NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 32 properties comprised of 15 cultivation facilities and 17 dispensaries that are leased to single tenants on a triple-net basis. For more information, please visit www.newlake.com.
Company profile
Ticker
NLCP
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
GA 2 (Uncasville CT) LLC • GA 3 (Sinking Spring PA) LLC • GA 5 (Sterling MA) LLC • GA NA 1 (Lincoln IL) LLC • GA NA 3 (Mount Dora FL) LLC • NLCP 1 Oak Hill Rd MA, LLC • NLCP 1036 West Dekalb Pike PA, LLC • NLCP 1120 Cummins Dr MO, LLC • NLCP 1150 North 21St St OH, LLC • NLCP 1413 W North IL, LLC ...
IRS number
834400045
Latest filings (excl ownership)
8-K
Changes in Registrant's Certifying Accountant
21 Jun 24
8-K
Entry into a Material Definitive Agreement
10 Jun 24
424B5
Prospectus supplement for primary offering
10 Jun 24
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
NewLake Capital Partners Reports First Quarter 2024 Financial Results
9 May 24
ARS
2023 FY
Annual report to shareholders
25 Apr 24
DEFA14A
Additional proxy soliciting materials
25 Apr 24
DEF 14A
Definitive proxy
25 Apr 24
10-K
2023 FY
Annual report
11 Mar 24
8-K
Raises First Quarter 2024 Common Stock Dividend to $0.41 per Share
11 Mar 24
Transcripts
NLCP
Earnings call transcript
2024 Q1
9 May 24
NLCP
Earnings call transcript
2023 Q4
11 Mar 24
NLCP
Earnings call transcript
2023 Q1
10 May 23
NLCP
Earnings call transcript
2022 Q4
9 Mar 23
NLCP
Earnings call transcript
2022 Q2
10 Aug 22
NLCP
Earnings call transcript
2022 Q1
13 May 22
NLCP
Earnings call transcript
2021 Q4
17 Mar 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 21.55 mm | 21.55 mm | 21.55 mm | 21.55 mm | 21.55 mm | 21.55 mm |
Cash burn (monthly) | 1.43 mm | 1.66 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 3.90 mm | 4.53 mm | n/a | n/a | n/a | n/a |
Cash remaining | 17.64 mm | 17.02 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 12.3 | 10.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
0.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 1 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 315.19 mm |
Total shares | 27.14 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
AXS Investments | 25.52 k | $315.17 mm |
Copeland Capital Management | 1.62 k | $20.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Jun 24 | Alan Jeffrey Carr | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 19.25 | 3,117 | 60.00 k | 15,538 |
12 Jun 24 | Peter Wiser Martay | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 19.25 | 3,117 | 60.00 k | 88,243 |
12 Jun 24 | Peter A. Kadens | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 19.25 | 3,117 | 60.00 k | 108,627 |
12 Jun 24 | David L. Weinstein | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 19.25 | 3,117 | 60.00 k | 117,464 |
12 Jun 24 | Gordon F Dugan | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 19.25 | 4,675 | 89.99 k | 55,282 |
News
High-Yield Dividends In The Cannabis REIT Market: Why Debt-Free NewLake Capital Stands Out
20 Jun 24
Cannabis Chart Of The Week: Lenders Vs. Borrowers – The Wisdom Of Diversification
17 Jun 24
Cannabis Property Funds Control Over $4.5B: Are Investors Missing Out On High Dividend Stocks?
14 Jun 24
Cannabis Chart Of The Week: Are Ancillary Sectors Participating In The Rescheduling Price Upswing?
20 May 24
Cannabis REIT NewLake's Q1 2024 Revenue Grows 10.4% Hitting $12.6M, CEO Is Optimistic About Possible Marijuana Rescheduling
9 May 24
Press releases
NewLake Capital Partners Increases Second Quarter 2024 Common Stock Dividend to $0.43 per Share
13 Jun 24
NewLake Capital to Participate in Fireside Chat at the KCSA Cannabis Virtual Investor Conference on June 5th
30 May 24
NewLake Capital Partners Issues Statement on Cannabis Being Rescheduled to Schedule III
1 May 24
NewLake Capital Partners to Host First Quarter 2024 Earnings Call on May 9th at 11:00 a.m. ET
11 Apr 24
NewLake Capital Partners Issues Statement on the Florida Supreme Court's Decision on Amendment 3, the Cannabis Adult-Use Ballot Measure
1 Apr 24