378.0K -29.8K (-7.3%) 0.10% +0.006 pp 0.00% +0.000 pp USD23.37 +10.4% 9 qtrs
62 JACOBS LEVY EQUITY MANAGEMENT, INC 13.9K +— (+0.0%) 357.6K -53.7K (-13.0%) 0.09% +0.000 pp 0.00% 0.000 pp USD29.66 -13.0% 2 qtrs
63 JANE STREET GROUP, LLC 12.4K -19.0K (-60.5%) 321.1K -612.9K (-65.6%) 0.08% -0.129 pp 0.00% 0.000 pp USD30.33 -15.0% 9 qtrs
64 VERDENCE CAPITAL ADVISORS LLC 12.2K +— (+0.0%) 315.3K -41.3K (-11.6%) 0.08% +0.000 pp 0.02% -0.002 pp USD30.62 -15.8% 6 qtrs
65 DEUTSCHE BANK AG\ 12.0K +754.0 (+6.7%) 309.0K -24.0K (-7.2%) 0.08% +0.005 pp 0.00% +0.000 pp USD28.20 -8.5% 9 qtrs
66 NISA INVESTMENT ADVISORS, LLC 10.6K +8.5K (+425.8%) 272.2K +212.6K (+357.2%) 0.07% +0.058 pp 0.00% +0.001 pp USD24.41 +5.7% 9 qtrs
67 TWO SIGMA ADVISERS, LP 9.9K -4.3K (-30.5%) 255.7K -167.2K (-39.5%) 0.07% -0.029 pp 0.00% 0.000 pp USD31.62 -18.4% 6 qtrs
68 WEALTHCARE ADVISORY PARTNERS LLC 9.6K -238.0 (-2.4%) 248.4K -44.3K (-15.1%) 0.07% -0.002 pp 0.00% -0.001 pp USD25.94 -0.6% 7 qtrs
69 STATE OF ALASKA, DEPARTMENT OF REVENUE 9.3K +1.3K (+16.9%) 238.0K +4.0K (+1.7%) 0.06% +0.009 pp 0.00% +0.000 pp USD20.78 +24.1% 9 qtrs
70 BOOTHBAY FUND MANAGEMENT, LLC 9.1K -3.7K (-28.6%) 235.4K -143.9K (-37.9%) 0.06% -0.025 pp 0.00% -0.002 pp USD29.66 -13.0% 2 qtrs
71 METLIFE INVESTMENT MANAGEMENT, LLC 9.1K -2.0 (0.0%) 234.7K -35.3K (-13.1%) 0.06% +0.000 pp 0.00% 0.000 pp USD27.55 -6.4% 9 qtrs
72 CANADA PENSION PLAN INVESTMENT BOARD 9.0K +9.0K (+100.0%) 232.1K +232.1K (+100.0%) 0.06% +0.061 pp 0.00% +0.000 pp USD25.79 +0.0% 1 qtrs NEW
73 INTECH INVESTMENT MANAGEMENT LLC 8.8K +— (+0.0%) 227.0K -34.1K (-13.0%) 0.06% +0.000 pp 0.00% 0.000 pp USD31.41 -17.9% 5 qtrs
74 MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. 10.7K +— (+0.0%) 222.3K -94.2K (-29.8%) 0.07% +0.000 pp 0.00% 0.000 pp USD20.44 +26.2% 9 qtrs
75 ENGINEERS GATE MANAGER LP 8.3K -203.0 (-2.4%) 214.7K -38.2K (-15.1%) 0.06% -0.001 pp 0.00% 0.000 pp USD31.32 -17.7% 6 qtrs
76 QUANTINNO CAPITAL MANAGEMENT LP 8.1K -452.0 (-5.3%) 209.5K -44.9K (-17.6%) 0.05% -0.003 pp 0.00% 0.000 pp USD29.66 -13.0% 2 qtrs
77 KESTRA ADVISORY SERVICES, LLC 8.0K +447.0 (+5.9%) 207.5K -17.9K (-7.9%) 0.05% +0.003 pp 0.00% 0.000 pp USD29.44 -12.4% 2 qtrs
78 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 6.9K -54.0 (-0.8%) 178.5K -28.4K (-13.7%) 0.05% 0.000 pp 0.00% 0.000 pp USD30.67 -15.9% 6 qtrs
79 RESONA ASSET MANAGEMENT CO.,LTD. 6.3K -53.0 (-0.8%) 163.2K -24.7K (-13.1%) 0.04% 0.000 pp 0.00% 0.000 pp USD24.76 +4.2% 8 qtrs
80 NEW YORK STATE COMMON RETIREMENT FUND 6.2K +— (+0.0%) 159.4K -23.9K (-13.0%) 0.04% +0.000 pp 0.00% +0.000 pp USD21.24 +21.4% 9 qtrs
81 BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. 6.0K +6.0K (+100.0%) 153.0K +153.0K (+100.0%) 0.04% +0.040 pp 0.00% +0.000 pp USD25.79 +0.0% 1 qtrs NEW
