$NLCP
NewLake Capital Partners, Inc. Stock $nlcp

$nlcp Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000185496424000007 Filed on March 11, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$12.61M	$13.02M	$47.30M
YoY Change	10.44%	6.94%	5.6%
Cost Of Revenue	$22.00K	$657.0K	$657.0K
YoY Change
Gross Profit	$12.59M	$12.36M	$46.65M
YoY Change
Gross Profit Margin	99.83%	94.95%	98.61%
Selling, General & Admin	$2.055M	$1.586M	$7.559M
YoY Change	2.09%	1.73%	-19.53%
% of Gross Profit	16.33%	12.83%	16.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.568M	$3.566M	$14.27M
YoY Change	0.31%	-3.93%	11.24%
% of Gross Profit	28.35%	28.84%	30.58%
Operating Expenses	$5.645M	$5.154M	$22.48M
YoY Change	1.27%	-2.22%	1.19%
Operating Profit	$6.977M	$7.210M	$24.66M
YoY Change	19.43%		9.5%
Interest Expense	$83.00K	$45.00K	$379.0K
YoY Change	-9.78%	-146.88%	38.83%
% of Operating Profit	1.19%	0.62%	1.54%
Other Income/Expense, Net	$17.00K	-$167.0K	$368.0K
YoY Change	-86.72%		-330.0%
Pretax Income	$6.994M	$7.088M	$25.02M
YoY Change	17.15%	4.1%	11.93%
Income Tax
% Of Pretax Income
Net Earnings	$6.869M	$6.962M	$24.59M
YoY Change	17.06%	4.05%	9.97%
Net Earnings / Revenue	54.48%	53.47%	51.97%
Basic Earnings Per Share	$0.33		$1.16
Diluted Earnings Per Share	$0.33	$0.33	$1.16
COMMON SHARES
Basic Shares Outstanding	20.50M shares	20.69M shares	21.17M shares
Diluted Shares Outstanding	20.94M shares		21.55M shares

