$NLCP
NewLake Capital Partners, Inc. Stock $nlcp

$nlcp Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000185496423000007 Filed on March 09, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022
Revenue	$11.42M	$12.18M	$44.79M
YoY Change	12.3%	34.65%	58.84%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$2.013M	$1.559M	$9.393M
YoY Change	-8.12%	-22.09%	10.96%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.557M	$3.712M	$12.83M
YoY Change	32.77%	48.72%	58.39%
% of Gross Profit
Operating Expenses	$5.574M	$5.271M	$22.22M
YoY Change	11.64%	17.21%	32.99%
Operating Profit	$5.842M		$22.52M
YoY Change	14.26%		95.88%
Interest Expense	$92.00K	-$96.00K	$273.0K
YoY Change	240.74%	-277.78%	4450.0%
% of Operating Profit	1.57%		1.21%
Other Income/Expense, Net	$128.0K		-$160.0K
YoY Change	509.52%		-270.21%
Pretax Income	$5.970M	$6.809M	$22.36M
YoY Change	16.26%	52.81%	92.91%
Income Tax
% Of Pretax Income
Net Earnings	$5.868M	$6.691M	$22.36M
YoY Change	14.3%	54.31%	92.91%
Net Earnings / Revenue	51.4%	54.95%	49.91%
Basic Earnings Per Share	$0.27		$1.03
Diluted Earnings Per Share	$0.27	$0.31	$1.03
COMMON SHARES
Basic Shares Outstanding	21.41M shares	21.40M shares	21.42M shares
Diluted Shares Outstanding	21.80M shares		21.81M shares

