NLOP Net Lease Office Properties Common Shares of Beneficial Interest
$11.57
Price · Aug 25, 2026
Fundamentals as of Aug 5, 2026
52W Range
$11–$30
3% of range
Analyst Rating
BUY
7 analysts
Price Target
—
P/E (TTM)
-1.2
ROE
-33.2%
Net Profit Margin
-122.2%
NLOP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$11.56
Market Cap
$171M
P/E (TTM)
-1.2
EPS (TTM)
$-9.81
Revenue (TTM)
$119M
Div Yield
—
ROE
-33.2%
Debt/Equity
—
52W Range
$11 – $30
NLOP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$119M
2021-12-31
→
2025-12-31
EPS
$-9.81
2022-12-31
→
2025-12-31
Free Cash Flow
—
Margins
-122.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
NLOP
Peer Median
P/E (TTM)
-1.2
38.1
P/S (TTM)
1.4
1.3
P/B
0.6
0.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
NLOP
Peer Median
Net Profit Margin
-122.2%
-36.8%
ROA
-23.1%
-5.0%
ROE
-33.2%
-17.2%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
NLOP
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
NLOP
Peer Median
Revenue YoY
-16.4%
—
Revenue CAGR 3Y
-8.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
NLOP
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| March 30, 2026 | $3.3000 |
| Feb. 18, 2026 | $6.7500 |
| Jan. 2, 2026 | $5.1000 |
| Dec. 4, 2025 | $4.1000 |
| Aug. 18, 2025 | $3.1000 |
| Dec. 15, 2023 | $0.3400 |
NLOP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
7 analysts
- Strong Buy 2 28.6%
- Buy 4 57.1%
- Hold 1 14.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NLOP | $382M | -2.6 | -16.4% | -122.2% | -33.2% | — |
| PSTL | — | 34.3 | 25.5% | 14.8% | 5.3% | — |
| HPP | $587M | -0.8 | -1.3% | -71.3% | -20.3% | 48.5% |
| JBGS | — | -8.1 | -8.9% | -27.9% | -11.2% | — |
| BDN | $507M | -2.8 | -4.2% | -36.8% | -19.5% | 61.8% |
| ONL | $127M | -0.9 | -10.4% | -94.3% | -20.1% | — |
| CMCT | — | -0.1 | -6.3% | — | — | — |
| BXP | $10.70B | 38.8 | 2.2% | 8.0% | 5.2% | 59.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $119M | $142M | $175M | $156M | |
| SG&A Expense | $7M | $8M | $14M | $12M | |
| Operating Expenses | $220M | $186M | $260M | $113M | |
| Interest Expense | · | · | $43M | $27M | |
| Other Non-op | $-44M | $-50M | $-46M | $-27M | |
| Pretax Income | $-145M | $-94M | $-131M | $16M | |
| Income Tax | $158.0K | $-2M | $425.0K | $486.0K | |
| Net Income | $-145M | $-91M | $-132M | $16M | |
| EPS (Basic) | $-9.81 | $-6.18 | $-9.00 | $1.08 | |
| EPS (Diluted) | $-9.81 | $-6.18 | $-9.00 | $1.08 | |
| Shares (Basic) | 14,814,075 | 14,789,514 | 14,631,265 | 14,620,919 | |
| Shares (Diluted) | 14,814,075 | 14,789,514 | 14,631,265 | 14,620,919 |
Balance Sheet 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $120M | $25M | $16M | $5M | |
| Goodwill | · | · | $0 | $64M | |
| Intangibles | $16M | $98M | $166M | · | |
| Total Assets | $453M | $805M | $1.31B | $1.46B | |
| Deferred Tax | · | $0 | $10M | $12M | |
| Total Liabilities | $156M | $220M | $624M | $353M | |
| Long-term Debt | $22M | $169M | $542M | $276M | |
| Common Stock | $15.0K | $15.0K | $15.0K | $0 | |
| Paid-in Capital | $856M | $856M | $856M | $0 | |
| Retained Earnings | · | · | · | $0 | |
| AOCI | $0 | $-40M | $-36M | $-42M | |
| Stockholders' Equity | $294M | $581M | $677M | $1.11B | |
| Liabilities + Equity | $453M | $805M | $1.31B | $1.46B | |
| Shares Outstanding | 14,814,075 | 14,814,075 | 14,620,919 | 0 |
Cash Flow 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $36M | $57M | $75M | $63M | |
| Deferred Tax | $0 | $-3M | $-1M | $-1M | |
| Amort. of Intangibles | $22M | $35M | $48M | $36M | |
| Operating Cash Flow | $64M | $72M | $71M | $84M | |
| Investing Cash Flow | $208M | $298M | $28M | $-23M | |
| Net Debt Issued | $-111M | $-367M | · | · | |
| Financing Cash Flow | $-219M | $-368M | $-37M | $-65M | |
| Net Change in Cash | $54M | $597.0K | $62M | $-3M | |
| Taxes Paid | $700.0K | $700.0K | $3M | $2M |
Profitability 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Net Margin | -122.2% | -64.3% | -75.3% | · | |
| Pretax Margin | -121.9% | -65.9% | -75.0% | · | |
| ROA | -23.1% | -8.7% | -9.5% | · | |
| ROE | -33.2% | -14.5% | -14.8% | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | 0.1 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | -16.4% | -18.7% | 12.0% | 5.6% | |
| Revenue CAGR 3Y | -8.7% | -1.3% | · | · | |
| Net Income YoY | · | · | · | 1012.8% |
Valuation (TTM) 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $119M | $142M | $175M | · | |
| Net Income TTM | $-145M | $-91M | $-132M | · | |
| Market Cap | $382M | $456M | $270M | · | |
| P/E | -2.6 | -5.1 | -2.1 | · | |
| P/S | 3.2 | 3.2 | 1.5 | · | |
| P/B | 1.3 | 0.8 | 0.4 | · | |
| P / Tangible Book | 1.4 | 0.9 | 0.5 | · | |
| P / Cash Flow | 6.0 | 6.4 | 3.8 | · | |
| Earnings Yield | -38.0% | -19.8% | -48.7% | · |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6M | $9M | $31M | $30M | $29M | $29M | $28M | $31M | $39M | $44M | $46M | $43M | $43M | $43M | |
| SG&A Expense | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $4M | $3M | $3M | $3M | |
| Operating Expenses | $13M | $6M | $24M | $70M | $104M | $22M | $56M | $59M | $37M | $34M | $167M | $32M | $31M | $31M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $21M | · | · | · | $8M | |
| Other Non-op | $330.0K | $22M | $-7M | $-24M | $-7M | $-6M | $-11M | $-12M | $10M | $-37M | $-21M | $-8M | $-9M | $-8M | |
| Pretax Income | $-6M | $25M | $-71.0K | $-64M | $-81M | $595.0K | $-39M | $-40M | $13M | $-28M | $-142M | $3M | $3M | $4M | |
| Income Tax | $23.0K | $17.0K | $-54.0K | $30.0K | $100.0K | $82.0K | $-3M | $485.0K | $149.0K | $224.0K | $121.0K | $232.0K | $-365.0K | $437.0K | |
| Net Income | $-6M | $25M | $-53.0K | $-64M | $-82M | $492.0K | $-36M | $-40M | $12M | $-28M | $-142M | $3M | $4M | $4M | |
| EPS (Basic) | $-0.42 | $1.69 | $-0.01 | $-4.33 | $-5.50 | $0.03 | $-2.41 | $-2.73 | $0.84 | $-1.88 | $-9.71 | $0.19 | $0.26 | $0.26 | |
| EPS (Diluted) | $-0.42 | $1.69 | $-0.01 | $-4.33 | $-5.50 | $0.03 | $-2.41 | $-2.73 | $0.84 | $-1.88 | $-9.71 | $0.19 | $0.26 | $0.26 | |
| Shares (Basic) | 14,814,075 | 14,814,075 | -29,628,150 | 14,814,075 | 14,814,075 | 14,814,075 | -29,565,742 | 14,785,020 | 14,785,118 | 14,785,118 | -29,231,492 | 14,620,919 | 14,620,919 | 14,620,919 | |
| Shares (Diluted) | 14,814,075 | 14,814,075 | -29,628,150 | 14,814,075 | 14,814,075 | 14,814,075 | -29,588,584 | 14,785,020 | 14,807,960 | 14,785,118 | -29,231,492 | 14,620,919 | 14,620,919 | 14,620,919 |
Balance Sheet 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $24M | $71M | $120M | $39M | $54M | $28M | $25M | $36M | $36M | $40M | $16M | $1 | · | · | |
| Goodwill | · | · | · | · | · | · | · | · | · | · | $0 | · | · | · | |
| Intangibles | $12M | $15M | $16M | $68M | $80M | $92M | $98M | $109M | $120M | $148M | · | · | · | · | |
| Total Assets | $201M | $258M | $453M | $523M | $669M | $784M | $805M | $920M | $1.04B | $1.23B | · | $65 | · | · | |
| Deferred Tax | · | · | · | · | · | · | · | $3M | $3M | $3M | · | · | · | · | |
| Total Liabilities | $33M | $84M | $156M | $88M | $165M | $198M | $220M | $294M | $380M | $580M | · | · | · | · | |
| Long-term Debt | · | · | $22M | $47M | $117M | $148M | $169M | $239M | $327M | $515M | · | · | · | · | |
| Common Stock | $15.0K | $15.0K | $15.0K | $15.0K | $15.0K | $15.0K | $15.0K | $15.0K | $15.0K | $15.0K | · | $1 | · | · | |
| Paid-in Capital | $856M | $856M | $856M | $856M | $856M | $856M | $856M | $856M | $856M | $856M | · | $303 | · | · | |
| Retained Earnings | · | · | · | · | · | · | · | · | · | · | · | $-239 | · | · | |
| AOCI | · | · | $0 | $0 | $-40M | $-40M | $-40M | $-35M | $-37M | $-38M | · | · | · | · | |
| Stockholders' Equity | $164M | $170M | $294M | $430M | $500M | $582M | $581M | $622M | $660M | $647M | · | $65 | · | · | |
| Liabilities + Equity | $201M | $258M | $453M | $523M | $669M | $784M | $805M | $920M | $1.04B | $1.23B | · | · | · | · | |
| Shares Outstanding | 14,814,075 | 14,814,075 | 14,814,075 | 14,814,075 | 14,814,075 | 14,814,075 | 14,814,075 | 14,620,919 | 14,620,919 | 14,620,919 | 14,620,919 | 1,000 | · | · |
Cash Flow 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $2M | $7M | $9M | $10M | $10M | $11M | $12M | $15M | $18M | $22M | $18M | $18M | $18M | |
| Deferred Tax | $0 | $0 | $0 | $0 | $0 | $0 | $-3M | $-100.0K | $-200.0K | $-123.0K | $-390.0K | $-100.0K | $-300.0K | $-411.0K | |
| Amort. of Intangibles | $1M | $1M | $5M | $6M | $6M | $6M | $6M | $7M | $10M | $12M | $15M | $11M | $11M | $11M | |
| Operating Cash Flow | $2M | $8M | $22M | $16M | $12M | $14M | $10M | $20M | $15M | $26M | $7M | $21M | $23M | $20M | |
| Investing Cash Flow | $492.0K | $119M | $146M | $39M | $14M | $9M | $43M | $77M | $151M | $27M | $32M | $-2M | $-2M | $-236.0K | |
| Net Debt Issued | · | $0 | · | · | · | $-26M | · | · | · | $-31M | · | · | · | · | |
| Dividends Paid | · | · | · | · | · | · | · | · | · | · | $1M | · | · | · | |
| Financing Cash Flow | $-49M | $-176M | $-86M | $-71M | $-36M | $-26M | $-70M | $-93M | $-173M | $-32M | $22M | $-19M | $-23M | $-17M | |
| Net Change in Cash | $-47M | $-49M | $82M | $-15M | $-10M | $-3M | $-17M | $5M | $-8M | $21M | $62M | $67.0K | $-3M | $3M |
Profitability 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -97.4% | 277.0% | · | -215.4% | -279.5% | 1.7% | · | -128.0% | 31.9% | -63.3% | · | · | · | · | |
| Pretax Margin | -96.4% | 277.6% | · | -215.2% | -279.1% | 2.0% | · | -126.4% | 32.3% | -62.7% | · | · | · | · | |
| ROA | -1.4% | 4.8% | · | -8.9% | -9.5% | 0.05% | · | -8.8% | 2.4% | -4.5% | · | · | · | · | |
| ROE | -1.9% | 6.7% | · | -12.2% | -14.1% | 0.08% | · | -13.0% | 3.8% | -8.6% | · | · | · | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | · | · | · |
Valuation (TTM) 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $74M | $97M | · | $120M | $129M | $144M | · | $158M | $169M | $173M | · | · | · | · | |
| Net Income TTM | $-127M | $-120M | · | $-186M | $-109M | $-55M | · | $-53M | $-9M | $-18M | · | · | · | · | |
| Market Cap | $165M | $171M | · | $439M | $482M | $465M | · | $448M | $360M | $348M | · | · | · | · | |
| P/E | -1.3 | -1.4 | · | -2.4 | -4.4 | -8.4 | · | -8.6 | -41.7 | -20.3 | · | · | · | · | |
| P/S | 2.2 | 1.8 | · | 3.7 | 3.7 | 3.2 | · | 2.8 | 2.1 | 2.0 | · | · | · | · | |
