Financial Snapshot

Revenue
$50.64M
TTM
Gross Margin
98.39%
TTM
Net Earnings
$27.05M
TTM
Current Assets
$19.83M
Q3 2024
Current Liabilities
$19.39M
Q3 2024
Current Ratio
102.27%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$406.9M
Q3 2024
Cash
Q3 2024
P/E
14.48
Nov 29, 2024 EST
Free Cash Flow
$41.21M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $47.30M $44.79M $28.20M $11.66M $874.4K
YoY Change 5.6% 58.84% 141.8% 1233.84%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $47.30M $44.79M $28.20M $11.66M $874.4K
Cost Of Revenue $657.0K $144.0K
Gross Profit $46.65M $28.06M
Gross Profit Margin 98.61% 99.49%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $7.559M $9.393M $8.465M $21.14M $1.556M
YoY Change -19.53% 10.96% -59.95% 1258.36%
% of Gross Profit 16.2% 30.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.27M $12.83M $8.097M $2.603M $192.2K
YoY Change 11.24% 58.39% 211.06% 1254.32%
% of Gross Profit 30.58% 28.86%
Operating Expenses $22.48M $22.22M $16.71M $23.74M $1.748M
YoY Change 1.19% 32.99% -29.63% 1257.88%
Operating Profit $24.66M $22.52M $11.50M -$10.59M
YoY Change 9.5% 95.88% -208.59%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $379.0K $273.0K $6.000K $0.00 $536.6K
YoY Change 38.83% 4450.0% -100.0%
% of Operating Profit 1.54% 1.21% 0.05%
Other Income/Expense, Net $368.0K -$160.0K $94.00K $153.0K
YoY Change -330.0% -270.21% -38.56%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $25.02M $22.36M $11.59M -$10.43M -$437.4K
YoY Change 11.93% 92.91% -211.07% 2285.56%
Income Tax
% Of Pretax Income
Net Earnings $24.59M $22.36M $11.59M -$10.43M -$437.4K
YoY Change 9.97% 92.91% -211.08% 2285.39%
Net Earnings / Revenue 51.97% 49.91% 41.09% -89.45% -50.02%
Basic Earnings Per Share $1.16 $1.03 $0.66 -$1.50
Diluted Earnings Per Share $1.16 $1.03 $0.65 -$1.50 -$20.60K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $25.84M $45.19M $127.1M $19.62M $66.90M
YoY Change -42.82% -64.44% 547.88% -70.68%
Cash & Equivalents $25.84M $45.19M $127.1M $19.62M $66.90M
Short-Term Investments
Other Short-Term Assets $2.554M $858.0K
YoY Change 197.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $25.84M $47.75M $128.0M $19.62M $66.90M
YoY Change -45.87% -62.69% 552.25% -70.68%
Property, Plant & Equipment $380.6M $379.7M $278.9M $124.0M $75.30M
YoY Change 0.22% 36.14% 125.01% 64.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $407.4M $406.5M $332.9M $124.6M $75.65M
YoY Change 0.23% 22.1% 167.28% 64.65%
Total Assets $433.3M $454.2M $460.9M $144.2M $142.6M
YoY Change
Accounts Payable $1.117M $1.659M $1.404M $435.4K $300.0K
YoY Change -32.67% 18.16% 222.45% 45.14%
Accrued Expenses $185.0K $1.659M $3.548M $435.4K $330.7K
YoY Change -88.85% -53.24% 714.85% 31.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.30M $17.95M $16.36M $3.149M $958.2K
YoY Change 1.99% 9.69% 419.51% 228.64%
Long-Term Debt $2.000M $2.986M $3.759M $0.00 $0.00
YoY Change -33.02% -20.56%
Other Long-Term Liabilities $1.032M $2.380M $1.429M $0.00 $445.2K
YoY Change -56.64% 66.55% -100.0%
Total Long-Term Liabilities $3.032M $5.366M $5.188M $0.00 $445.2K
YoY Change -43.5% 3.43% -100.0%
Total Liabilities $28.71M $30.70M $33.33M $9.415M $11.40M
YoY Change -6.49% -7.89% 254.0% -17.44%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 21.17M shares 21.42M shares 17.01M 7.123M
Diluted Shares Outstanding 21.55M shares 21.81M shares 17.57M 7.123M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $391.78 Million

About NewLake Capital Partners, Inc.

NewLake Capital Partners, Inc. provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases and funding for build-to-suit projects. The company is headquartered in New Canaan, Connecticut and currently employs 8 full-time employees. The company went IPO on 2021-08-19. The firm supplies necessary real estate capital primarily to companies that cultivate, produce and/or dispense cannabis. The firm owns a portfolio of approximately 31 properties comprised of 14 cultivation facilities and 17 dispensaries. The firm's properties are leased to single tenants on a long-term, triple-net basis, which obligates the tenant to be responsible for the ongoing expenses of a property, in addition to its rent obligations. Its properties are located in Florida, Pennsylvania, Illinois, Massachusetts, Missouri, Nevada, Arizona, California, Ohio, North Dakota, Arkansas and Connecticut.

Industry: Real Estate Investment Trusts Peers: Prologis, Inc. INDUS REALTY TRUST, INC. Industrial Logistics Properties Trust INNOVATIVE INDUSTRIAL PROPERTIES INC Plymouth Industrial REIT, Inc.