Balance Sheet

Concept	2023 Q1	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$41.50M	$45.19M	$45.19M
YoY Change	-63.85%	-64.44%	-64.44%
Cash & Equivalents	$41.50M	$45.19M	$45.19M
Short-Term Investments
Other Short-Term Assets	$2.260M	$2.554M	$2.554M
YoY Change	-72.7%	197.67%	197.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$43.76M	$47.75M	$47.75M
YoY Change	-64.44%	-62.69%	-62.69%
LONG-TERM ASSETS
Property, Plant & Equipment	$376.5M	$379.7M	$379.7M
YoY Change	34.76%	36.14%	36.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.949M
YoY Change
Total Long-Term Assets	$404.7M	$406.5M	$406.5M
YoY Change	21.58%	22.1%	22.1%
TOTAL ASSETS
Total Short-Term Assets	$43.76M	$47.75M	$47.75M
Total Long-Term Assets	$404.7M	$406.5M	$406.5M
Total Assets	$448.5M	$454.2M	$454.2M
YoY Change	-1.64%	-1.44%	-1.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.274M	$1.659M	$1.659M
YoY Change	82.0%	18.5%	18.16%
Accrued Expenses	$1.274M	$1.659M	$1.659M
YoY Change	-34.47%	-53.24%	-53.24%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$17.23M	$17.95M	$17.95M
YoY Change	13.4%	9.69%	9.69%
LONG-TERM LIABILITIES
Long-Term Debt	$1.990M	$2.986M	$2.986M
YoY Change	1.22%	-20.56%	-20.56%
Other Long-Term Liabilities	$1.129M	$2.380M	$2.380M
YoY Change	2.08%	66.55%	66.55%
Total Long-Term Liabilities	$3.119M	$5.366M	$5.366M
YoY Change	1.53%	3.43%	3.43%
TOTAL LIABILITIES
Total Short-Term Liabilities	$17.23M	$17.95M	$17.95M
Total Long-Term Liabilities	$3.119M	$5.366M	$5.366M
Total Liabilities	$20.35M	$23.31M	$30.70M
YoY Change	11.4%	8.18%	-7.89%
SHAREHOLDERS EQUITY
Retained Earnings	-$34.96M	-$32.49M
YoY Change	36.62%	37.81%
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	$420.7M	$423.5M	$423.5M
YoY Change
Total Liabilities & Shareholders Equity	$448.5M	$454.2M	$454.2M
YoY Change	-1.64%	-1.44%	-1.44%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	$5.868M	$6.691M	$22.36M
YoY Change	14.3%	54.31%	92.91%
Depreciation, Depletion And Amortization	$3.557M	$3.712M	$12.83M
YoY Change	32.77%	48.72%	58.39%
Cash From Operating Activities	$8.237M	$13.48M	$37.01M
YoY Change	32.07%	23.45%	38.62%
INVESTING ACTIVITIES
Capital Expenditures	$350.0K	$1.550M	$36.97M
YoY Change		-112.6%	-164.91%
Acquisitions
YoY Change
Other Investing Activities	-$1.402M	-$1.727M	-$49.48M
YoY Change	-85.95%	-95.3%	-390.26%
Cash From Investing Activities	-$1.752M	-$3.277M	-$86.45M
YoY Change	-82.45%	-93.31%	116.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$0.00
YoY Change			-100.0%
Debt Paid & Issued, Net	$1.000M		$1.800M
YoY Change	-44.44%
Cash From Financing Activities	-$10.18M	-10.04M	-$32.46M
YoY Change	18.86%	283.42%	-126.9%
NET CHANGE
Cash From Operating Activities	$8.237M	13.48M	$37.01M
Cash From Investing Activities	-$1.752M	-3.277M	-$86.45M
Cash From Financing Activities	-$10.18M	-10.04M	-$32.46M
Net Change In Cash	-$3.694M	169.0K	-$81.91M
YoY Change	-69.99%	-100.42%	-176.2%
FREE CASH FLOW
Cash From Operating Activities	$8.237M	$13.48M	$37.01M
Capital Expenditures	$350.0K	$1.550M	$36.97M
Free Cash Flow	$7.887M	$11.93M	$39.00K
YoY Change		-48.62%	-99.95%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001854964
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssets
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssets
CY2022Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilities
CY2021Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilities
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	000-56327
CY2022	dei	Entity Registrant Name EntityRegistrantName	NewLake Capital Partners, Inc.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	83-4400045
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	50 Locust Ave, First Floor
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	New Canaan
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	CT
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	06840
CY2022	dei	City Area Code CityAreaCode	203
CY2022	dei	Local Phone Number LocalPhoneNumber	594-1402
CY2022	dei	Security12g Title Security12gTitle	Common Stock, par value $0.01 per share
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2022	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2022	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2022	dei	Entity Shell Company EntityShellCompany	false
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CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	21408914	shares
CY2022	dei	Auditor Name AuditorName	BDO USA, LLP
CY2022	dei	Auditor Location AuditorLocation	Denver, CO
CY2022	dei	Auditor Firm AuditorFirmId	243
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CY2021Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	272432000	usd
CY2022Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	399474000	usd
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CY2022Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	19736000	usd
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CY2021Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	6047000	usd
CY2022Q4	nlcp	Interest Reserve InterestReserve	0	usd
CY2021Q4	nlcp	Interest Reserve InterestReserve	2144000	usd
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CY2021Q4	us-gaap	Minority Interest MinorityInterest	11780000	usd
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CY2021	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	2205000	usd
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CY2021	us-gaap	Dividends Common Stock DividendsCommonStock	17585000	usd
CY2021	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	130000	usd
CY2021	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	422000	usd
CY2021	nlcp	Adjustment For Noncontrolling Interest Ownership In Operating Partnership AdjustmentForNoncontrollingInterestOwnershipInOperatingPartnership	0	usd
CY2021	us-gaap	Profit Loss ProfitLoss	11589000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	439335000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	22356000	usd
CY2021	us-gaap	Profit Loss ProfitLoss	11589000	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12825000	usd
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	8097000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	1493000	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	2020000	usd
CY2022	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-60000	usd
CY2021	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	usd
CY2022	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	136000	usd
CY2021	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	0	usd
CY2022	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	27000	usd
CY2021	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	0	usd
CY2022	nlcp	Non Cash Lease Expense NonCashLeaseExpense	12000	usd
CY2021	nlcp	Non Cash Lease Expense NonCashLeaseExpense	0	usd
CY2022	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	450000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-462000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	255000	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1840000	usd
CY2022	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	1726000	usd
CY2021	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	2796000	usd
CY2022	nlcp	Increase Decrease In Interest Reserve IncreaseDecreaseInInterestReserve	-2144000	usd
CY2021	nlcp	Increase Decrease In Interest Reserve IncreaseDecreaseInInterestReserve	2144000	usd
CY2022	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-54000	usd
CY2021	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	1429000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	766000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	0	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	37008000	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	26697000	usd
CY2022	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	0	usd
CY2021	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	64355000	usd
CY2022	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	0	usd
CY2021	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	2144000	usd
CY2022	us-gaap	Payments For Leasing Costs Commissions And Tenant Improvements PaymentsForLeasingCostsCommissionsAndTenantImprovements	45245000	usd
CY2021	us-gaap	Payments For Leasing Costs Commissions And Tenant Improvements PaymentsForLeasingCostsCommissionsAndTenantImprovements	15163000	usd
CY2022	us-gaap	Payments For Proceeds From Loans Receivable PaymentsForProceedsFromLoansReceivable	5000000	usd
CY2021	us-gaap	Payments For Proceeds From Loans Receivable PaymentsForProceedsFromLoansReceivable	30000000	usd
CY2022	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	36969000	usd
CY2021	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	56955000	usd
CY2022	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	761000	usd
CY2021	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	0	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-86453000	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-39907000	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
CY2021	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	133085000	usd
CY2022	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	813000	usd
CY2021	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	usd
CY2022	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	0	usd
CY2021	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	4000	usd
CY2022	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	28993000	usd
CY2021	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	11665000	usd
CY2022	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	154000	usd
CY2021	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	140000	usd
CY2022	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	539000	usd
CY2021	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	461000	usd
CY2022	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	0	usd
CY2021	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	125000	usd
CY2022	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	1000000	usd
CY2021	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	usd
CY2022	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1800000	usd
CY2021	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	usd
CY2022	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1161000	usd
CY2021	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-32460000	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	120690000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-81905000	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	107480000	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
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	45192000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	127097000	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	29000	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	0	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	8512000	usd
CY2021Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	6765000	usd
CY2022	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	0	usd
CY2021	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	103318000	usd
CY2022	us-gaap	Notes Issued1 NotesIssued1	0	usd
CY2021	us-gaap	Notes Issued1 NotesIssued1	3759000	usd
CY2022	us-gaap	Stock Issued1 StockIssued1	0	usd
CY2021	us-gaap	Stock Issued1 StockIssued1	2205000	usd
CY2022	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	30000000	usd
CY2021	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	0	usd
CY2021Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	278926000	usd
CY2022	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 (building and improvements, tenant improvements and site improvements), the fair value of real estate and in-place lease intangibles acquired, the fair value of stock-based compensation and discount rates used to classify leases. Actual results could differ from those estimates.</span></div>
CY2022	us-gaap	Revenue Recognition Leases RevenueRecognitionLeases	<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%">Revenue Recognition</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 Company’s triple-net leases are accounted for as operating leases. Operating leases that have fixed and determinable rent increases are recognized on a straight-line basis over the lease term, unless the collectability of minimum lease payments is not reasonably predictable. Rental increases based upon changes in the consumer price index are recognized only after the changes in the indexes have occurred and are then applied according to the lease agreements. Contractually obligated expenses as defined by the lease agreement that are paid directly by the tenant are not reflected in our consolidated financial statements. </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%">Operating leases where the minimum lease payments are not reasonably predictable are recognized on a cash basis. Due to our tenants’ limited operating history and the uncertain regulatory environment in the United States relating to the cannabis industry, the Company records rental revenue for its operating leases on a cash basis. Any rental payments received in advance of contractual due dates are recorded as “Rent Received in Advance” on the accompanying consolidated balance sheets.</span></div>
CY2022	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2022	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2021Q4	nlcp	Number Of Cultivation Facilities Acquired NumberOfCultivationFacilitiesAcquired	4	facility
CY2022	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%">Reclassifications</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>
CY2022Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	32	property
CY2022Q4	nlcp	Number Of States In Which Entity Owns Property NumberOfStatesInWhichEntityOwnsProperty	12	state
CY2022Q4	us-gaap	Land Land	21427000	usd
CY2022Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	378047000	usd
CY2022Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	399474000	usd
CY2022Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	19736000	usd
CY2022Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	379738000	usd
CY2021Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	28	property
CY2021Q4	nlcp	Number Of States In Which Entity Owns Property NumberOfStatesInWhichEntityOwnsProperty	11	state
CY2021Q4	us-gaap	Land Land	15649000	usd
CY2021Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	272432000	usd
CY2021Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	288081000	usd
CY2021Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	9155000	usd
CY2022Q4	nlcp	Number Of Dispensaries Acquired NumberOfDispensariesAcquired	1	dispensary
CY2021Q4	nlcp	Number Of Cultivation Facilities Acquired NumberOfCultivationFacilitiesAcquired	4	facility
CY2022	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	45200000	usd
CY2022	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	45245000	usd
CY2022Q4	nlcp	Tenant Improvements Unfunded Commitments TenantImprovementsUnfundedCommitments	3120000	usd
