$NLCP
NewLake Capital Partners, Inc.

2022 Q4 Form 10-Q Financial Statement

#000162828022029322 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $12.18M $12.07M
YoY Change 34.65% 49.23%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.559M $1.733M
YoY Change -22.09% -39.57%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.712M $3.100M
YoY Change 48.72% 55.0%
% of Gross Profit
Operating Expenses $5.271M $5.363M
YoY Change 17.21% 0.58%
Operating Profit $6.710M
YoY Change 143.29%
Interest Expense -$96.00K $94.00K
YoY Change -277.78% 347.62%
% of Operating Profit 1.4%
Other Income/Expense, Net -$87.00K
YoY Change -514.29%
Pretax Income $6.809M $6.623M
YoY Change 52.81% 138.32%
Income Tax
% Of Pretax Income
Net Earnings $6.691M $6.623M
YoY Change 54.31% 138.32%
Net Earnings / Revenue 54.95% 54.86%
Basic Earnings Per Share $0.30
Diluted Earnings Per Share $0.31 $0.30
COMMON SHARES
Basic Shares Outstanding 21.40M shares 21.32M
Diluted Shares Outstanding 21.80M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.19M $45.02M
YoY Change -64.44% -73.17%
Cash & Equivalents $45.19M $45.02M
Short-Term Investments
Other Short-Term Assets $2.554M $2.667M
YoY Change 197.67% 146.26%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $47.75M $47.69M
YoY Change -62.69% -71.76%
LONG-TERM ASSETS
Property, Plant & Equipment $379.7M $379.4M
YoY Change 36.14% 46.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $406.5M $406.9M
YoY Change 22.1% 43.97%
TOTAL ASSETS
Total Short-Term Assets $47.75M $47.69M
Total Long-Term Assets $406.5M $406.9M
Total Assets $454.2M $454.6M
YoY Change -1.44% 0.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.659M $2.000M
YoY Change 18.5% 42.86%
Accrued Expenses $1.659M $1.967M
YoY Change -53.24% 38.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.95M $17.34M
YoY Change 9.69% 83.06%
LONG-TERM LIABILITIES
Long-Term Debt $2.986M $2.980M
YoY Change -20.56%
Other Long-Term Liabilities $2.380M $1.138M
YoY Change 66.55% 82.66%
Total Long-Term Liabilities $5.366M $4.118M
YoY Change 3.43% 561.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.95M $17.34M
Total Long-Term Liabilities $5.366M $4.118M
Total Liabilities $23.31M $21.46M
YoY Change 8.18% 112.55%
SHAREHOLDERS EQUITY
Retained Earnings -$32.49M -$30.81M
YoY Change 37.81% 44.47%
Common Stock $214.0K $214.0K
YoY Change 0.47% 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $423.5M $425.8M
YoY Change
Total Liabilities & Shareholders Equity $454.2M $454.6M
YoY Change -1.44% 0.68%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $6.691M $6.623M
YoY Change 54.31% 138.32%
Depreciation, Depletion And Amortization $3.712M $3.100M
YoY Change 48.72% 55.0%
Cash From Operating Activities $13.48M $7.796M
YoY Change 23.45% 31.4%
INVESTING ACTIVITIES
Capital Expenditures $1.550M $2.000K
YoY Change -112.6% -200.0%
Acquisitions
YoY Change
Other Investing Activities -$1.727M -$4.726M
YoY Change -95.3% 173.18%
Cash From Investing Activities -$3.277M -$4.724M
YoY Change -93.31% 172.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.04M -7.651M
YoY Change 283.42% -108.79%
NET CHANGE
Cash From Operating Activities 13.48M 7.796M
Cash From Investing Activities -3.277M -4.724M
Cash From Financing Activities -10.04M -7.651M
Net Change In Cash 169.0K -4.579M
YoY Change -100.42% -105.02%
FREE CASH FLOW
Cash From Operating Activities $13.48M $7.796M
Capital Expenditures $1.550M $2.000K
Free Cash Flow $11.93M $7.794M
YoY Change -48.62% 31.32%