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$21.55M	$25.84M	$25.84M
YoY Change	-48.08%	-42.82%	-42.82%
Cash & Equivalents	$21.55M	$25.84M	$25.84M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$21.55M	$25.84M	$25.84M
YoY Change	-50.76%	-45.87%	-45.87%
LONG-TERM ASSETS
Property, Plant & Equipment	$385.3M	$380.6M	$380.6M
YoY Change	2.34%	0.22%	0.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$411.6M	$407.4M	$407.4M
YoY Change	1.7%	0.23%	0.23%
TOTAL ASSETS
Total Short-Term Assets	$21.55M	$25.84M	$25.84M
Total Long-Term Assets	$411.6M	$407.4M	$407.4M
Total Assets	$433.1M	$433.3M	$433.3M
YoY Change	-3.42%	-4.61%	-4.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$697.0K	$1.117M	$1.117M
YoY Change	-45.29%	-32.67%	-32.67%
Accrued Expenses	$169.0K	$185.0K	$185.0K
YoY Change	-86.73%	-88.85%	-88.85%
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	$17.79M	$18.30M	$18.30M
YoY Change	3.25%	1.99%	1.99%
LONG-TERM LIABILITIES
Long-Term Debt	$4.000M	$2.000M	$2.000M
YoY Change	101.01%	-33.02%	-33.02%
Other Long-Term Liabilities	$669.0K	$1.032M	$1.032M
YoY Change	-40.74%	-56.64%	-56.64%
Total Long-Term Liabilities	$4.669M	$3.032M	$3.032M
YoY Change	49.7%	-43.5%	-43.5%
TOTAL LIABILITIES
Total Short-Term Liabilities	$17.79M	$18.30M	$18.30M
Total Long-Term Liabilities	$4.669M	$3.032M	$3.032M
Total Liabilities	$22.45M	$21.34M	$28.71M
YoY Change	10.37%	-8.48%	-6.49%
SHAREHOLDERS EQUITY
Retained Earnings	-$42.48M	-$40.91M
YoY Change	21.52%	25.92%
Common Stock	$205.0K	$205.0K
YoY Change	-4.21%	-4.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$403.3M	$404.6M	$404.6M
YoY Change
Total Liabilities & Shareholders Equity	$433.1M	$433.3M	$433.3M
YoY Change	-3.42%	-4.61%	-4.61%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$6.869M	$6.962M	$24.59M
YoY Change	17.06%	4.05%	9.97%
Depreciation, Depletion And Amortization	$3.568M	$3.566M	$14.27M
YoY Change	0.31%	-3.93%	11.24%
Cash From Operating Activities	$10.04M	$12.48M	$40.08M
YoY Change	21.91%	-7.42%	8.31%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00	$350.0K
YoY Change	-100.0%	-100.0%	-99.05%
Acquisitions
YoY Change
Other Investing Activities	-$7.894M	-$6.875M	-$12.49M
YoY Change	463.05%	298.09%	-74.77%
Cash From Investing Activities	-$7.894M	-$6.875M	-$12.84M
YoY Change	350.57%	109.8%	-85.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$11.81M
YoY Change
Debt Paid & Issued, Net	$1.000M		$1.000M
YoY Change	0.0%		-44.44%
Cash From Financing Activities	-$6.445M	-10.83M	-$46.60M
YoY Change	-36.68%	7.87%	43.56%
NET CHANGE
Cash From Operating Activities	$10.04M	12.48M	$40.08M
Cash From Investing Activities	-$7.894M	-6.875M	-$12.84M
Cash From Financing Activities	-$6.445M	-10.83M	-$46.60M
Net Change In Cash	-$4.297M	-5.219M	-$19.35M
YoY Change	16.32%	-3188.17%	-76.38%
FREE CASH FLOW
Cash From Operating Activities	$10.04M	$12.48M	$40.08M
Capital Expenditures	$0.00	$0.00	$350.0K
Free Cash Flow	$10.04M	$12.48M	$39.73M
YoY Change	27.32%	4.61%	101782.05%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1721000	usd
CY2022	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1736000	usd
CY2023	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	7559000	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9380000	usd
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001854964
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
CY2023Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2022Q2	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2022Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	000-56327
CY2023	dei	Entity Registrant Name EntityRegistrantName	NewLake Capital Partners, Inc.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	83-4400045
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	50 Locust Ave, First Floor
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	New Canaan
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	CT
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	06840
CY2023	dei	City Area Code CityAreaCode	203
CY2023	dei	Local Phone Number LocalPhoneNumber	594-1402
CY2023	dei	Security12g Title Security12gTitle	Common Stock, par value $0.01 per share
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2023	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	231340882	usd
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	20503520	shares
CY2023Q4	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q4	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023	dei	Auditor Name AuditorName	BDO USA, P.C.
CY2023	dei	Auditor Location AuditorLocation	Denver, CO
CY2023	dei	Auditor Firm AuditorFirmId	243
CY2023Q4	us-gaap	Land Land	21397000	usd
CY2022Q4	us-gaap	Land Land	21427000	usd
CY2023Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	390911000	usd
CY2022Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	378047000	usd
CY2023Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	412308000	usd
CY2022Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	399474000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	31999000	usd
CY2022Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	19736000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	380309000	usd
CY2022Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	379738000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	25843000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	45192000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	19779000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	21765000	usd
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	167000	usd
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	0	usd
CY2023Q4	us-gaap	Notes Receivable Net NotesReceivableNet	4833000	usd
CY2022Q4	us-gaap	Notes Receivable Net NotesReceivableNet	5000000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	2528000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	2554000	usd
CY2023Q4	us-gaap	Assets Assets	433292000	usd
CY2022Q4	us-gaap	Assets Assets	454249000	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1117000	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1659000	usd
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	1000000	usd
CY2022Q4	us-gaap	Line Of Credit LineOfCredit	1000000	usd
CY2023Q4	us-gaap	Loans Payable LoansPayable	1000000	usd
CY2022Q4	us-gaap	Loans Payable LoansPayable	1986000	usd
CY2023Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	8385000	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	8512000	usd
CY2023Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	8616000	usd
CY2022Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	7774000	usd
CY2023Q4	us-gaap	Advance Rent AdvanceRent	990000	usd
CY2022Q4	us-gaap	Advance Rent AdvanceRent	1375000	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	227000	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	1005000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	21335000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	23311000	usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20503520	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20503520	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	21408194	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	21408194	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	205000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	214000	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	445289000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	455822000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-40909000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-32487000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	404585000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	423549000	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	7372000	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	7389000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	411957000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	430938000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	433292000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	454249000	usd
CY2023	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	46341000	usd
CY2022	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	42216000	usd
CY2023	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	521000	usd
CY2022	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	2429000	usd
CY2023	nlcp	Fees And Reimbursables FeesAndReimbursables	442000	usd
CY2022	nlcp	Fees And Reimbursables FeesAndReimbursables	355000	usd
CY2023	us-gaap	Revenues Revenues	47304000	usd
CY2022	us-gaap	Revenues Revenues	45000000	usd
CY2023	nlcp	Property Expenses PropertyExpenses	657000	usd
CY2022	nlcp	Property Expenses PropertyExpenses	219000	usd
