NewLake Capital Partners, Inc.

NewLake Capital Partners, Inc.

NLCP
NewLake Capital Partners, Inc.US flagOther OTC
14.75
USD
-0.07
- -
303.57MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.55
1.65
2.1
2.23
2.44
- -
2.43
Basic EPS, GAAP
-0.5
0.66
1.03
1.16
1.27
- -
1.25
Free Cash Flow per Basic Share
0.35
1.57
1.73
1.89
2.11
- -
2.07
Dividend per Share
0.24
0.69
1.36
1.57
1.67
- -
1.73
Book Value per Share
-0.8
-1.37
-1.51
-1.92
-2.42
- -
-3.03
Tangible Book Value per Share
6.64
24.41
19.1
18.53
18.78
- -
18.25
Basic Weighted Avg Shares
21
17
21
21
21
- -
21
Sales/Revenue/Turnover
12
28
45
47
50
51
50
Operating Margin (%)
2.43
40.97
50.17
52.12
54.49
53.43
53.43
Depreciation Expense
3
8
13
14
15
16
16
Net Income, GAAP
-11
11
22
25
26
26
26
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-91.46
40.03
48.84
51.97
52.09
51.53
51.42
Working Capital
17
141
30
11
-2
8
9
LT Debt
- -
4
2
1
- -
- -
- -
Total Equity
141
439
431
412
404
395
392
Return on Invested Capital (%)
- -
3.94
5.15
5.82
6.62
6.71
6.64
Return on Capital (%)
- -
-117.2
-147.17
-92.15
-78.97
-66.81
-60.9
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8
8
8
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
273
328
298

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
28
34
35
Cash, Cash Equivalents & STI
24
24
25
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
26
26
26
Payables & Accruals
10
10
10
ST Debt
8
8
8
Deferred Revenue
1
1
1

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
40.19%
-2.3%
Free Cash Flow
- -
63.27%
-2.05%
Net Income, GAAP
- -
-18.16%
0.78%
Sales/Revenue/Turnover
- -
42.79%
1.88%
Total Cash Common Dividend
- -
59.26%
3.91%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13
12
13
13
50
2025
13
13
13
12
51
2026
12
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.33
0.33
0.31
0.29
1.27
2025
0.31
0.36
0.32
0.29
- -
2026
0.28
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.41
0.43
0.43
1.67
2025
0.44
0.43
0.43
0.43
- -
2026
0.44
- -
- -
- -
- -

Company Description

APIChat
CEO
Anthony Coniglio
Full Time Employees
8
Sector
Real Estate
Industry
REIT - Specialty
Address
27 Pine Street New Canaan CT United States of America 06840-5424
IPO Date
Aug 20, 2021
Business
NewLake Capital Partners, Inc. (NLCP) is an internally managed real estate investment trust that provides real estate capital to state-licensed cannabis operators in the United States through sale-leaseback transactions, third-party purchases, and funding for build-to-suit projects; its portfolio comprises approximately 33 properties, including 15 cultivation facilities and 18 dispensaries, leased on a triple-net basis to single tenants such as Trulieve Cannabis, Curaleaf, Cresco Labs, and Columbia Care across multiple states. The company, founded in 2019 and headquartered at 50 Locust Avenue, New Canaan, Connecticut, focuses on industrial and retail properties serving the cannabis supply chain, including cultivation, dispensaries, logistics, and manufacturing facilities, with tenants demonstrating strong rent coverage of 4-6 times EBITDA. In recent developments, NewLake amended lease agreements with C3 Industries in October 2025 for properties in Hartford and Missouri, agreeing to pursue a sale of the Hartford asset with reimbursement protections for any shortfall below investment basis; additionally, AYR Wellness, operator at two NewLake properties, entered a restructuring support agreement with senior noteholders in July 2025, under which certain assets may be acquired while others are wound down, amid limited acquisition activity of $1.7 million in the first half of 2025.

Company News

APIChat
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  • NewLake Capital: Why This 12% Dividend Yield Is Safer Than It Looks

  • My 10 REIT Portfolio That Pays Me $3,000 Each Month

  • NewLake Capital Partners: Collect A Double-Digit Yield From This Cannabis Landlord

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  • 3 Reasons to Buy NewLake Capital Partners Stock and 1 Reason Not To