82 DAIWA SECURITIES GROUP INC. 5.6K +253.0 (+4.7%) 145.0K -14.0K (-8.8%) 0.04% +0.002 pp 0.00% 0.000 pp USD20.91 +23.3% 9 qtrs
83 FNY INVESTMENT ADVISERS, LLC 5.0K +3.5K (+233.3%) 128.0K +84.0K (+190.9%) 0.03% +0.024 pp 0.04% +0.022 pp USD26.95 -4.3% 2 qtrs
84 ADVISOR GROUP HOLDINGS, INC. 4.7K -529.0 (-10.1%) 121.2K -33.1K (-21.4%) 0.03% -0.004 pp 0.00% +0.000 pp USD20.72 +24.5% 9 qtrs
85 POLICE & FIREMEN'S RETIREMENT SYSTEM OF NEW JERSEY 4.4K -26.0 (-0.6%) 114.4K -17.9K (-13.6%) 0.03% 0.000 pp 0.00% 0.000 pp USD30.97 -16.7% 5 qtrs
86 MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. 4.6K -1.6K (-25.9%) 94.9K -88.6K (-48.3%) 0.03% -0.011 pp 0.00% 0.000 pp USD27.34 -5.7% 7 qtrs
87 BNP PARIBAS ARBITRAGE, SNC 3.5K +591.0 (+20.5%) 89.7K +4.1K (+4.8%) 0.02% +0.004 pp 0.00% +0.000 pp USD27.91 -7.6% 8 qtrs
88 SANDIA INVESTMENT MANAGEMENT LP 3.3K +3.3K (+100.0%) 86.1K +86.1K (+100.0%) 0.02% +0.023 pp 0.21% +0.215 pp USD25.79 +0.0% 1 qtrs NEW
89 RUSSELL INVESTMENTS GROUP, LTD. 3.3K -62.0K (-94.9%) 85.1K -1.9M (-95.6%) 0.02% -0.419 pp 0.00% -0.002 pp USD30.88 -16.5% 9 qtrs
90 STRS OHIO 2.8K +— (+0.0%) 72.2K -10.8K (-13.0%) 0.02% +0.000 pp 0.00% +0.000 pp USD31.38 -17.8% 7 qtrs
91 ALLWORTH FINANCIAL LP 2.8K +384.0 (+16.0%) 71.9K +573.0 (+0.8%) 0.02% +0.003 pp 0.00% +0.000 pp USD21.75 +18.6% 9 qtrs
92 ROYAL BANK OF CANADA 2.5K -4.7K (-65.2%) 65.0K -149.0K (-69.6%) 0.02% -0.032 pp 0.00% +0.000 pp USD24.65 +4.6% 9 qtrs
93 SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.9K +— (+0.0%) 48.3K -7.2K (-13.0%) 0.01% +0.000 pp 0.01% -0.001 pp USD18.55 +39.0% 9 qtrs
94 GENEOS WEALTH MANAGEMENT INC. 1.8K -982.0 (-35.4%) 46.3K -36.1K (-43.8%) 0.01% -0.007 pp 0.00% -0.001 pp USD32.41 -20.4% 5 qtrs
95 QUEST PARTNERS LLC 1.6K +556.0 (+54.2%) 40.8K +10.4K (+34.1%) 0.01% +0.004 pp 0.00% +0.000 pp USD30.17 -14.5% 3 qtrs
96 AMERITAS INVESTMENT PARTNERS, INC. 1.5K +— (+0.0%) 37.5K -5.6K (-13.0%) 0.01% +0.000 pp 0.00% 0.000 pp USD24.39 +5.7% 7 qtrs
97 LEGAL & GENERAL GROUP PLC 1.4K +— (+0.0%) 34.9K -5.2K (-13.0%) 0.01% +0.000 pp 0.00% +0.000 pp USD19.24 +34.0% 9 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 61 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Cambria Global Real Estate ETF BLDG 0.93% 616.1K 0.59%
2 iShares Micro-Cap ETF IWC 0.04% 563.5K 0.60%
3 Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF GSSC 0.02% 249.6K 0.20%
4 Franklin U.S. Small Cap Multifactor Index ETF FLQS 0.02% 10.1K 0.35%
5 State Street SPDR Dow Jones REIT ETF RWR 0.02% 277.6K 0.25%
6 iShares Core U.S. REIT ETF USRT 0.01% 628.7K 0.08%
7 First Trust S&P REIT Index Fund FRI 0.01% 22.7K 0.51%
8 iShares Russell 2000 Value ETF IWN 0.01% 1.68M 0.24%
9 Vanguard Russell 2000 Value ETF VTWV 0.01% 143.0K 0.06%
10 State Street SPDR Dow Jones Global Real Estate ETF RWO 0.01% 127.7K 0.50%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
