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Newlake Capital Partners, Inc. (NLCP)
:NLCP
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.32Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2021
|% Change Since: -3.75%
|Next Earnings Date:Sep 10, 2021
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with notable revenue growth and legislative progress on cannabis rescheduling. However, there are significant challenges, including tenant payment issues and slow market growth in some regions. The company's strong balance sheet and strategic investments provide a positive outlook, but market and tenant difficulties temper the overall sentiment.Company Guidance
During the NLCP Q3 2024 earnings call, management provided guidance based on several key metrics and assumptions. The company projected its outlook by considering factors such as future acquisitions and dispositions, rental rates, occupancy levels, leasing activity, uncollectible rents, and operating expenses. Furthermore, the guidance emphasized the weighted average diluted shares outstanding and interest rates as significant influences. Anthony Coniglio highlighted that the company's AFFO payout ratio stood at 84%, within the 80% to 90% target range, offering strong dividend protection. The portfolio generated $12.5 million in total revenue, marking a 9.3% increase from the previous year, supported by rental income from new acquisitions and annual rent escalators. As of September 30, 2024, the company maintained a robust balance sheet with $430 million in gross real estate assets, $8 million in debt, and a debt-to-EBITDA ratio of less than 0.2x, coupled with $102 million in liquidity.Revenue Growth
The portfolio generated total revenue of $12.5 million in Q3 2024, marking a 9.3% increase from the previous year.
Strong Balance Sheet
As of September 30, 2024, NewLake Capital Partners had $430 million in gross real estate assets with only $8 million in debt, maintaining a debt-to-EBITDA ratio of less than 0.2x.
AFFO Payout Ratio
The AFFO payout ratio was maintained at 84%, within the target range of 80% to 90%, providing ample protection for the dividend.
Cash Dividend Declared
Declared a third-quarter cash dividend of $0.43 per share of common stock, fully supported by the earnings power of the portfolio.
Positive Legislative Developments
Rescheduling cannabis from Schedule I to Schedule III is progressing, potentially resulting in $500 million of tax savings for tenants.
New Investments and Developments
Invested $2.6 million across 4 properties in Q3 2024, with total unfunded commitments of $12.2 million.
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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 |
|---|---|---|---|
| Nov 13, 2024 | $16.81 | $17.50 | +4.10% |
| Aug 08, 2024 | $19.50 | $19.47 | -0.15% |
| May 09, 2024 | $18.97 | $19.22 | +1.32% |
| Mar 11, 2024 | $14.74 | $14.90 | +1.09% |
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, Inc. (NLCP) report earnings?
Newlake Capital Partners, Inc. (NLCP) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Newlake Capital Partners, Inc. (NLCP) earnings time?
Newlake Capital Partners, Inc. (NLCP) earnings time is at Mar 12, 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 2024 (Q4) is 0.32.
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