| P/B | 1.0 | 1.0 | · | 1.0 | 1.0 | 0.8 | · | 0.7 | 0.5 | 0.5 | · | · | · | · | |
| P / Tangible Book | 1.1 | 1.1 | · | 1.2 | 1.1 | 0.9 | · | 0.9 | 0.7 | 0.7 | · | · | · | · | |
| P / Cash Flow | · | 21.0 | · | · | · | 32.9 | · | · | · | 13.2 | · | · | · | · | |
| Earnings Yield | -76.9% | -70.4% | · | -42.2% | -22.6% | -11.9% | · | -11.7% | -2.4% | -4.9% | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $119M | $142M | $175M | $156M | $148M |
| Net Income | $-145M | $-91M | $-132M | $16M | $1M |
| Diluted EPS | $-9.81 | $-6.18 | $-9.00 | $1.08 | — |
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Institutional owners (13F) 265 filers · $56.2M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 29 (-13 vs prior Q) | 33 (+3 vs prior Q) | 60 (-11 vs prior Q) | 49 (+2 vs prior Q) | -152K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $7,286,811 | 654,700 | 12.96% | Shares |
| STATE STREET CORP | $5,010,871 | 450,213 | 8.92% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,689,941 | 331,442 | 6.56% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $3,678,009 | 330,459 | 6.54% | Shares |
| TWO SIGMA INVESTMENTS, LP | $2,621,349 | 235,521 | 4.66% | Shares |
| K2 PRINCIPAL FUND, L.P. | $2,077,993 | 186,702 | 3.70% | Shares |
| MILLENNIUM MANAGEMENT LLC | $2,068,633 | 185,861 | 3.68% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $1,890,353 | 169,843 | 3.36% | Shares |
| GABELLI & Co INVESTMENT ADVISERS, INC. | $1,481,971 | 133,151 | 2.64% | Shares |
| GOLDMAN SACHS GROUP INC | $1,210,788 | 108,786 | 2.15% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $1,209,252 | 108,648 | 2.15% | Shares |
| Man Group plc | $1,155,517 | 103,820 | 2.06% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,120,824 | 100,703 | 1.99% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,118,932 | 100,533 | 1.99% | Shares |
| Rangeley Capital, LLC | $1,057,350 | 95,000 | 1.88% | Shares |
| Skopos Labs, Inc. | $978,498 | 84,940 | 1.74% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $960,853 | 86,330 | 1.71% | Shares |
| LPL Financial LLC | $843,053 | 75,746 | 1.50% | Shares |
| Quantinno Capital Management LP | $768,093 | 69,011 | 1.37% | Shares |
| Point72 Asset Management, L.P. | $688,724 | 61,880 | 1.23% | Shares |
| Verdad Advisers, LP | $654,344 | 58,791 | 1.16% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $647,766 | 58,200 | 1.15% | Call option |
| Cambria Investment Management, L.P. | $612,217 | 55,006 | 1.09% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $586,262 | 52,674 | 1.04% | Shares |
| Marex Group Ltd | $565,393 | 50,799 | 1.01% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $521,997 | 46,900 | 0.93% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $491,456 | 44,156 | 0.87% | Shares |
| MORGAN STANLEY | $486,624 | 43,721 | 0.87% | Shares |
| MEEDER ASSET MANAGEMENT INC | $442,340 | 39,743 | 0.79% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $441,902 | 39,703 | 0.79% | Shares |
| CITADEL ADVISORS LLC | $406,245 | 36,500 | 0.72% | Call option |
| JBF Capital, Inc. | $358,698 | 32,228 | 0.64% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $349,838 | 31,432 | 0.62% | Shares |
| Bank of New York Mellon Corp | $332,998 | 29,919 | 0.59% | Shares |
| Qube Research & Technologies Ltd | $328,914 | 29,552 | 0.59% | Shares |
| MARSHALL WACE, LLP | $305,308 | 27,431 | 0.54% | Shares |