CY2022Q4	us-gaap	Purchase Options Land PurchaseOptionsLand	16500000	usd
CY2021	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	24000000	usd
CY2021	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	23985000	usd
CY2021Q4	nlcp	Tenant Improvements Unfunded Commitments TenantImprovementsUnfundedCommitments	24041000	usd
CY2022	us-gaap	Depreciation Depreciation	10600000	usd
CY2021	us-gaap	Depreciation Depreciation	6500000	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2200000	usd
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1600000	usd
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares	175952	shares
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1985000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1985000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1985000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1985000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	1985000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	11840000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	21765000	usd
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	49015000	usd
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	50308000	usd
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	51606000	usd
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	52938000	usd
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	54305000	usd
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	560891000	usd
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	819063000	usd
CY2022Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	32	property
CY2021	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2022	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2022Q3	us-gaap	Severance Costs1 SeveranceCosts1	1800000	usd
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares	87976	shares
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue	0
CY2021Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.021
CY2020Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.045
CY2022Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.017
CY2021Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.021
CY2022	nlcp	Net Income Loss Attributable To Noncontrolling Interest And Undistributed Earnings Loss Allocated To Participating Securities NetIncomeLossAttributableToNoncontrollingInterestAndUndistributedEarningsLossAllocatedToParticipatingSecurities	380000	usd
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares	175952	shares
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	24.00
CY2020Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares	263928	shares
CY2020Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	24.00
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	0
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	0
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares	0	shares
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue	0
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	24.00
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares	175952	shares
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	24.00
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	21976000	usd
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	11229000	usd
CY2022	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	usd
CY2021	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4000	usd
CY2021	nlcp	Net Income Loss Attributable To Noncontrolling Interest And Undistributed Earnings Loss Allocated To Participating Securities NetIncomeLossAttributableToNoncontrollingInterestAndUndistributedEarningsLossAllocatedToParticipatingSecurities	356000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	22356000	usd
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	11589000	usd
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21418484	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17011991	shares
CY2022	nlcp	Incremental Common Shares Attributable To Dilutive Effect Of Sharebased Payment Arrangement Options And Warrants IncrementalCommonSharesAttributableToDilutiveEffectOfSharebasedPaymentArrangementOptionsAndWarrants	0	shares
CY2021	nlcp	Incremental Common Shares Attributable To Dilutive Effect Of Sharebased Payment Arrangement Options And Warrants IncrementalCommonSharesAttributableToDilutiveEffectOfSharebasedPaymentArrangementOptionsAndWarrants	98974	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21810789	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17566470	shares
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.03
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.66
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.03
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.65
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
CY2022Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	10000000	usd
CY2022Q4	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2022Q1	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.33
CY2022Q2	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.35
CY2022Q3	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.37
CY2022Q4	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.39
CY2022	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	1.44
CY2021Q1	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.15
CY2021Q1	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.08
CY2021Q2	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.24
CY2021Q3	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.12
CY2021Q3	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.12
CY2021Q4	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.31
CY2021	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	1.02
CY2022Q4	nlcp	Share Based Payment Arrangement Unearned Dividend Equivalents ShareBasedPaymentArrangementUnearnedDividendEquivalents	155547	usd
CY2021Q4	nlcp	Share Based Payment Arrangement Unearned Dividend Equivalents ShareBasedPaymentArrangementUnearnedDividendEquivalents	38379	usd
CY2022Q4	us-gaap	Notes Receivable Net NotesReceivableNet	5000000	usd
CY2022Q4	us-gaap	Line Of Credit LineOfCredit	1000000	usd
CY2022Q4	us-gaap	Loans Payable LoansPayable	1986000	usd
CY2021Q4	us-gaap	Loans Payable LoansPayable	3759000	usd
CY2022Q4	us-gaap	Notes Receivable Net NotesReceivableNet	5000000	usd
CY2022Q4	nlcp	Unfunded Commitments For Development And Improvement Of Facilities UnfundedCommitmentsForDevelopmentAndImprovementOfFacilities	3100000	usd
CY2020Q4	nlcp	Lessor Number Of Leases Subject To Purchase Option LessorNumberOfLeasesSubjectToPurchaseOption	2	lease
CY2022Q4	nlcp	Lessor Number Of Leases Subject To Purchase Option LessorNumberOfLeasesSubjectToPurchaseOption	2	lease
CY2022Q4	nlcp	Lessee Number Of Leases LesseeNumberOfLeases	1	lease
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	273048	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	73000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	75000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	77000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	52000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	0	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	0	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	277000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	30000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	247000	usd
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0565
CY2022Q4	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P3Y8M12D

