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NLOP vs NTST
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Retail
NLOP vs NTST — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Retail |
| Market Cap | $194M | $1.70B |
| Revenue (TTM) | $91M | $176M |
| Net Income (TTM) | $-121M | $185K |
| Gross Margin | -9.7% | 92.4% |
| Operating Margin | 30.2% | 27.7% |
| Forward P/E | — | 64.8x |
| Total Debt | $22M | $0.00 |
| Cash & Equiv. | $120M | $14M |
NLOP vs NTST — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Oct 23 | May 26 | Return |
|---|---|---|---|
| Net Lease Office Pr… (NLOP) | 100 | 68.9 | -31.1% |
| NETSTREIT Corp. (NTST) | 100 | 142.9 | +42.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NLOP vs NTST
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NLOP is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 2 yrs, beta 0.45, yield 54.9%
- 84.5% 10Y total return vs NTST's 40.7%
- Better valuation composite
NTST carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 30.0%, EPS growth 150.0%, 3Y rev CAGR 28.2%
- Lower volatility, beta 0.05
- Beta 0.05, yield 4.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 30.0% FFO/revenue growth vs NLOP's -15.6% | |
| Value | Better valuation composite | |
| Quality / Margins | 0.1% margin vs NLOP's -133.0% | |
| Stability / Safety | Beta 0.05 vs NLOP's 0.45 | |
| Dividends | 54.9% yield, 2-year raise streak, vs NTST's 4.1% | |
| Momentum (1Y) | +32.6% vs NLOP's +17.9% | |
| Efficiency (ROA) | 0.0% ROA vs NLOP's -25.4%, ROIC 2.1% vs 5.7% |
NLOP vs NTST — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — NLOP and NTST each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NTST is the larger business by revenue, generating $176M annually — 1.9x NLOP's $91M. NTST is the more profitable business, keeping 0.1% of every revenue dollar as net income compared to NLOP's -133.0%. On growth, NTST holds the edge at +27.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $91M | $176M |
| EBITDAEarnings before interest/tax | $81M | $133M |
| Net IncomeAfter-tax profit | -$121M | $185,000 |
| Free Cash FlowCash after capex | $57M | $106M |
| Gross MarginGross profit ÷ Revenue | -9.7% | +92.4% |
| Operating MarginEBIT ÷ Revenue | +30.2% | +27.7% |
| Net MarginNet income ÷ Revenue | -133.0% | +0.1% |
| FCF MarginFCF ÷ Revenue | +62.6% | +59.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | -100.0% | +27.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +49.9% | +110.6% |
Valuation Metrics
NLOP leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, NLOP's 1.3x EV/EBITDA is more attractive than NTST's 12.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $194M | $1.7B |
| Enterprise ValueMkt cap + debt − cash | $97M | $1.7B |
| Trailing P/EPrice ÷ TTM EPS | -1.34x | 254.50x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 64.78x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.35x |
| EV / EBITDAEnterprise value multiple | 1.34x | 12.34x |
| Price / SalesMarket cap ÷ Revenue | 1.62x | 8.72x |
| Price / BookPrice ÷ Book value/share | 0.65x | 1.18x |
| Price / FCFMarket cap ÷ FCF | 3.23x | 15.52x |
Profitability & Efficiency
NTST leads this category, winning 4 of 7 comparable metrics.
