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NewLake Capital Partners (NLCP)
OTHER OTC:NLCP
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.29Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -1.66%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed outlook with stable rent collections, strategic acquisitions, and a strong balance sheet, countered by ongoing challenges in the cannabis industry, issues with specific tenants, and a slight decline in AFFO. The company maintains a cautious but strategic approach to navigate the current landscape.Company Guidance
During the New Lake Capital Partners First Quarter 2025 Earnings Conference Call, the company provided guidance on several key metrics. Rent collections remained stable, aligning with previous expectations, and the AFFO payout ratio was 84%, within their target range of 80% to 90%. The company reported total revenue of $13.2 million for the quarter, a 4.8% increase from the previous year, with net income attributable to common shareholders totaling $6.3 million or $0.31 per share. Adjusted funds from operations were $10.7 million or $0.51 per share, reflecting a modest decline of 2.2% compared to the same period in 2024. The company declared a cash dividend of $0.43 per share, with an 84% payout ratio. New Lake maintains a strong balance sheet with $432 million in gross real estate assets and only $8 million in debt, resulting in a debt to EBITDA ratio of less than 0.2 times. The company has $102 million in liquidity, including $19.9 million in cash and $82.4 million in untapped credit facility capacity.Stable Rent Collections and Property Acquisitions
Rent collections remain stable and two new property acquisitions were completed, aligning with the disciplined investment strategy.
AFFO Payout Ratio within Target Range
The first quarter AFFO payout ratio was 84%, consistent with the target range of 80% to 90%, supporting the dividend.
Revenue Growth and Strong Balance Sheet
Total revenue increased by 4.8% year-over-year to $13.2 million, with a solid balance sheet featuring $432 million in gross real estate assets and only $8 million in debt.
Strategic Tenant Developments
Calypso secured a strategic investment, enhancing its value, especially as Pennsylvania nears adult use market approval.
NLCP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NLCP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $14.42 | $14.53 | +0.76% |
Mar 05, 2025 | $15.65 | $15.64 | -0.06% |
Nov 13, 2024 | $16.33 | $17.00 | +4.10% |
Aug 08, 2024 | $18.94 | $18.91 | -0.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NewLake Capital Partners (NLCP) report earnings?
NewLake Capital Partners (NLCP) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is NewLake Capital Partners (NLCP) earnings time?
NewLake Capital Partners (NLCP) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NLCP EPS forecast?
NLCP EPS forecast for the fiscal quarter 2025 (Q2) is 0.29.