NLCP · XBRL financial data

NewLake Capital Partners financial statements, every fiscal year

The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NLCP's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	28,201	44,794	47,304	50,131	51,071
General and administrative	6,445	9,393	7,559	7,914	7,121
Total operating expenses	16,706	22,218	22,482	22,866	23,831
Operating income (loss)	11,495	22,516	24,655	26,794	27,251
Interest income	100	113	—	—	—
Interest expense	6	273	379	565	839
Net income (loss)	—	21,976	24,585	26,115	26,318
Earnings per share, basic USD per share	0.66	1.03	1.16	1.27	1.28
Earnings per share, diluted USD per share	0.65	1.03	1.16	1.27	1.28
Weighted average shares, basic thousands of shares	17,012	21,418	21,169	20,564	20,618
Weighted average shares, diluted thousands of shares	17,566	21,811	21,549	20,964	20,992

Fiscal years (NLCP's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	127,097	45,192	25,843	20,213	23,937
Right-of-use asset	—	273	177	110	118
Total assets	460,883	454,249	433,292	431,536	420,829
Total liabilities	21,548	23,311	21,335	27,564	26,141
Accumulated deficit	(23,574)	(32,487)	(40,909)	(50,067)	(59,449)
Total stockholders' equity	427,555	423,549	404,585	396,765	387,941
Total liabilities and equity	460,883	454,249	433,292	431,536	420,829
Common shares outstanding (cover page) thousands of shares	21,239	21,409	20,504	20,534	20,577

Fiscal years (NLCP's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	—	21,976	24,585	26,115	26,318
Stock-based compensation	2,020	1,493	1,439	1,674	1,066
Depreciation and amortization	8,097	12,825	14,266	14,713	15,520
Net cash from operating activities	26,697	37,008	40,084	43,349	42,461
Net cash from investing activities	(39,907)	(86,453)	(12,835)	(19,135)	(1,490)
Proceeds from issuing common stock	133,085	0	—	—	—
Share repurchases	—	0	11,807	0	—
Dividends paid	11,665	28,993	33,058	34,250	35,328
Repayments of long-term debt	0	1,800	1,000	1,000	0
Net cash from financing activities	120,690	(32,460)	(46,598)	(29,844)	(37,247)
Net change in cash	107,480	(81,905)	(19,349)	(5,630)	3,724

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Quarter
NewLake Capital Partners	25,762	12,087	10,454*	20.6M	Q2 FY26 10-QJun 30, 2026
Chicago Atlantic Real Estate Finance	13,352	not reported	9,055*	25.6M	Q2 FY26 10-QJun 30, 2026
FrontView REIT	6,001	18,005	11,431*	24.5M	Q2 FY26 10-QJun 30, 2026
Ares Commercial Real Estate	17,558	14,356	63,546*	55.5M	Q2 FY26 10-QJun 30, 2026
TPG Mortgage Investment Trust	61,636	not reported	24,240*	31.8M	Q2 FY26 10-QJun 30, 2026
Strategic Student & Senior Housing Trust	8,113	10,313	841*	not reported	Q2 FY26 10-QJun 30, 2026
Alpine Income Property Trust	11,722	20,460	2,007*	17.9M	Q3 FY26 10-QSep 30, 2026
Industrial Logistics Properties Trust	130,657	not reported	12,930*	67.0M	Q3 FY26 10-QSep 30, 2026
JOINT	22,157	not reported	2,192*	14.1M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.