NLCP · Newlake Capital Partners, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $51.07M | $50.13M | $47.30M | $44.79M | $11.66M |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| R&D | - | - | - | - | - |
| SG&A | $7.12M | $7.91M | $7.56M | $9.39M | $4.06M |
| Total Operating Expenses | $23.83M | $22.87M | $22.48M | $22.22M | $23.74M |
| D&A | $15.52M | $14.71M | $14.27M | $12.82M | $2.60M |
| Operating Income | $27.25M | $26.79M | $24.66M | $22.52M | ($10.59M) |
| Interest Expense | $839.0K | $565.0K | $379.0K | $273.0K | $0 |
| Income Tax | - | - | - | - | - |
| Net Income | $26.32M | $26.11M | $21.98M | $21.98M | ($10.68M) |
| EPS - Basic | $1.28 | $1.27 | $1.16 | $1.03 | ($1.50) |
| EPS - Diluted | $1.28 | $1.27 | $1.16 | $1.03 | ($1.50) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $23.94M | $20.21M | $25.84M | $45.19M | $127.10M |
| Accounts Receivable | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - |
| Current Assets | - | - | - | - | - |
| Total Assets | $420.83M | $431.54M | $433.29M | $454.25M | $460.88M |
| Current Liabilities | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - |
| Total Liabilities | $26.14M | $27.56M | $21.34M | $23.31M | $21.55M |
| Stockholders' Equity | $387.94M | $396.76M | $404.58M | $423.55M | $427.56M |
| Retained Earnings | ($59.45M) | ($50.07M) | ($40.91M) | ($32.49M) | ($23.57M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | $42.46M | $43.35M | $40.08M | $37.01M | $7.35M |
| Investing Cash Flow | ($1.49M) | ($19.14M) | ($12.84M) | ($86.45M) | ($65.05M) |
| Financing Cash Flow | ($37.25M) | ($29.84M) | ($46.60M) | ($32.46M) | $10.42M |
| CapEx | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | - | - | - | - | - |
| Operating margin | 53.4% | 53.4% | 52.1% | 50.3% | -90.8% |
| EBITDA margin | 83.7% | 82.8% | 82.3% | 78.9% | -68.4% |
| Net margin | 51.5% | 52.1% | 46.5% | 49.1% | -91.6% |
| Free cash flow margin | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | 13.9% | 15.8% | 16.0% | 21.0% | 34.8% |
| Effective tax rate | - | - | - | - | - |
| Return on assets | 6.3% | 6.1% | 5.1% | 4.8% | -2.3% |
| Return on equity | 6.8% | 6.6% | 5.4% | 5.2% | -2.5% |
| Return on invested capital | - | - | - | - | - |
| Liquidity | |||||
| Current ratio | - | - | - | - | - |
| Quick ratio | - | - | - | - | - |
| Cash ratio | - | - | - | - | - |
| Leverage | |||||
| Debt / Equity | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | 32.5x | 47.4x | 65.1x | 82.5x | - |
| Equity multiplier | 1.08 | 1.09 | 1.07 | 1.07 | 1.08 |
| Liabilities / Assets | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 |
| Efficiency | |||||
| Asset turnover | 0.12 | 0.12 | 0.11 | 0.10 | 0.03 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | 12.4x | 13.8x | 13.8x | 15.6x | - |
| P / B | 0.9x | 0.9x | 0.9x | 0.8x | 0.5x |
| P / S | 6.5x | 7.3x | 7.3x | 7.8x | 17.5x |
| EV / EBITDA | 7.3x | 8.4x | 8.2x | 8.6x | - |
| Growth | |||||
| Revenue growth (YoY) | 1.9% | 6.0% | 5.6% | 284.1% | - |
| Revenue CAGR (3y) | 4.5% | 62.6% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - |
| Operating income growth (YoY) | 1.7% | 8.7% | 9.5% | - | - |
| Net income growth (YoY) | 0.8% | 18.8% | 0.0% | - | - |
| EPS growth (YoY) | 0.8% | 9.5% | 12.6% | - | - |
| EPS CAGR (3y) | 7.5% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -2.2% | -1.9% | -4.5% | -0.9% | - |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing NewLake Capital Partners against the 5 most active filers in the same SIC group.
Dividends
$1.72/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.4300 |
| Dec 31, 2025 | $0.4300 |
| Sep 30, 2025 | $0.4300 |
| Jun 30, 2025 | $0.4300 |
| Mar 31, 2025 | $0.4300 |
| Dec 31, 2024 | $0.4300 |
| Sep 30, 2024 | $0.4300 |
| Jun 28, 2024 | $0.4300 |
| Mar 27, 2024 | $0.4100 |
| Dec 28, 2023 | $0.4000 |
| Sep 28, 2023 | $0.3900 |
| Jun 29, 2023 | $0.3900 |
| Mar 30, 2023 | $0.3900 |
| Dec 29, 2022 | $0.3900 |
| Sep 29, 2022 | $0.3700 |
| Jun 29, 2022 | $0.3500 |
| Mar 30, 2022 | $0.3300 |
| Dec 30, 2021 | $0.3100 |
| Sep 29, 2021 | $0.1200 |