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 31 cultivation facilities and 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)
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
8-K
Departure of Directors or Certain Officers
21 Dec 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
NewLake Capital Partners Reports Third Quarter 2023 Financial Results
9 Nov 23
8-K
NewLake Capital Partners Maintains Third Quarter
18 Sep 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
NewLake Capital Partners Reports Second Quarter 2023 Financial Results
9 Aug 23
8-K
NewLake Capital Partners Maintains Second Quarter
15 Jun 23
424B4
Prospectus supplement with pricing info
14 Jun 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
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) | 31.07 mm | 31.07 mm | 31.07 mm | 31.07 mm | 31.07 mm | 31.07 mm |
Cash burn (monthly) | 3.20 mm | 1.16 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 21.79 mm | 7.91 mm | n/a | n/a | n/a | n/a |
Cash remaining | 9.27 mm | 23.15 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 2.9 | 19.9 | 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 |
---|---|---|---|---|---|---|---|---|---|---|
28 Mar 24 | Gordon F Dugan | Common Stock, par value $0.01 per share | Buy | Acquire P | No | No | 19.12 | 520 | 9.94 k | 50,607 |
28 Mar 24 | Anthony Coniglio | Common Stock, par value $0.01 per share | Buy | Acquire P | No | No | 19.22 | 350 | 6.73 k | 579,469 |
20 Mar 24 | Anthony Coniglio | Common Stock, par value $0.01 per share | Buy | Acquire P | No | No | 18.38 | 100 | 1.84 k | 579,119 |
19 Mar 24 | Anthony Coniglio | Common Stock, par value $0.01 per share | Buy | Acquire P | No | No | 17.96 | 300 | 5.39 k | 579,019 |
18 Mar 24 | David L. Weinstein | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 17.7 | 3,442 | 60.92 k | 114,347 |
15 Mar 24 | David L. Weinstein | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 17.07 | 4,007 | 68.40 k | 117,789 |
13 Mar 24 | Peter A. Kadens | Common Stock, par value $0.01 per share | Buy | Acquire P | No | No | 16.44 | 600 | 9.86 k | 105,510 |
News
Mortgage And Property Finance Giant's $354M Portfolio: Growth Amid Cannabis Sector Volatility
12 Apr 24
How To Secure Dividends And Returns In Marijuana Real Estate: Analysis Reveals Stock With Potential
5 Apr 24
Zuanic & Associates Maintains Overweight on NewLake Capital Partnersto Overweight
5 Apr 24
Compass Point Upgrades NewLake Capital Partners to Buy, Announces $18.25 Price Target
14 Mar 24
Cannabis REIT NewLake: YoY Increase In Q4 & FY 2023 Revenue Amid 'Challenging Environment,' CEO Says
11 Mar 24
Press releases
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
NewLake Capital Partners, Inc. Announces Tax Characteristics of 2023 Dividends
26 Jan 24