$NLCP
NewLake Capital Partners, Inc. Stock $nlcp

$nlcp Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000185496424000029 Filed on May 09, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$12.46M	$12.61M	$11.42M
YoY Change	9.48%	10.44%	12.3%
Cost Of Revenue	$28.00K	$22.00K
YoY Change
Gross Profit	$12.43M	$12.59M
YoY Change
Gross Profit Margin	99.78%	99.83%
Selling, General & Admin	$1.848M	$2.055M	$2.013M
YoY Change	-8.56%	2.09%	-8.12%
% of Gross Profit	14.87%	16.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.100M	$3.568M	$3.557M
YoY Change	0.0%	0.31%	32.77%
% of Gross Profit	24.95%	28.35%
Operating Expenses	$5.502M	$5.645M	$5.574M
YoY Change	-1.56%	1.27%	11.64%
Operating Profit	$6.965M	$6.977M	$5.842M
YoY Change	20.36%	19.43%	14.26%
Interest Expense	-$47.00K	$83.00K	$92.00K
YoY Change	-148.45%	-9.78%	240.74%
% of Operating Profit	-0.67%	1.19%	1.57%
Other Income/Expense, Net	-$47.00K	$17.00K	$128.0K
YoY Change	-142.34%	-86.72%	509.52%
Pretax Income	$6.918M	$6.994M	$5.970M
YoY Change	17.29%	17.15%	16.26%
Income Tax
% Of Pretax Income
Net Earnings	$6.796M	$6.869M	$5.868M
YoY Change	17.23%	17.06%	14.3%
Net Earnings / Revenue	54.56%	54.48%	51.4%
Basic Earnings Per Share	$0.33	$0.33	$0.27
Diluted Earnings Per Share	$0.33	$0.33	$0.27
COMMON SHARES
Basic Shares Outstanding	20.51M shares	20.50M shares	21.41M shares
Diluted Shares Outstanding	20.95M shares	20.94M shares	21.80M shares

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$20.69M	$21.55M	$41.50M
YoY Change	-49.14%	-48.08%	-63.85%
Cash & Equivalents	$20.69M	$21.55M	$41.50M
Short-Term Investments
Other Short-Term Assets			$2.260M
YoY Change			-72.7%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$20.69M	$21.55M	$43.76M
YoY Change	-49.14%	-50.76%	-64.44%
LONG-TERM ASSETS
Property, Plant & Equipment	$389.6M	$385.3M	$376.5M
YoY Change	3.82%	2.34%	34.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets			$1.949M
YoY Change
Total Long-Term Assets	$415.5M	$411.6M	$404.7M
YoY Change	2.66%	1.7%	21.58%
TOTAL ASSETS
Total Short-Term Assets	$20.69M	$21.55M	$43.76M
Total Long-Term Assets	$415.5M	$411.6M	$404.7M
Total Assets	$436.2M	$433.1M	$448.5M
YoY Change	-2.07%	-3.42%	-1.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$921.0K	$697.0K	$1.274M
YoY Change	-35.32%	-45.29%	82.0%
Accrued Expenses	$153.0K	$169.0K	$1.274M
YoY Change		-86.73%	-34.47%
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	$18.87M	$17.79M	$17.23M
YoY Change	8.75%	3.25%	13.4%
LONG-TERM LIABILITIES
Long-Term Debt	$7.600M	$4.000M	$1.990M
YoY Change	281.33%	101.01%	1.22%
Other Long-Term Liabilities	$780.0K	$669.0K	$1.129M
YoY Change	-14.75%	-40.74%	2.08%
Total Long-Term Liabilities	$8.380M	$4.669M	$3.119M
YoY Change	188.17%	49.7%	1.53%
TOTAL LIABILITIES
Total Short-Term Liabilities	$18.87M	$17.79M	$17.23M
Total Long-Term Liabilities	$8.380M	$4.669M	$3.119M
Total Liabilities	$27.25M	$22.45M	$20.35M
YoY Change	34.5%	10.37%	11.4%
SHAREHOLDERS EQUITY
Retained Earnings	-$44.58M	-$42.48M	-$34.96M
YoY Change	18.86%	21.52%	36.62%
Common Stock	$205.0K	$205.0K	$214.0K
YoY Change	-3.76%	-4.21%	0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$401.6M	$403.3M	$420.7M
YoY Change
Total Liabilities & Shareholders Equity	$436.2M	$433.1M	$448.5M
YoY Change	-2.07%	-3.42%	-1.64%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	$6.796M	$6.869M	$5.868M
YoY Change	17.23%	17.06%	14.3%
Depreciation, Depletion And Amortization	$3.100M	$3.568M	$3.557M
YoY Change	0.0%	0.31%	32.77%
Cash From Operating Activities	$11.72M	$10.04M	$8.237M
YoY Change	17.44%	21.91%	32.07%
INVESTING ACTIVITIES
Capital Expenditures	$3.993M	$0.00	$350.0K
YoY Change		-100.0%
Acquisitions
YoY Change
Other Investing Activities	-$3.477M	-$7.894M	-$1.402M
YoY Change	118.13%	463.05%	-85.95%
Cash From Investing Activities	-$7.470M	-$7.894M	-$1.752M
YoY Change	368.63%	350.57%	-82.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$1.000M	$1.000M
YoY Change		0.0%	-44.44%
Cash From Financing Activities	-5.106M	-$6.445M	-$10.18M
YoY Change	-44.54%	-36.68%	18.86%
NET CHANGE
Cash From Operating Activities	11.72M	$10.04M	$8.237M
Cash From Investing Activities	-7.470M	-$7.894M	-$1.752M
Cash From Financing Activities	-5.106M	-$6.445M	-$10.18M
Net Change In Cash	-859.0K	-$4.297M	-$3.694M
YoY Change	4.25%	16.32%	-69.99%
FREE CASH FLOW
Cash From Operating Activities	$11.72M	$10.04M	$8.237M
Capital Expenditures	$3.993M	$0.00	$350.0K
Free Cash Flow	$7.724M	$10.04M	$7.887M
YoY Change	-22.58%	27.32%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
CY2022Q2	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2024Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2024Q1	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
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20509883	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20509883	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	205000	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	205000	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	445590000	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	445289000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-42479000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-40909000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	403316000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	404585000	usd
CY2024Q1	us-gaap	Minority Interest MinorityInterest	7347000	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	7372000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	410663000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	411957000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	433117000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	433292000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	12127000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	11157000	usd
CY2024Q1	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	131000	usd