Files In Submission

Name	View Source	Status
0001854964-23-000007-index-headers.html	Edgar Link	pending
0001854964-23-000007-index.html	Edgar Link	pending
0001854964-23-000007.txt	Edgar Link	pending
0001854964-23-000007-xbrl.zip	Edgar Link	pending
a2022nlcpconsent1.htm	Edgar Link	pending
exhibit211-c.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_0a.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
nlcp-20221231.htm	Edgar Link	pending
nlcp-20221231.xsd	Edgar Link	pending
nlcp-20221231xexx311.htm	Edgar Link	pending
nlcp-20221231xexx312.htm	Edgar Link	pending
nlcp-20221231xexx321.htm	Edgar Link	pending
nlcp-20221231xexx322.htm	Edgar Link	pending
nlcp-20221231_g1.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
nlcp-20221231_cal.xml	Edgar Link	unprocessable
nlcp-20221231_def.xml	Edgar Link	unprocessable
nlcp-20221231_lab.xml	Edgar Link	unprocessable
nlcp-20221231_pre.xml	Edgar Link	unprocessable
nlcp-20221231_htm.xml	Edgar Link	completed
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$NLCP
NewLake Capital Partners, Inc. Stock $nlcp

2023 Q1 Form 10-K Financial Statement

#000185496423000007 Filed on March 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NLCP NewLake Capital Partners, Inc. Stock $nlcp

2023 Q1 Form 10-K Financial Statement

#000185496423000007 Filed on March 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NLCP
NewLake Capital Partners, Inc. Stock $nlcp