| Engineers Gate Manager LP | $303,404 | 27,260 | 0.54% | Shares |
| BLUEFIN CAPITAL MANAGEMENT, LLC | $278,205 | 24,996 | 0.49% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $257,548 | 23,140 | 0.46% | Shares |
| TWO SIGMA ADVISERS, LP | $255,734 | 9,916 | 0.45% | Shares |
| BANK OF AMERICA CORP /DE/ | $250,826 | 22,536 | 0.45% | Shares |
| BROWN ADVISORY INC | $246,941 | 22,187 | 0.44% | Shares |
| ALLIANCEBERNSTEIN L.P. | $243,648 | 21,150 | 0.43% | Shares |
| RHUMBLINE ADVISERS | $235,232 | 21,136 | 0.42% | Shares |
| Asset Management One Co., Ltd. | $231,149 | 20,065 | 0.41% | Shares |
| Cubist Systematic Strategies, LLC | $223,518 | 7,536 | 0.40% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $219,718 | 19,741 | 0.39% | Shares |
| BlackRock, Inc. | $218,159 | 19,601 | 0.39% | Shares |
| Verdence Capital Advisors LLC | $216,590 | 19,460 | 0.39% | Shares |
| CORSAIR CAPITAL MANAGEMENT, L.P. | $214,998 | 19,317 | 0.38% | Shares |
| Brevan Howard Capital Management LP | $198,793 | 17,861 | 0.35% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $198,292 | 17,816 | 0.35% | Shares |
| Mariner, LLC | $194,201 | 17,448 | 0.35% | Shares |
| Militia Capital Management LLC | $178,080 | 16,000 | 0.32% | Shares |
| DEUTSCHE BANK AG\ | $164,112 | 14,745 | 0.29% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $161,385 | 14,500 | 0.29% | Shares |
| Kestra Advisory Services, LLC | $160,780 | 14,446 | 0.29% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $154,340 | 13,867 | 0.27% | Shares |
| VANGUARD GROUP INC | $147,158 | 5,706 | 0.26% | Shares |
| Russell Investments Group, Ltd. | $144,475 | 12,981 | 0.26% | Shares |
| WELLS FARGO & COMPANY/MN | $141,752 | 12,736 | 0.25% | Shares |
| National Philanthropic Trust | $141,551 | 12,718 | 0.25% | Shares |
| CITIGROUP INC | $141,073 | 12,675 | 0.25% | Shares |
| Vanguard Personalized Indexing Management, LLC | $131,278 | 11,795 | 0.23% | Shares |
| Quadrature Capital Ltd | $125,591 | 11,284 | 0.22% | Shares |
| PNC Financial Services Group, Inc. | $122,319 | 10,990 | 0.22% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $118,790 | 10,673 | 0.21% | Shares |
| MetLife Investment Management, LLC | $107,059 | 9,619 | 0.19% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $99,948 | 8,908 | 0.18% | Shares |
| Sandia Investment Management LP | $86,113 | 3,339 | 0.15% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $77,454 | 6,959 | 0.14% | Shares |
| FMR LLC | $75,635 | 6,796 | 0.13% | Shares |
| Resona Asset Management Co.,Ltd. | $71,163 | 6,347 | 0.13% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $68,795 | 6,181 | 0.12% | Shares |
| Invesco Ltd. | $66,891 | 6,010 | 0.12% | Shares |
| Vanguard Global Advisers, LLC | $63,508 | 5,706 | 0.11% | Shares |
| Daiwa Securities Group Inc. | $60,480 | 5,434 | 0.11% | Shares |
| Daytona Street Capital LLC | $55,654 | 5,000 | 0.10% | Shares |
| OSAIC HOLDINGS, INC. | $54,333 | 4,878 | 0.10% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $50,964 | 4,579 | 0.09% | Shares |
| Police & Firemen's Retirement System of New Jersey | $49,384 | 4,437 | 0.09% | Shares |
| Strategic Wealth Partners, Ltd. | $44,565 | 4,004 | 0.08% | Shares |
| UBS Group AG | $43,863 | 3,941 | 0.08% | Shares |
| AlphaQuest LLC | $40,774 | 1,581 | 0.07% | Shares |
| CWM, LLC | $38,604 | 3,351 | 0.07% | Shares |
