NewLake Capital Partners, Inc. (NLCP) Financial Statements (2024 and earlier)

Company Profile

Business Address 50 LOCUST AVENUE
NEW CANAAN, CT 06840
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,84345,192127,097
Cash and cash equivalents25,84345,192127,097
Total current assets:25,84345,192127,097
Noncurrent Assets
Operating lease, right-of-use asset 273 
Property, plant and equipment45,55621,42715,649
Intangible assets, net (including goodwill)19,77921,76524,002
Intangible assets, net (excluding goodwill)19,77921,76524,002
Total noncurrent assets:65,33543,46539,651
Other undisclosed assets342,114365,592294,135
TOTAL ASSETS:433,292454,249460,883
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities21,33523,31121,548
Total liabilities:21,33523,31121,548
Equity
Equity, attributable to parent404,585423,549427,555
Common stock205214213
Additional paid in capital445,289455,822450,916
Accumulated deficit(40,909)(32,487)(23,574)
Equity, attributable to noncontrolling interest7,3727,38911,780
Total equity:411,957430,938439,335
TOTAL LIABILITIES AND EQUITY:433,292454,249460,883

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues47,30444,79428,201
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (167)  
Other undisclosed gross profit   
Gross profit:47,13744,79428,201
Operating expenses(22,482)(22,218)(16,706)
Other undisclosed operating income (loss) (60) 
Operating income:24,65522,51611,495
Nonoperating income (expense)368(160)94
Investment income, nonoperating  113100
Other nonoperating income747  
Interest and debt expense(379)(273)(6)
Income from continuing operations:24,64422,08311,583
Income before gain (loss) on sale of properties:11,583
Other undisclosed net income3792736
Net income:25,02322,35611,589
Net loss attributable to noncontrolling interest(438) (270)
Net income attributable to parent:24,58522,35611,319
Preferred stock dividends and other adjustments   (4)
Undistributed earnings (loss) allocated to participating securities, basic   (86)
Other undisclosed net loss available to common stockholders, basic  (380) 
Net income available to common stockholders, basic:24,58521,97611,229
Other undisclosed net income available to common stockholders, diluted438380 
Net income available to common stockholders, diluted:25,02322,35611,229

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income:25,02322,35611,589
Comprehensive income:25,02322,35611,589
Comprehensive loss, net of tax, attributable to noncontrolling interest(438) (270)
Comprehensive income, net of tax, attributable to parent:24,58522,35611,319

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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