CY2023	us-gaap	Depreciation And Amortization DepreciationAndAmortization	14266000	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12825000	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	22482000	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	22424000	usd
CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	usd
CY2022	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-60000	usd
CY2023	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	167000	usd
CY2022	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	0	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	24655000	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	22516000	usd
CY2023	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	747000	usd
CY2022	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	113000	usd
CY2023	us-gaap	Interest Expense InterestExpense	379000	usd
CY2022	us-gaap	Interest Expense InterestExpense	273000	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	368000	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-160000	usd
CY2023	us-gaap	Profit Loss ProfitLoss	25023000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	22356000	usd
CY2023	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	438000	usd
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	380000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	24585000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	21976000	usd
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.16
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.03
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.16
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.03
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21169010	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21418484	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21548976	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21810789	shares
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	430938000	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	0	usd
CY2023	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	11807000	usd
CY2023	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	43000	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1439000	usd
CY2023	us-gaap	Dividends Common Stock DividendsCommonStock	32910000	usd
CY2023	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	97000	usd
CY2023	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	586000	usd
CY2023	nlcp	Adjustment For Noncontrolling Interest Ownership In Operating Partnership AdjustmentForNoncontrollingInterestOwnershipInOperatingPartnership	0	usd
CY2023	us-gaap	Profit Loss ProfitLoss	25023000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	411957000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	439335000	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	0	usd
CY2022	nlcp	Conversion Of Op Units To Common Stock ConversionOfOPUnitsToCommonStock	0	usd
CY2022	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	813000	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1493000	usd
CY2022	us-gaap	Dividends Common Stock DividendsCommonStock	30759000	usd
CY2022	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	130000	usd
CY2022	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	544000	usd
CY2022	nlcp	Adjustment For Noncontrolling Interest Ownership In Operating Partnership AdjustmentForNoncontrollingInterestOwnershipInOperatingPartnership	0	usd
CY2022	us-gaap	Profit Loss ProfitLoss	22356000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	430938000	usd
CY2023	us-gaap	Profit Loss ProfitLoss	25023000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	22356000	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	14266000	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12825000	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	1439000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	1493000	usd
CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	usd
CY2022	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-60000	usd
CY2023	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	268000	usd
CY2022	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	136000	usd
CY2023	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	14000	usd
CY2022	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	27000	usd
CY2023	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	167000	usd
CY2022	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	0	usd
CY2023	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	522000	usd
CY2022	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	0	usd
CY2023	nlcp	Non Cash Lease Expense NonCashLeaseExpense	-1000	usd
CY2022	nlcp	Non Cash Lease Expense NonCashLeaseExpense	12000	usd
CY2023	nlcp	Non Cash Deposits Applied To Security Deposits NonCashDepositsAppliedToSecurityDeposits	1323000	usd
CY2022	nlcp	Non Cash Deposits Applied To Security Deposits NonCashDepositsAppliedToSecurityDeposits	0	usd
CY2023	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-229000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	450000	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-540000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	255000	usd
CY2023	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	2166000	usd
CY2022	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	1726000	usd
CY2023	nlcp	Increase Decrease In Interest Reserve IncreaseDecreaseInInterestReserve	0	usd
CY2022	nlcp	Increase Decrease In Interest Reserve IncreaseDecreaseInInterestReserve	-2144000	usd
CY2023	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-385000	usd
CY2022	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-54000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-717000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	766000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	40084000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	37008000	usd
CY2023	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	14434000	usd
CY2022	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	45245000	usd
CY2023	us-gaap	Payments For Proceeds From Loans Receivable PaymentsForProceedsFromLoansReceivable	0	usd
CY2022	us-gaap	Payments For Proceeds From Loans Receivable PaymentsForProceedsFromLoansReceivable	5000000	usd
CY2023	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	350000	usd
CY2022	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	36969000	usd
CY2023	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	1949000	usd
CY2022	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	761000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12835000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-86453000	usd
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	11807000	usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2023	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	43000	usd
CY2022	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	813000	usd
CY2023	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	33058000	usd
CY2022	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	28993000	usd
CY2023	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	79000	usd
CY2022	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	154000	usd
CY2023	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	583000	usd
CY2022	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	539000	usd
CY2023	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	usd
CY2022	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	1000000	usd
CY2023	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1000000	usd
CY2022	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1800000	usd
CY2023	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	28000	usd
CY2022	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1161000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-46598000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-32460000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-19349000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-81905000	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
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	25843000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	45192000	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	137000	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	29000	usd
CY2023Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	8385000	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	8512000	usd
CY2023	us-gaap	Noncash Or Part Noncash Acquisition Investments Acquired1 NoncashOrPartNoncashAcquisitionInvestmentsAcquired1	522000	usd
CY2022	us-gaap	Noncash Or Part Noncash Acquisition Investments Acquired1 NoncashOrPartNoncashAcquisitionInvestmentsAcquired1	0	usd
CY2023	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	0	usd
CY2022	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	30000000	usd
CY2023	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 and corporate assets, the fair value of acquired real estate and in-place lease intangibles acquired and the valuation of stock-based compensation. Actual results could differ from those estimates.</span></div>
CY2023	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 income, fees and reimbursables 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” in the consolidated balance sheets.</span></div>
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023	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>Certain prior year balances have been reclassified to conform to our current year presentation of compensation expense and property expenses.
CY2023Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	31	property
CY2023Q4	nlcp	Number Of States In Which Entity Owns Property NumberOfStatesInWhichEntityOwnsProperty	12	state
CY2023Q4	us-gaap	Land Land	21397000	usd
CY2023Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	390911000	usd
CY2023Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	412308000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	31999000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	380309000	usd
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
CY2022Q4	nlcp	Number Of Cultivation Facilities Acquired NumberOfCultivationFacilitiesAcquired	4	cultivation_site
CY2022Q4	nlcp	Number Of Dispensaries Acquired NumberOfDispensariesAcquired	1	dispensary
CY2023	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	14400000	usd
CY2023	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	14434000	usd
CY2023Q4	nlcp	Tenant Improvements Unfunded Commitments TenantImprovementsUnfundedCommitments	14351000	usd
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	Construction In Progress Gross ConstructionInProgressGross	12110000	usd
CY2023	nlcp	Construction In Progress Fundings ConstructionInProgressFundings	12049000	usd
CY2023	nlcp	Construction In Progress Placed In Service ConstructionInProgressPlacedInService	0	usd
CY2023Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	24159000	usd
CY2021Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	13069000	usd
CY2022	nlcp	Construction In Progress Fundings ConstructionInProgressFundings	28754000	usd
CY2022	nlcp	Construction In Progress Placed In Service ConstructionInProgressPlacedInService	29713000	usd
CY2022Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	12110000	usd
CY2023	us-gaap	Depreciation Depreciation	12300000	usd
CY2022	us-gaap	Depreciation Depreciation	10600000	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2000000	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2200000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1985000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1985000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1985000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1985000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	1985000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	9854000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	19779000	usd
CY2023	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2022	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2023	nlcp	Lessor Reimbursable Revenue LessorReimbursableRevenue	255800	usd
CY2022	nlcp	Lessor Reimbursable Revenue LessorReimbursableRevenue	206300	usd
CY2019Q4	nlcp	Lessor Number Of Leases Subject To Purchase Option LessorNumberOfLeasesSubjectToPurchaseOption	2	lease
CY2023Q4	nlcp	Lessor Number Of Leases Subject To Purchase Option LessorNumberOfLeasesSubjectToPurchaseOption	2	lease
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	49390000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	51421000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	52966000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	54345000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	55760000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	544835000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	808717000	usd
CY2023Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	31	property
CY2023Q4	nlcp	Number Of Tenants NumberOfTenants	13	tenant
CY2023Q4	nlcp	Number Of States In Which Entity Owns Property NumberOfStatesInWhichEntityOwnsProperty	12	state
CY2022Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	32	property
CY2022Q4	nlcp	Number Of Tenants NumberOfTenants	13	tenant
CY2022Q4	nlcp	Number Of States In Which Entity Owns Property NumberOfStatesInWhichEntityOwnsProperty	12	state
CY2023Q4	nlcp	Lessee Number Of Leases LesseeNumberOfLeases	1	lease
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	273000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	75000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	77000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	52000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	204000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	19000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	185000	usd
CY2023Q4	nlcp	Lessee Operating Lease Number Of Renewal Options LesseeOperatingLeaseNumberOfRenewalOptions	1	renewal_options
CY2023Q4	us-gaap	Lessee Operating Lease Renewal Term LesseeOperatingLeaseRenewalTerm	P3Y
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0565
CY2023Q4	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P2Y8M12D
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	167000	usd
CY2023	us-gaap	Severance Costs1 SeveranceCosts1	0	usd
CY2022	us-gaap	Severance Costs1 SeveranceCosts1	1800000	usd
CY2023Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.018
CY2022Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.017
CY2022Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.017
CY2021Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.021
CY2023Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.018
CY2022Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.017
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2022Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	10000000	usd
CY2023Q3	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	10000000	usd
CY2023	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	908394	shares
CY2023	nlcp	Common Stock Acquired Average Cost Per Share CommonStockAcquiredAverageCostPerShare	13.00
CY2023	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	11800000	usd
CY2023Q4	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	8200000	usd
CY2022	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2022Q4	nlcp	Convertible Units Conversion Ratio ConvertibleUnitsConversionRatio	1
CY2023Q1	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.39
CY2023Q2	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.39
CY2023Q3	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.39
CY2023Q4	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	0.40
CY2023	nlcp	Dividends Per Share Declared DividendsPerShareDeclared	1.57
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
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	24585000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	21976000	usd
CY2023	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	438000	usd
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	380000	usd
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	25023000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	22356000	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21169010	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21418484	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21548976	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21810789	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.16
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.03
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.16
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.03
CY2023Q4	us-gaap	Notes Receivable Net NotesReceivableNet	4833000	usd
CY2022Q4	us-gaap	Notes Receivable Net NotesReceivableNet	5000000	usd
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	1000000	usd
CY2022Q4	us-gaap	Line Of Credit LineOfCredit	1000000	usd
CY2023Q4	us-gaap	Loans Payable LoansPayable	1000000	usd
CY2022Q4	us-gaap	Loans Payable LoansPayable	1986000	usd
CY2022Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	5000000	usd
CY2023Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	5000000	usd
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	167000	usd
CY2023	us-gaap	Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount	0	usd
CY2023Q4	nlcp	Unfunded Commitments For Development And Improvement Of Facilities UnfundedCommitmentsForDevelopmentAndImprovementOfFacilities	14400000	usd

Files In Submission

Name	View Source	Status
0001854964-24-000007-index-headers.html	Edgar Link	pending
0001854964-24-000007-index.html	Edgar Link	pending
0001854964-24-000007.txt	Edgar Link	pending
0001854964-24-000007-xbrl.zip	Edgar Link	pending
a20231231nlcplistofsubsidi.htm	Edgar Link	pending
a2023nlcpconsent-exx231.htm	Edgar Link	pending
ex-971xclawbackpolicynovem.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
nlcp-20231231.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
nlcp-20231231.xsd	Edgar Link	pending
nlcp-20231231xexx311.htm	Edgar Link	pending
nlcp-20231231xexx312.htm	Edgar Link	pending
nlcp-20231231xexx321.htm	Edgar Link	pending
nlcp-20231231xexx322.htm	Edgar Link	pending
nlcp-20231231_g1.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
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R48.htm	Edgar Link	pending
nlcp-20231231_def.xml	Edgar Link	unprocessable
nlcp-20231231_lab.xml	Edgar Link	unprocessable
nlcp-20231231_htm.xml	Edgar Link	completed
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
nlcp-20231231_pre.xml	Edgar Link	unprocessable
nlcp-20231231_cal.xml	Edgar Link	unprocessable

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$NLCP
NewLake Capital Partners, Inc. Stock $nlcp

2024 Q1 Form 10-K Financial Statement

#000185496424000007 Filed on March 11, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NLCP NewLake Capital Partners, Inc. Stock $nlcp

2024 Q1 Form 10-K Financial Statement

#000185496424000007 Filed on March 11, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NLCP
NewLake Capital Partners, Inc. Stock $nlcp