BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

NLOP: A Contrarian Deep Value Asset Story

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

NET Lease Office Properties / Equity Bottom-Up

<ul>
<li>NLOP has continued to reduce the number of properties it owns through further dispositions during the first quarter and so far through the second quarter. </li>
<li>The pace of selling is likely to continue until NLOP has reduced its mezzanine and senior secured mortgage debt to zero. </li>
<li>AFFO was $20.0 million, in the first quarter, which was more than we were expecting.</li>
</ul>


NLOP has continued to reduce the number of properties it owns through further dispositions during the first quarter and so far through the second quarter. 
The pace of selling is likely to continue until NLOP has reduced its mezzanine and senior secured mortgage debt to zero. 
AFFO was $20.0 million, in the first quarter, which was more than we were expecting.


NET Lease Office Properties

NLOP: Sale Process Continues