Newlake Capital Partners Inc
NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 34 properties, including 15 cultivation facilities and 19 dispensaries, primarily leased to single tenants under … Read more
Newlake Capital Partners Inc (NLCP) - Net Assets
Latest net assets as of September 2025: $397.60 Million USD
Based on the latest financial reports, Newlake Capital Partners Inc (NLCP) has net assets worth $397.60 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($424.00 Million) and total liabilities ($26.39 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $397.60 Million |
| % of Total Assets | 93.77% |
| Annual Growth Rate | 30.1% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 92.79 |
Newlake Capital Partners Inc - Net Assets Trend (2020–2024)
This chart illustrates how Newlake Capital Partners Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Newlake Capital Partners Inc (2020–2024)
The table below shows the annual net assets of Newlake Capital Partners Inc from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $403.97 Million | -1.94% |
| 2023-12-31 | $411.96 Million | -4.40% |
| 2022-12-31 | $430.94 Million | -1.91% |
| 2021-12-31 | $439.33 Million | +211.52% |
| 2020-12-31 | $141.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Newlake Capital Partners Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3291300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $446.83 Million | 112.62% |
| Total Equity | $396.76 Million | 100.00% |
Newlake Capital Partners Inc Competitors by Market Cap
The table below lists competitors of Newlake Capital Partners Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pendragon PLC
PINK:PDGNF
|
$212.56 Million |
|
Kiler Gayrimenkul Yatirim Ortakligi AS
IS:KLGYO
|
$212.57 Million |
|
NanoXplore Inc
OTCQX:NNXPF
|
$212.59 Million |
|
ioneer Ltd
PINK:GSCCF
|
$212.63 Million |
|
Ningbo Fujia Industrial Co Ltd
SHG:603219
|
$212.54 Million |
|
AMC Networks Inc
NASDAQ:AMCX
|
$212.42 Million |
|
Zignago Vetro S.p.A.
LSE:0NNC
|
$212.35 Million |
|
New Oroperu Resources Inc
F:OE6
|
$212.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Newlake Capital Partners Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 404,585,000 to 396,765,000, a change of -7,820,000 (-1.9%).
- Net income of 26,115,000 contributed positively to equity growth.
- Dividend payments of 34,423,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $26.11 Million | +6.58% |
| Dividends Paid | $34.42 Million | -8.68% |
| Other Changes | $488.00K | +0.12% |
| Total Change | $- | -1.93% |
Book Value vs Market Value Analysis
This analysis compares Newlake Capital Partners Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.67x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.06x to 0.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $6.35 | $13.05 | x |
| 2021-12-31 | $20.13 | $13.05 | x |
| 2022-12-31 | $19.78 | $13.05 | x |
| 2023-12-31 | $19.73 | $13.05 | x |
| 2024-12-31 | $19.34 | $13.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Newlake Capital Partners Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.09%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.09x
- Recent ROE (6.58%) is above the historical average (2.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -7.92% | -91.46% | 0.08x | 1.07x | $-24.14 Million |
| 2021 | 2.71% | 41.09% | 0.06x | 1.08x | $-31.17 Million |
| 2022 | 5.28% | 49.91% | 0.10x | 1.07x | $-20.00 Million |
| 2023 | 6.08% | 51.97% | 0.11x | 1.07x | $-15.87 Million |
| 2024 | 6.58% | 52.09% | 0.12x | 1.09x | $-13.56 Million |
Industry Comparison
This section compares Newlake Capital Partners Inc's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $2,464,316,437
- Average return on equity (ROE) among peers: 25.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Newlake Capital Partners Inc (NLCP) | $397.60 Million | -7.92% | 0.07x | $212.55 Million |
| American Tower Corp (AMT) | $3.68 Billion | 17.30% | 2.82x | $86.39 Billion |
| Automotive Properties Real Estate Investment Trust (APPTF) | $663.40 Million | 10.85% | 0.79x | $198.09 Million |
| Crown Castle (CCI) | $11.57 Billion | 5.38% | 1.83x | $36.18 Billion |
| DIGITAL CORE REIT (DGTCF) | $1.28 Billion | 16.05% | 0.57x | $460.68 Million |
| Digital Realty Trust Inc (DLR) | $1.56 Billion | 4.33% | 1.10x | $55.29 Billion |
| EPR Properties (EPR) | $1.47 Billion | 0.55% | 0.83x | $4.20 Billion |
| Equinix Inc (EQIX) | $2.75 Billion | 6.84% | 2.77x | $92.84 Billion |
| Charter Hall Social Infrastructure REIT (FKKEF) | $1.43 Billion | 4.96% | 0.49x | $693.51 Million |
| Farmland Partners Inc (FPI) | $333.37K | 175.89% | 109.73x | $467.58 Million |
| Gaming & Leisure Properties (GLPI) | $236.33 Million | 9.70% | 0.13x | $12.88 Billion |