Profitability & Efficiency
NTST delivers a 0.0% return on equity — every $100 of shareholder capital generates $0 in annual profit, vs $-34 for NLOP. On the Piotroski fundamental quality scale (0–9), NTST scores 6/9 vs NLOP's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -34.3% | +0.0% |
| ROA (TTM)Return on assets | -25.4% | +0.0% |
| ROICReturn on invested capital | +5.7% | +2.1% |
| ROCEReturn on capital employed | +6.5% | +2.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.07x | — |
| Net DebtTotal debt minus cash | -$97M | -$14M |
| Cash & Equiv.Liquid assets | $120M | $14M |
| Total DebtShort + long-term debt | $22M | $0 |
| Interest CoverageEBIT ÷ Interest expense | -10.39x | — |
Total Returns (Dividends Reinvested)
NLOP leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NLOP five years ago would be worth $18,451 today (with dividends reinvested), compared to $11,488 for NTST. Over the past 12 months, NTST leads with a +32.6% total return vs NLOP's +17.9%. The 3-year compound annual growth rate (CAGR) favors NLOP at 22.7% vs NTST's 8.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +35.6% | +15.8% |
| 1-Year ReturnPast 12 months | +17.9% | +32.6% |
| 3-Year ReturnCumulative with dividends | +84.5% | +27.0% |
| 5-Year ReturnCumulative with dividends | +84.5% | +14.9% |
| 10-Year ReturnCumulative with dividends | +84.5% | +40.7% |
| CAGR (3Y)Annualised 3-year return | +22.7% | +8.3% |
Risk & Volatility
NTST leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
NTST is the less volatile stock with a 0.05 beta — it tends to amplify market swings less than NLOP's 0.45 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NTST currently trades 95.6% from its 52-week high vs NLOP's 38.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.45x | 0.05x |
| 52-Week HighHighest price in past year | $34.53 | $21.30 |
| 52-Week LowLowest price in past year | $11.23 | $15.24 |
| % of 52W HighCurrent price vs 52-week peak | +38.0% | +95.6% |
| RSI (14)Momentum oscillator 0–100 | 48.0 | 57.7 |
| Avg Volume (50D)Average daily shares traded | 199K | 1.2M |
Analyst Outlook
NLOP leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates NLOP as "Buy" and NTST as "Buy". Consensus price targets imply 457.0% upside for NLOP (target: $73) vs 8.2% for NTST (target: $22). For income investors, NLOP offers the higher dividend yield at 54.94% vs NTST's 4.10%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $73.00 | $22.03 |
| # AnalystsCovering analysts | 1 | 18 |
| Dividend YieldAnnual dividend ÷ price | +54.9% | +4.1% |
| Dividend StreakConsecutive years of raises | 2 | 0 |
| Dividend / ShareAnnual DPS | $7.20 | $0.83 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% |
NLOP leads in 3 of 6 categories (Valuation Metrics, Total Returns). NTST leads in 2 (Profitability & Efficiency, Risk & Volatility). 1 tied.
NLOP vs NTST: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is NLOP or NTST a better buy right now?
For growth investors, NETSTREIT Corp.
(NTST) is the stronger pick with 30. 0% revenue growth year-over-year, versus -15. 6% for Net Lease Office Properties (NLOP). NETSTREIT Corp. (NTST) offers the better valuation at 254. 5x trailing P/E (64. 8x forward), making it the more compelling value choice. Analysts rate Net Lease Office Properties (NLOP) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — NLOP or NTST?
Over the past 5 years, Net Lease Office Properties (NLOP) delivered a total return of +84.
5%, compared to +14. 9% for NETSTREIT Corp. (NTST). Over 10 years, the gap is even starker: NLOP returned +84. 5% versus NTST's +40. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — NLOP or NTST?
By beta (market sensitivity over 5 years), NETSTREIT Corp.
(NTST) is the lower-risk stock at 0. 05β versus Net Lease Office Properties's 0. 45β — meaning NLOP is approximately 808% more volatile than NTST relative to the S&P 500.
04Which is growing faster — NLOP or NTST?
By revenue growth (latest reported year), NETSTREIT Corp.
(NTST) is pulling ahead at 30. 0% versus -15. 6% for Net Lease Office Properties (NLOP). On earnings-per-share growth, the picture is similar: NETSTREIT Corp. grew EPS 150. 0% year-over-year, compared to -58. 7% for Net Lease Office Properties. Over a 3-year CAGR, NTST leads at 28. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — NLOP or NTST?
NETSTREIT Corp.
(NTST) is the more profitable company, earning 3. 5% net margin versus -121. 1% for Net Lease Office Properties — meaning it keeps 3. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NLOP leads at 29. 4% versus 25. 7% for NTST. At the gross margin level — before operating expenses — NTST leads at 99. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is NLOP or NTST more undervalued right now?
Analyst consensus price targets imply the most upside for NLOP: 457.
0% to $73. 00.
07Which pays a better dividend — NLOP or NTST?
All stocks in this comparison pay dividends.
Net Lease Office Properties (NLOP) offers the highest yield at 54. 9%, versus 4. 1% for NETSTREIT Corp. (NTST).
08Is NLOP or NTST better for a retirement portfolio?
For long-horizon retirement investors, NETSTREIT Corp.
(NTST) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 05), 4. 1% yield). Both have compounded well over 10 years (NTST: +40. 7%, NLOP: +84. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between NLOP and NTST?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: NLOP is a small-cap income-oriented stock; NTST is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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