CY2023Q1	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	128000	usd
CY2024Q1	nlcp	Fees And Reimbursables FeesAndReimbursables	350000	usd
CY2023Q1	nlcp	Fees And Reimbursables FeesAndReimbursables	131000	usd
CY2024Q1	us-gaap	Revenues Revenues	12608000	usd
CY2023Q1	us-gaap	Revenues Revenues	11416000	usd
CY2024Q1	nlcp	Property Expenses PropertyExpenses	22000	usd
CY2023Q1	nlcp	Property Expenses PropertyExpenses	94000	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3568000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3561000	usd
CY2024Q1	us-gaap	Compensation Expense Excluding Cost Of Good And Service Sold CompensationExpenseExcludingCostOfGoodAndServiceSold	1235000	usd
CY2023Q1	us-gaap	Compensation Expense Excluding Cost Of Good And Service Sold CompensationExpenseExcludingCostOfGoodAndServiceSold	1127000	usd
CY2024Q1	us-gaap	Professional Fees ProfessionalFees	402000	usd
CY2023Q1	us-gaap	Professional Fees ProfessionalFees	322000	usd
CY2024Q1	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	418000	usd
CY2023Q1	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	470000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2055000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1919000	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	5645000	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	5574000	usd
CY2024Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	-14000	usd
CY2023Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	0	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	6977000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	5842000	usd
CY2024Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	100000	usd
CY2023Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	220000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	83000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	92000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	17000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	128000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	6994000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	5970000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	125000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	102000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	6869000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	5868000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.33
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.27
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.33
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.27
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20541840	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21423470	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20942254	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21797316	shares
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	411957000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	0	usd
CY2024Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	46000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	350000	usd
CY2024Q1	us-gaap	Dividends Common Stock DividendsCommonStock	8409000	usd
CY2024Q1	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	30000	usd
CY2024Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	153000	usd
CY2024Q1	nlcp	Adjustment For Noncontrolling Interest Ownership In Operating Partnership AdjustmentForNoncontrollingInterestOwnershipInOperatingPartnership	0	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	410663000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	430938000	usd
CY2023Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	622000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	308000	usd
CY2023Q1	us-gaap	Dividends Common Stock DividendsCommonStock	8330000	usd
CY2023Q1	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	7000	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	146000	usd
CY2023Q1	nlcp	Adjustment For Noncontrolling Interest Ownership In Operating Partnership AdjustmentForNoncontrollingInterestOwnershipInOperatingPartnership	0	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	5970000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	428111000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	6994000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	5970000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	350000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	308000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3568000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3557000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	67000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	64000	usd
CY2024Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	0	usd
CY2023Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	3000	usd
CY2024Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	-14000	usd
CY2023Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	0	usd
CY2024Q1	nlcp	Non Cash Lease Expense NonCashLeaseExpense	-1000	usd
CY2023Q1	nlcp	Non Cash Lease Expense NonCashLeaseExpense	0	usd
CY2024Q1	nlcp	Non Cash Application Of Rent Escrow NonCashApplicationOfRentEscrow	274000	usd
CY2023Q1	nlcp	Non Cash Application Of Rent Escrow NonCashApplicationOfRentEscrow	0	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-151000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-259000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-420000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-383000	usd
CY2024Q1	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	0	usd
CY2023Q1	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	-305000	usd
CY2024Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-322000	usd
CY2023Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-724000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-57000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-512000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	10042000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	8237000	usd
CY2024Q1	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	7894000	usd
CY2023Q1	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	1402000	usd
CY2024Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	0	usd
CY2023Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	350000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7894000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1752000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	622000	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	46000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	usd
CY2024Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	8201000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	8349000	usd
CY2024Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	49000	usd
CY2023Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	17000	usd
CY2024Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	149000	usd
CY2023Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	146000	usd
CY2024Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	3000000	usd
CY2023Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
CY2024Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1000000	usd
CY2023Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1000000	usd
CY2024Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	usd
CY2023Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	45000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6445000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-10179000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4297000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-3694000	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
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	21546000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	41498000	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	54000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	94000	usd
CY2024Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	8577000	usd
CY2023Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	8483000	usd
CY2024Q1	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	7894000	usd
CY2024Q1	nlcp	Unfunded Commitments UnfundedCommitments	6458000	usd
CY2023	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	14400000	usd
CY2023	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	14434000	usd
CY2023Q4	nlcp	Unfunded Commitments UnfundedCommitments	14351000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	0	usd
CY2023Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	24159000	usd
CY2024Q1	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 </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%">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>
CY2024Q1	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 the Company's current year presentation.</span></div>
CY2024Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	31	property
CY2024Q1	nlcp	Number Of States In Which Entity Owns Property NumberOfStatesInWhichEntityOwnsProperty	12	state
CY2024Q1	us-gaap	Land Land	21397000	usd
CY2024Q1	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	398805000	usd
CY2024Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	420202000	usd
CY2024Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	35066000	usd
CY2024Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	385136000	usd
CY2024Q1	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	7900000	usd
CY2024Q1	nlcp	Construction In Progress Fundings ConstructionInProgressFundings	7894000	usd
CY2024Q1	nlcp	Construction In Progress Placed In Service ConstructionInProgressPlacedInService	0	usd
CY2024Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	32053000	usd
CY2022Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	10541000	usd
CY2023	nlcp	Construction In Progress Fundings ConstructionInProgressFundings	13618000	usd
CY2023	nlcp	Construction In Progress Placed In Service ConstructionInProgressPlacedInService	0	usd
CY2023Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	24159000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	3100000	usd
CY2024Q1	us-gaap	Depreciation Depreciation	3100000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	500000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	500000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	1490000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1985000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1985000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1985000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1985000	usd
CY2024Q1	nlcp	Finite Lived Intangible Asset Expected Amortization After Year Four FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour	9853000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	19283000	usd
CY2024Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2023Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2024Q1	nlcp	Lessor Reimbursable Revenue LessorReimbursableRevenue	299800	usd
CY2023Q1	nlcp	Lessor Reimbursable Revenue LessorReimbursableRevenue	83100	usd
CY2024Q1	nlcp	Lessor Number Of Leases Subject To Purchase Option LessorNumberOfLeasesSubjectToPurchaseOption	2	lease
CY2024Q1	nlcp	Lessor Number Of Leases Subject To Purchase Option LessorNumberOfLeasesSubjectToPurchaseOption	2	lease
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	37428000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	51421000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	52965000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	54344000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	55759000	usd
CY2024Q1	nlcp	Lessor Operating Lease Payment To Be Received After Year Four LessorOperatingLeasePaymentToBeReceivedAfterYearFour	544828000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	796745000	usd
CY2024Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	31	property
CY2023Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	31	property
CY2024Q1	nlcp	Number Of Tenants NumberOfTenants	13	tenant
CY2023Q4	nlcp	Number Of Tenants NumberOfTenants	13	tenant
CY2024Q1	nlcp	Number Of States In Which Entity Owns Property NumberOfStatesInWhichEntityOwnsProperty	12	state
CY2023Q4	nlcp	Number Of States In Which Entity Owns Property NumberOfStatesInWhichEntityOwnsProperty	12	state
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20509883	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20503520	shares
CY2024Q1	nlcp	Lessee Number Of Leases LesseeNumberOfLeases	1	lease
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	273000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	161200	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	177400	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	57000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	77000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	52000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	186000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	17000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	169000	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0565
CY2024Q1	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P2Y5M1D
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	166650	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	-14322	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	152328	usd
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20509883	shares
CY2024Q1	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.018	rate
CY2023Q4	nlcp	Stockholders Equity Attributable To Noncontrolling Interest Percentage StockholdersEquityAttributableToNoncontrollingInterestPercentage	0.018	rate
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20503520	shares
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	10000000	usd
CY2023Q3	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	10000000	usd
CY2024Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2023Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	49307	shares
CY2023Q1	nlcp	Common Stock Acquired Average Cost Per Share CommonStockAcquiredAverageCostPerShare	12.63
CY2023Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	600000	usd
CY2024Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	8200000	usd
CY2024Q1	nlcp	Amount Per Share In Dollars Per Share AmountPerShareInDollarsPerShare	0.41
CY2024Q1	nlcp	Amount Per Share In Dollars Per Share AmountPerShareInDollarsPerShare	0.41
CY2023Q1	nlcp	Amount Per Share In Dollars Per Share AmountPerShareInDollarsPerShare	0.39
CY2023Q1	nlcp	Amount Per Share In Dollars Per Share AmountPerShareInDollarsPerShare	0.39
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	6869000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	5868000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	125000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	102000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	6994000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	5970000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20541840	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21423470	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20942254	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21797316	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.33
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.27
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.33
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.27
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	us-gaap	Notes Receivable Net NotesReceivableNet	4848000	usd
CY2023Q4	us-gaap	Notes Receivable Net NotesReceivableNet	4833000	usd
CY2024Q1	us-gaap	Line Of Credit LineOfCredit	4000000	usd
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	1000000	usd
CY2024Q1	us-gaap	Loans Payable LoansPayable	0	usd
CY2023Q4	us-gaap	Loans Payable LoansPayable	1000000	usd
CY2024Q1	us-gaap	Notes Receivable Gross NotesReceivableGross	5000000	usd
CY2023Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	5000000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	152300	usd
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	166700	usd
CY2024Q1	nlcp	Unfunded Commitments For Development And Improvement Of Facilities UnfundedCommitmentsForDevelopmentAndImprovementOfFacilities	6500000	usd
CY2024Q1	nlcp	Lessee Number Of Leases LesseeNumberOfLeases	1	lease
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001854964-24-000029-index-headers.html	Edgar Link	pending
0001854964-24-000029-index.html	Edgar Link	pending
0001854964-24-000029.txt	Edgar Link	pending
0001854964-24-000029-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
march62024cfoemploymentagr.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
nlcp-20240331.htm	Edgar Link	pending
nlcp-20240331.xsd	Edgar Link	pending
nlcp-20240331xexx311.htm	Edgar Link	pending
nlcp-20240331xexx312.htm	Edgar Link	pending
nlcp-20240331xexx321.htm	Edgar Link	pending
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nlcp-20240331_g1.jpg	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
nlcp-20240331_cal.xml	Edgar Link	unprocessable
nlcp-20240331_def.xml	Edgar Link	unprocessable
nlcp-20240331_lab.xml	Edgar Link	unprocessable
nlcp-20240331_pre.xml	Edgar Link	unprocessable
nlcp-20240331_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$NLCP
NewLake Capital Partners, Inc. Stock $nlcp

2024 Q2 Form 10-Q Financial Statement

#000185496424000029 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NLCP NewLake Capital Partners, Inc. Stock $nlcp

2024 Q2 Form 10-Q Financial Statement

#000185496424000029 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NLCP
NewLake Capital Partners, Inc. Stock $nlcp