MARKETS / BALCAO / NLCP
BALCAO · REAL ESTATE INVESTMENT TRUSTS

NewLake Capital Partners, Inc. NLCP

6 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$49.5M
▲ 1.2% vs FY2024
Dividend streak
2 yrs
Raised every year since 2024
EPS · FY25
$1.28
Dividend / sh · FY25
$1.72
Payout · FY25
134%
ROE · FY25
6.7%
Net margin · FY25
53.1%
Dividend coverage
0.7×
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Result
USD 49.5M
Revenue, FY2025 · full 6-year series below
Revenue Net income
0.020.040.060.00.0202020232025
0.020.040.060.00.0202020232025

53 cents of every revenue dollar became profit this year.

Per share
USD 1.28
Diluted EPS, FY2025
EPS Dividend
0.81.62.41.721.28202020232025
0.81.62.41.721.28202020232025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
6.7%
Return on equity, FY2025
ROE
24686.7%202020232025
24686.7%202020232025
Operating margin55.0%
Net margin53.1%
Return on assets6.2%

Each USD of equity produced 7 cents of profit this year.

Returned to shareholders
USD 35.3M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 35.3M
Net buybacks
Share of profit134.2%
Consecutive raises2 years

USD 35.3M in dividends — 134% of the year's profit, so the payout drew on cash built up earlier.

Growth
+33.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.5%
+33.5%
Net income
+6.2%
EPS, diluted
+7.5%
Returned to shareholders
+6.8%
+46.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.02B
Shares outstanding, FY2025
0.010.02202020232025
0.010.02202020232025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 420.8M
total assets, end of FY2025
Total assetsUSD 420.8M
EquityUSD 387.9M
CashUSD 23.9M

Equity funds 92% of total assets.

History
6 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
Operating income $B
0.0
0.0
0.0
0.0
0.0
−0.0
EBITDA $B
0.0
0.0
0.0
0.0
0.0
−0.0
Income tax $B
·
·
·
·
·
·
Net income $B
0.0
0.0
0.0
0.0
0.0
−0.0
EPS, diluted $
1.28
1.27
1.16
1.03
0.65
−1.50
Dividend / sh $
1.72
1.70
1.57
·
·
·
Payout %
134
131
134
132
101
−49
ROE %
6.7
6.5
5.9
5.2
4.1
−7.7
Shares out B
0.02
0.02
0.02
0.02
0.02
0.01

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
12 of 12
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed