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NewLake Capital Partners (NLCP)
OTHER OTC:NLCP
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -3.19%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted NewLake's financial growth and strong liquidity position, but also addressed significant challenges such as tenant payment issues and delays in federal cannabis reform. The company remains cautious about the industry's future due to these ongoing uncertainties.Company Guidance
During NewLake Capital Partners' Fourth Quarter and Full Year 2024 Earnings Conference Call, the company provided guidance based on several key metrics and assumptions. The management anticipates continued headwinds in the cannabis industry for 2025 while awaiting developments such as the DEA's rescheduling decision and potential federal reforms. Despite these challenges, NewLake reported a 10% year-over-year growth in AFFO per share and increased their annual dividends by 8% to $1.70 per share in 2024. The company maintains a strong liquidity position with $103 million available, including $20.2 million in cash and $82.4 million in untapped credit facility capacity. NewLake's portfolio includes $445 million committed across 32 properties with 1.7 million square feet, maintaining an EBITDA coverage of 3.5x for cultivation and 9.0x for dispensaries. The company plans to continue its disciplined investment strategy with a focus on high-quality tenants and prudent risk management, supported by one of the lowest leverage levels in the REIT industry.AFFO Per Share Growth
NewLake achieved a growth in AFFO per share of 10% year-over-year for 2024, demonstrating sustained growth since their founding in 2019.
Increased Dividends
Annual dividends were increased to $1.70 per share, an 8% rise over 2023, reflecting NewLake's commitment to delivering value to shareholders.
Strong Liquidity Position
NewLake reported a strong liquidity position with $103 million available, including $20.2 million in cash and $82.4 million in untapped credit facility capacity.
Revenue Growth
Total revenue for 2024 reached $50.1 million, representing a 6% increase from $47.3 million in 2023.
New Board Member
Dina Rollman, with over a decade of experience in the cannabis industry, was added to the Board of Directors, enhancing leadership in legal and regulatory affairs.
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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
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NLCP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 09, 2024 | $18.43 | $18.67 | +1.30% |
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.
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FAQ
When does NewLake Capital Partners (NLCP) report earnings?
NewLake Capital Partners (NLCP) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is NewLake Capital Partners (NLCP) earnings time?
NewLake Capital Partners (NLCP) earnings time is at May 08, 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 (Q1) is 0.3.
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