| STRS OHIO | $31,164 | 2,800 | 0.06% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $29,041 | 2,556 | 0.05% | Shares |
| Allworth Financial LP | $28,254 | 2,538 | 0.05% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $26,100 | 2,345 | 0.05% | Shares |
| Tower Research Capital LLC (TRC) | $25,966 | 2,333 | 0.05% | Shares |
| NORTHERN TRUST CORP | $24,631 | 2,213 | 0.04% | Shares |
| BARCLAYS PLC | $22,817 | 2,050 | 0.04% | Shares |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY | $20,835 | 1,872 | 0.04% | Shares |
| Point72 (DIFC) Ltd | $19,991 | 674 | 0.04% | Shares |
| Integrated Wealth Concepts LLC | $18,143 | 1,631 | 0.03% | Shares |
| Geneos Wealth Management Inc. | $17,953 | 1,613 | 0.03% | Shares |
| Steward Partners Investment Advisory, LLC | $17,386 | 1,562 | 0.03% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $17,084 | 576 | 0.03% | Shares |
| Nuveen Asset Management, LLC | $16,760 | 537 | 0.03% | Shares |
| Ameritas Investment Partners, Inc. | $16,194 | 1,455 | 0.03% | Shares |
Company insiders 8 insiders · 3 officers · 5 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jason E. Fox | CHIEF EXECUTIVE OFFICER | Nov. 1, 2023 A | 5 | 0 | 0 | $0 |
| Toniann Sanzone | CHIEF FINANCIAL OFFICER | Nov. 1, 2023 A | 4,170 | 0 | 0 | $0 |
| Brian H Zander | CHIEF ACCOUNTING OFFICER | Nov. 1, 2023 A | 152 | 0 | 0 | $0 |
| Jean Hoysradt | Director | Nov. 2, 2023 A | 10,878 | 0 | 0 | $0 |
| Axel K.A. Hansing | Director | Nov. 2, 2023 A | 10,666 | 0 | 0 | $0 |
| Richard J Pinola | Director | Nov. 2, 2023 A | 9,957 | 0 | 0 | $0 |
| John J Park | Director | Nov. 1, 2023 A | 37 | 0 | 0 | $0 |
| W. P. Carey Inc. | 10% owner | Nov. 1, 2023 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Asset Value Investors Ltd ×2 filings | Jan. 9, 2026 | 4.80% | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 23 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| BLDG · Cambria ETF Trust | 1.13% | 44,347 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.04% | 52,219 SH | Aug. 21, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 13,026 NS | May 31, 2026 | N-PORT |
| USRT · iShares Trust | 0.01% | 57,774 SH | Aug. 21, 2026 | Daily |
| IWN · iShares Trust | 0.01% | 150,840 SH | Aug. 21, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 86,756 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 12,954 SH | Aug. 19, 2026 | Daily |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.01% | 6,377 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 19,746 | Aug. 21, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.01% | 18,611 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 6,551 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 374,699 SH | Aug. 21, 2026 | Daily |
| ITWO · ProShares Trust | 0.00% | 701 NS | May 31, 2026 | N-PORT |
| DFAR · Dimensional ETF Trust | 0.00% | 4,860 NS | April 30, 2026 | N-PORT |
| RB · ProShares Trust | 0.00% | 3 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 549 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 554 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 14 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 25,070 SH | Aug. 21, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 3,814 SH | Aug. 21, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 174,387 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 464,848 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 993 SH | Aug. 19, 2026 | Daily |