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Complete financial analysis of NewLake Capital Partners, Inc. (NLCP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of NewLake Capital Partners, Inc., a leading company in the REIT – Specialty industry within the Real Estate sector.
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NewLake Capital Partners, Inc. (NLCP)
About NewLake Capital Partners, Inc.
NewLake Capital Partners is a leading provider of real estate capital to state-licensed cannabis operators. Founded in 2019, it is a triple-net lease REIT that acquires industrial and retail properties through sale-leaseback transactions, third-party purchases and build-to-suit projects. Its tenants are some of the leading operators in the U.S. state-licensed cannabis industry and it is a trusted partner for their real estate needs.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 47.30M | 44.79M | 28.20M | 11.66M | 275.00K |
| Cost of Revenue | 14.92M | 60.00K | 144.00K | 15.62M | 43.00K |
| Gross Profit | 32.38M | 44.73M | 28.06M | -3.96M | 232.00K |
| Gross Profit Ratio | 68.45% | 99.87% | 99.49% | -33.93% | 84.36% |
| Research & Development | 0.00 | 0.50 | 0.41 | -0.89 | -3.22 |
| General & Administrative | 7.56M | 9.39M | 8.47M | 8.78M | 2.20M |
| Selling & Marketing | 167.00K | 0.00 | 0.00 | 0.00 | 5.61K |
| SG&A | 7.73M | 9.39M | 8.47M | 8.78M | 2.21M |
| Other Expenses | 0.00 | 12.83M | 8.10M | 2.60M | 6.00K |
| Operating Expenses | 21.99M | 22.22M | 16.56M | 11.38M | 2.46M |
| Cost & Expenses | 22.65M | 22.22M | 16.71M | 11.38M | 1.17M |
| Interest Income | 747.00K | 113.00K | 100.00K | 153.00K | 6.00K |
| Interest Expense | 379.00K | 273.00K | 6.00K | 0.00 | 0.00 |
| Depreciation & Amortization | 14.27M | 22.42M | 16.56M | 23.74M | 34.00K |
| EBITDA | 38.92M | 35.34M | 19.59M | -7.83M | -857.00K |
| EBITDA Ratio | 82.28% | 79.28% | 69.83% | 26.06% | -311.64% |
| Operating Income | 24.66M | 22.52M | 11.50M | 436.00K | -891.00K |
| Operating Income Ratio | 52.12% | 50.27% | 40.76% | 3.74% | -324.00% |
| Total Other Income/Expenses | 368.00K | -160.00K | 94.00K | 153.00K | 413.57K |
| Income Before Tax | 25.02M | 22.36M | 11.59M | -10.43M | -885.00K |
| Income Before Tax Ratio | 52.90% | 49.91% | 41.09% | -89.45% | -321.82% |
| Income Tax Expense | 0.00 | 540.00K | 362.00K | 234.00K | -891.00K |
| Net Income | 24.59M | 21.98M | 11.23M | -10.67M | -885.00K |
| Net Income Ratio | 51.97% | 49.06% | 39.83% | -91.46% | -321.82% |
| EPS | 1.18 | 1.03 | 0.52 | -0.50 | 0.00 |
| EPS Diluted | 1.16 | 1.01 | 0.51 | -0.50 | -885.00K |
| Weighted Avg Shares Out | 21.17M | 21.42M | 21.42M | 21.24M | 0.00 |
| Weighted Avg Shares Out (Dil) | 21.55M | 21.81M | 21.81M | 21.24M | 0.00 |
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