1
Sells
0
Shares acquired
1.0K
Shares disposed
Cash buys
1.00
Cash sales
Net activity
+1,012
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2025-09-24 PINOLA RICHARD J Director P-Purchase A Common Stock 1,012 29.49 29.8K 13,221 D
2024-11-02 PINOLA RICHARD J Director M-Exempt A Common Stock 136 0.00 12,164 D
2024-11-02 Hoysradt Jean Director M-Exempt A Common Stock 136 0.00 11,032 D
2024-11-02 Hansing Axel K.A. Director M-Exempt A Common Stock 136 0.00 10,817 D
2024-01-19 Sanzone ToniAnn Officer J-Other A Common Stock 42 0.00 4,212
2024-01-19 PINOLA RICHARD J Director J-Other A Common Stock 5 0.00 9,962
2024-01-19 PARK JOHN J Director J-Other A Common Stock 456 0.00 32,439
2024-01-19 Hoysradt Jean Director J-Other A Common Stock 18 0.00 10,896
2024-01-19 Hansing Axel K.A. Director J-Other A Common Stock 15 0.00 10,681
2024-01-19 Fox Jason E. Director / Officer J-Other A Common Stock 508 0.00 36,147
2023-11-02 PINOLA RICHARD J Director A-Award A COMMON SHARES 9,551 0.00 9,957
2023-11-02 Hoysradt Jean Director A-Award A COMMON SHARES 9,551 0.00 10,878
2023-11-02 Hansing Axel K.A. Director A-Award A COMMON SHARES 9,551 0.00 10,666
2023-11-01 Sanzone ToniAnn Officer A-Award A COMMON SHARES 4,170 0.00 4,170
2023-11-01 PINOLA RICHARD J Director D COMMON SHARES 0 0.00 406
2023-11-01 PARK JOHN J Director A-Award A COMMON SHARES 39,118 0.00 39,118
2023-11-01 Hoysradt Jean Director D COMMON SHARES 0 0.00 1,327
2023-11-01 Hansing Axel K.A. Director D COMMON SHARES 0 0.00 1,115
2023-11-01 Fox Jason E. Director / Officer F-InKind D COMMON SHARES 13,234 10.47 138.6K 35,639
2023-10-06 Sanzone ToniAnn Officer 0 0.00 0
2023-10-06 PARK JOHN J Director 0 0.00 0
2023-10-06 Fox Jason E. Officer 0 0.00 0

Executive team

Top executives
EBIT / Employee
-671.4K
Shares Outstanding
14.81M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-16 DEFA14A
2026-04-16 DEF 14A
2026-04-02 PRE 14A
2025-04-17 DEFA14A
2025-04-17 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-07 8-K
2026-05-07 10-Q
2026-04-30 SC 13G
2026-04-16 DEFA14A
2026-04-16 DEF 14A
2026-04-02 PRE 14A
2026-03-27 SC 13G/A
2026-02-25 8-K
2026-02-25 10-K
2026-01-20 8-K

Executive team

NameTitleCompensationGender
Brian H. Zander Chief Accounting Officer male
Jason Fox Chairman, Trustee & Chief Executive Officer male
Susan C. Hyde Chief Administrative Officer & Corporate Secretary female
Toni Ann Sanzone Chief Financial Officer female
ESG Rating
B-
REIT - OFFICE
2026
E (Environmental)
66.3 / 63.2
Company / Sector avg.
S (Social)
65.3 / 69.0
Company / Sector avg.
G (Governance)
66.8 / 70.7
Company / Sector avg.
ESG Total
66.1 / 67.6
Company / Sector avg.
ESG Score History REIT - OFFICE
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits