NewLake Capital Partners, Inc.

NewLake Capital Partners, Inc.verified

NLCP

Price:

$19.9

Market Cap:

$408.16M

NewLake Capital Partners is a leading provider of real estate capital to state-licensed cannabis operators. Founded in 2019, it is a triple-net lease REIT that acquires industrial and retail properties through sale-leaseback transactions, third-party purchases and build-to-suit projects. Its tenants are some of the leading operators in the U.S. state-licensed cannabis industry and it is a trusted partner for their real estate needs.[Read more]

Industry

REIT - Specialty

IPO Date

2021-08-20

Stock Exchange

PNK

Ticker

NLCP

The Current Ratio as of September 2024 (TTM) for NewLake Capital Partners, Inc. (NLCP) is 0.94

According to NewLake Capital Partners, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.94. This represents a change of -33.97% compared to the average of 1.43 of the last 4 quarters.

NewLake Capital Partners, Inc. (NLCP) Historical Current Ratio (quarterly & annually)

How has NLCP Current Ratio performed in the past?

The mean historical Current Ratio of NewLake Capital Partners, Inc. over the last ten years is 28.18. The current 0.94 Current Ratio has changed 234.44% with respect to the historical average. Over the past ten years (40 quarters), NLCP's Current Ratio was at its highest in in the March 2021 quarter at 177.15. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

28.18

Median

6.42

Minimum

1.53

Maximum

120.40

NewLake Capital Partners, Inc. (NLCP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of NewLake Capital Partners, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 57.17%

Maximum Annual Current Ratio = 120.40

Minimum Annual Increase = -94.66%

Minimum Annual Current Ratio = 1.53

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.53-38.24%
20222.47-75.53%
202110.1057.17%
20206.42-94.66%

NewLake Capital Partners, Inc. (NLCP) Average Current Ratio

How has NLCP Current Ratio performed in the past?

The current Current Ratio of NewLake Capital Partners, Inc. (NLCP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

4.70

5-year avg

28.18

10-year avg

28.18

NewLake Capital Partners, Inc. (NLCP) Current Ratio vs. Peers

How is NLCP’s Current Ratio compared to its peers?

NewLake Capital Partners, Inc.’s Current Ratio is less than AFC Gamma, Inc. (8.27), less than Alpine Income Property Trust, Inc. (6.69), less than Chicago Atlantic Real Estate Finance, Inc. (25.65), less than Power REIT (1.24), greater than Global Medical REIT Inc. (0.03),

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