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NewLake Capital Partners

(OTC) NLCP

Current Price$15.43
Market CapN/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-17%
5 YearN/A
1 Year+23%
1 Month+4%
NewLake Capital Partners last closing stock price
MetricPriceDate
Last closeUSD 15.432026-07-16
NewLake Capital Partners stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.15%USD 15.612026-07-09
1 month+3.99%USD 14.842026-06-16
3 month+11.68%USD 13.822026-04-17
Year to date+2.57%USD 15.042025-12-31
1 year+22.87%USD 12.562025-07-16
3 year+41.61%USD 10.902023-07-17
Since inception-17.3%USD 18.662021-08-20

NewLake Capital Partners Financials at a Glance

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$50.17M

Net Income (TTM)

$25.80M

EPS (TTM)

$1.23

P/E Ratio

12.65

Dividend

$1.72

Beta (Volatility)

0.00 (Low)

Price

$15.43

Volume

34,846

Open

$15.59

Previous Close

$15.43

Daily Range

$15.41 - $15.59

52-Week Range

$12.09 - $16.75

Estimated Earnings Date

Aug 5, 2026

NLCP News

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

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NewLake (NLCP) Q2 Revenue Rises 3.8%

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Page 1

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About NewLake Capital Partners

NewLake Capital Partners provides real estate funding for U.S. cannabis businesses. It leases properties to companies growing or selling cannabis. This helps operators access facilities when traditional banks will not lend.

Products and Services

  • Industrial Property Leasing: Leases cultivation facilities to cannabis growers (91.8% of 2025 rental income).
  • Retail Property Leasing: Leases dispensary locations to cannabis retailers (8.2% of 2025 rental income).
  • Sale-Leaseback Transactions: Buys properties from cannabis operators and leases them back, freeing up capital.
  • Build-to-Suit Projects: Develops custom facilities for tenants, then leases them under long-term agreements.
  • Tenant Improvement Funding: Provides capital for property upgrades, supporting tenant operations and compliance.

Growth and Expansion

  • Acquired three dispensaries in 2025, investing approximately $1.7 million in new assets.
  • Completed a property exchange in 2025, swapping an Illinois site for one in Pennsylvania.
  • Funded approximately $0.7 million in property improvements in 2025, with approximately $0.4 million committed for future upgrades.
  • Expanded portfolio to 34 properties across 12 states by December 2025.
  • Focused on limited-license states, targeting markets with higher barriers to entry.

What Makes NewLake Capital Partners Stand Out

The company specializes in real estate for cannabis operators, a sector underserved by traditional banks. Its triple-net lease model shifts property expenses to tenants, reducing operating risk. Diversification across states and tenants helps manage regulatory and credit risks.

Five Things You Need to Know

  • Total revenue was $51.1 million in 2025, up 1.9% from 2024.
  • Net income margin reached 52.4% in 2025, reflecting strong profitability.
  • Funds from operations (FFO) rose to $42.3 million in 2025, up 2.5% year-over-year.
  • Portfolio occupancy was 91% at year-end 2025, with three vacant properties.

Bottom Line

NewLake Capital Partners has built a focused real estate portfolio serving U.S. cannabis operators. Its strategy emphasizes diversification, risk management, and steady income from long-term leases.

AI Generated • Apr 16, 2026

Industry

Industrial REITs

Sector

Real Estate

Employees

7

CEO

Anthony Coniglio, CPA

Website

www.newlake.com

Headquarters

New Canaan, CT 06840-5424, US

NLCP Financials

Key Financial Metrics (TTM)

Gross Margin

20.46%

Operating Margin

53.36%

Net Income Margin

51.42%

Return on Equity

6.63%

Return on Capital

6.89%

Return on Assets

6.18%

Earnings Yield

7.91%

Dividend Yield

11.07%

Payout Ratio

1.38%

Stock Overview

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

0

Volume

34.85K

Avg. Volume

88.84K

Financials (TTM)

Gross Profit

$10.27M

Operating Income

$26.77M

EBITDA

$42.51M

Operating Cash Flow

$42.69M

Capital Expenditure

$0.00

Free Cash Flow

$42.69M

Cash & ST Invst.

$24.77M

Total Debt

$7.70M

NewLake Capital Partners Performance Analysis

NewLake Capital Partners annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 45,000,00060.4%
20232023-12-31USD 47,304,0005.1%
20242024-12-31USD 50,131,0006.0%
20252025-12-31USD 51,071,0001.9%
NewLake Capital Partners sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-2.1%
Q32025-09-30-2.7%
Q42025-12-31-1.9%
Q12026-03-31-0.3%
NewLake Capital Partners annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.0195.7%
20232023-12-31USD 1.1413.2%
20242024-12-31USD 1.259.2%
20252025-12-31USD 1.250.6%
NewLake Capital Partners sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3016.7%
Q32025-09-30-8.6%
Q42025-12-31-9.4%
Q12026-03-31-6.9%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$12.31M

-6.8%

Gross Profit

$4.01M

-68.1%

Gross Margin

32.56%

N/A

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

7

N/A

Net Income

$5.78M

-8.3%

EBITDA

$9.96M

-4.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$24.77M

+24.2%

Total Debt

$7.70M

+0.1%

Accounts Receivable

$4.94M

+0.9%

Inventory

$0.00

N/A

Long Term Debt

$7.64M

-0.0%

Short Term Debt

$59.00K

+1.7%

Return on Assets

6.18%

N/A

Return on Invested Capital

6.41%

N/A

Free Cash Flow

$10.39M

+2.3%

Operating Cash Flow

$10.39M

+2.3%

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Questions About NLCP

What is the current price of NewLake Capital Partners?

NewLake Capital Partners is trading at $15.43 per share.

What is the 52-week range for NewLake Capital Partners?

Over the past 52 weeks, NewLake Capital Partners has traded between $12.09 and $16.75.

How much debt does NewLake Capital Partners have?

As of the most recent reporting period, NewLake Capital Partners reported total debt of $7.70M.

How much cash does NewLake Capital Partners have on hand?

NewLake Capital Partners reported $24.77M in cash and cash equivalents in its most recent financial results.

What is NewLake Capital Partners’s dividend yield?

NewLake Capital Partners currently has a dividend yield of 11.07%.

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