Net Lease Office Properties price to book ratio NLOP

Market value divided by the book value of the company's net assets, since 2024.

Today, Oct 23, 2026: 0.9×
3-year median: 0.8×
Against its 3-year history: 72nd; percentile: 0 is its lowest day, 100 its highest
3-year range: 0.5× to 1.0×
Peer median: 0.5×

Net Lease Office Properties' price to book ratio is 0.9× as of Oct 23, 2026.

That is above its 3-year median of 0.8×, higher than on 72% of days in the last 3 years.

Over that time it ranged from 0.5× in Feb 2026 to 1.0× in Aug 2026.

The median for 10 specialty REITs of a similar size is 0.5×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	0.9×	0.5×	1.0×
2025	0.9×	0.7×	1.0×
2024	0.7×	0.5×	0.8×

Against its peers

Companies in REIT - Specialty nearest Net Lease Office Properties' size, closest first, today.

Company	Price to book ratio
NLOPNet Lease Office Properties	0.9×
SEVNSeven Hills Realty Trust	0.4×
MITTTPG Mortgage Investment Trust	0.3×
STRWStrawberry Fields REIT	21.7×
ESBAEmpire State Realty OP	0.1×
CHMICherry Hill Mortgage Investment	0.4×
SUNSSunrise Realty Trust	0.5×
REFIChicago Atlantic Real Estate Finance	0.8×
IORIncome Opportunity Realty Investors	0.6×
PINEAlpine Income Property Trust	0.8×
NREFNexPoint Real Estate Finance	0.8×
Peer median	0.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Net Lease Office Properties

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.