Facts In Submission

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125000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
2205000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1820000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
4000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
11002000 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
90000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
281000 usd
nlcp Adjustment For Noncontrolling Interest Ownership In Operating Partnership
AdjustmentForNoncontrollingInterestOwnershipInOperatingPartnership
0 usd
CY2022Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
7000 usd
us-gaap Profit Loss
ProfitLoss
7133000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
441443000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
434323000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
0 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
280000 usd
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
7919000 usd
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
137000 usd
CY2022Q3 nlcp Adjustment For Noncontrolling Interest Ownership In Operating Partnership
AdjustmentForNoncontrollingInterestOwnershipInOperatingPartnership
0 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
6623000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
433163000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
349109000 usd
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
93507000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
816000 usd
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
4628000 usd
CY2021Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
31000 usd
CY2021Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
109000 usd
CY2021Q3 nlcp Adjustment For Noncontrolling Interest Ownership In Operating Partnership
AdjustmentForNoncontrollingInterestOwnershipInOperatingPartnership
0 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
2779000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
441443000 usd
us-gaap Profit Loss
ProfitLoss
15547000 usd
us-gaap Profit Loss
ProfitLoss
7133000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1201000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1820000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-60000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9113000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5601000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
72000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 usd
nlcp Noncash Financing Expense
NoncashFinancingExpense
20000 usd
nlcp Noncash Financing Expense
NoncashFinancingExpense
0 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1618000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-232000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
577000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1814000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
1263000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
2179000 usd
nlcp Increase Decrease In Interest Reserve
IncreaseDecreaseInInterestReserve
-2144000 usd
nlcp Increase Decrease In Interest Reserve
IncreaseDecreaseInInterestReserve
0 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-567000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
623000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23524000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15774000 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
64355000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
2144000 usd
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
43518000 usd
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
8449000 usd
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
5000000 usd
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
0 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
35419000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
133085000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
44650000 usd
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
761000 usd
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-83176000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9112000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21074000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9298000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
147000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
84000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
401000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
266000 usd
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 usd
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
125000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1800000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22422000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
123308000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-82074000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
148194000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127097000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19617000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45023000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
167811000 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
8064000 usd
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
268000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
103319000 usd
us-gaap Partners Capital Account Units Acquisitions
PartnersCapitalAccountUnitsAcquisitions
88200 shares
us-gaap Stock Issued1
StockIssued1
0 usd
us-gaap Stock Issued1
StockIssued1
2205000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
277000 usd
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
30000000 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Management will adjust such estimates when facts and circumstances dictate. Such estimates include, but are not limited to, useful lives for depreciation of property, the fair value of property and in-place lease intangibles acquired, and the fair value of stock-based compensation. Actual results could differ from those estimates.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:12pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balances have been reclassified to conform to our current year presentation.</span></div>
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
31 property
CY2022Q3 nlcp Number Of States In Which Entity Owns Property
NumberOfStatesInWhichEntityOwnsProperty
12 state
CY2022Q3 us-gaap Land
Land
21146000 usd
CY2022Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
375051000 usd
CY2022Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
396197000 usd
CY2022Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
16757000 usd
CY2022Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
379440000 usd
CY2022Q3 nlcp Number Of Cultivation Facilities Acquired
NumberOfCultivationFacilitiesAcquired
4 facility
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
43500000 usd
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
43518000 usd
CY2022Q3 nlcp Tenant Improvements Unfunded Commitments
TenantImprovementsUnfundedCommitments
4847000 usd
CY2022Q3 us-gaap Purchase Options Land
PurchaseOptionsLand
16500000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
3100000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
2000000 usd
us-gaap Depreciation
Depreciation
7600000 usd
us-gaap Depreciation
Depreciation
4500000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
503000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2013000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2013000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2013000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2013000 usd
CY2022Q3 nlcp Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
13937000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
22492000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
12014000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
48858000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
50153000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
51447000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
52774000 usd
CY2022Q3 nlcp Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
610900000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
826146000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q3 us-gaap Severance Costs1
SeveranceCosts1
1700000 usd
CY2021Q4 nlcp Stockholders Equity Attributable To Noncontrolling Interest Percentage
StockholdersEquityAttributableToNoncontrollingInterestPercentage
2.1
CY2020Q4 nlcp Stockholders Equity Attributable To Noncontrolling Interest Percentage
StockholdersEquityAttributableToNoncontrollingInterestPercentage
0.045
CY2022Q3 nlcp Stockholders Equity Attributable To Noncontrolling Interest Percentage
StockholdersEquityAttributableToNoncontrollingInterestPercentage
1.7
CY2021Q3 nlcp Stockholders Equity Attributable To Noncontrolling Interest Percentage
StockholdersEquityAttributableToNoncontrollingInterestPercentage
0.021
CY2021Q4 nlcp Share Based Compensation Arrangement By Share Based Payment Award Options Nonexercisable Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonexercisableNumberOfShares
175952 shares
CY2021Q4 nlcp Share Based Compensation Arrangement By Share Based Payment Award Options Nonexercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonexercisableWeightedAverageExercisePrice
24.00
CY2020Q4 nlcp Share Based Compensation Arrangement By Share Based Payment Award Options Nonexercisable Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonexercisableNumberOfShares
263928 shares
CY2020Q4 nlcp Share Based Compensation Arrangement By Share Based Payment Award Options Nonexercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonexercisableWeightedAverageExercisePrice
24.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
nlcp Exercisable Shares In Shares
ExercisableSharesInShares
0 shares
nlcp Exercisable Weighted Average Exercise Price In Dollars Per Share
ExercisableWeightedAverageExercisePriceInDollarsPerShare
0
nlcp Exercisable Shares In Shares
ExercisableSharesInShares
87976 shares
nlcp Exercisable Weighted Average Exercise Price In Dollars Per Share
ExercisableWeightedAverageExercisePriceInDollarsPerShare
0
CY2022Q3 nlcp Share Based Compensation Arrangement By Share Based Payment Award Options Nonexercisable Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonexercisableNumberOfShares
175952 shares
CY2022Q3 nlcp Share Based Compensation Arrangement By Share Based Payment Award Options Nonexercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonexercisableWeightedAverageExercisePrice
24.00
CY2021Q3 nlcp Share Based Compensation Arrangement By Share Based Payment Award Options Nonexercisable Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonexercisableNumberOfShares
175952 shares
CY2021Q3 nlcp Share Based Compensation Arrangement By Share Based Payment Award Options Nonexercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonexercisableWeightedAverageExercisePrice
24.00
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6510000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2697000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15285000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6893000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4000 usd
CY2022Q3 nlcp Net Income Loss Attributable To Noncontrolling Interest And Undistributed Earnings Loss Allocated To Participating Securities
NetIncomeLossAttributableToNoncontrollingInterestAndUndistributedEarningsLossAllocatedToParticipatingSecurities
113000 usd
CY2021Q3 nlcp Net Income Loss Attributable To Noncontrolling Interest And Undistributed Earnings Loss Allocated To Participating Securities
NetIncomeLossAttributableToNoncontrollingInterestAndUndistributedEarningsLossAllocatedToParticipatingSecurities
82000 usd
nlcp Net Income Loss Attributable To Noncontrolling Interest And Undistributed Earnings Loss Allocated To Participating Securities
NetIncomeLossAttributableToNoncontrollingInterestAndUndistributedEarningsLossAllocatedToParticipatingSecurities
262000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15637064 shares
nlcp Net Income Loss Attributable To Noncontrolling Interest And Undistributed Earnings Loss Allocated To Participating Securities
NetIncomeLossAttributableToNoncontrollingInterestAndUndistributedEarningsLossAllocatedToParticipatingSecurities
236000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6623000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2779000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15547000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7133000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21428905 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19410307 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21417149 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15588544 shares
CY2022Q3 nlcp Dilutive Effect Of Options And Warrants In Shares
DilutiveEffectOfOptionsAndWarrantsInShares
0 shares
CY2021Q3 nlcp Dilutive Effect Of Options And Warrants In Shares
DilutiveEffectOfOptionsAndWarrantsInShares
145560 shares
nlcp Dilutive Effect Of Options And Warrants In Shares
DilutiveEffectOfOptionsAndWarrantsInShares
0 shares
nlcp Dilutive Effect Of Options And Warrants In Shares
DilutiveEffectOfOptionsAndWarrantsInShares
48520 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21802487 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19555867 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21815763 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21403817 shares
CY2021Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1871932 shares
CY2021Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
21.15
CY2021Q1 nlcp Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
39600000 usd
CY2022Q1 nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
0.33
CY2022Q1 us-gaap Dividends
Dividends
7200400 usd
CY2022Q2 nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
0.35
CY2022Q2 us-gaap Dividends
Dividends
7640568 usd
CY2022Q3 nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
0.37
CY2022Q3 us-gaap Dividends
Dividends
8064495 usd
nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
1.05
us-gaap Dividends
Dividends
22905463 usd
CY2021Q1 nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
0.15
CY2021Q1 us-gaap Dividends
Dividends
1518070 usd
CY2021Q1 nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
0.08
CY2021Q1 us-gaap Dividends
Dividends
809665 usd
CY2021Q2 nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
0.24
CY2021Q2 us-gaap Dividends
Dividends
4276968 usd
CY2021Q3 nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
0.12
CY2021Q3 us-gaap Dividends
Dividends
2149253 usd
CY2021Q3 nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
0.12
CY2021Q3 us-gaap Dividends
Dividends
2617967 usd
nlcp Amount Per Share In Dollars Per Share
AmountPerShareInDollarsPerShare
0.71
us-gaap Dividends
Dividends
11371923 usd
CY2022Q3 nlcp Unfunded Commitments For Development And Improvement Of Facilities
UnfundedCommitmentsForDevelopmentAndImprovementOfFacilities
4800000 usd
nlcp Land Acquisition And Construction Of Existing Tenant Cost Maximum
LandAcquisitionAndConstructionOfExistingTenantCostMaximum
16500000 usd

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0001628280-22-029322-index.html Edgar Link pending
0001628280-22-029322.txt Edgar Link pending
0001628280-22-029322-xbrl.zip Edgar Link pending
amendedandrestatedbylawsof.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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nlcp-20220930.htm Edgar Link pending
nlcp-20220930.xsd Edgar Link pending
nlcp-20220930xexx311.htm Edgar Link pending
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