NewLake Capital Partners, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets: | ||
| Real Estate | ||
| Land | $23,073 | $22,891 |
| Building and Improvements | 408,655 | 408,552 |
| Total Real Estate | 431,728 | 431,443 |
| Less Accumulated Depreciation | (48,091) | (44,709) |
| Net Real Estate | 383,637 | 386,734 |
| Cash and Cash Equivalents | 19,943 | 20,213 |
| In-Place Lease Intangible Assets, net | 17,297 | 17,794 |
| Loan Receivable, net (Current Expected Credit Loss of $103 and $116, respectively) | 4,897 | 4,884 |
| Other Assets | 1,770 | 1,911 |
| Total Assets | $427,544 | $431,536 |
| Liabilities and Equity: | ||
| Liabilities: | ||
| Accounts Payable and Accrued Expenses | $1,051 | $1,515 |
| Revolving Credit Facility | 7,600 | 7,600 |
| Dividends and Distributions Payable | 9,015 | 9,246 |
| Security Deposits | 7,633 | 8,117 |
| Rent Received in Advance | 1,054 | 684 |
| Other Liabilities | 93 | 402 |
| Total Liabilities | 26,446 | 27,564 |
| Commitments and Contingencies | ||
| Equity: | ||
| Preferred Stock, $0.01 Par Value, 100,000,000 Shares Authorized, 0 Shares Issued and Outstanding, respectively | — | — |
| Common Stock, $0.01 Par Value, 400,000,000 Shares Authorized, 20,538,785 and 20,514,583 Shares Issued and Outstanding, respectively | 205 | 205 |
| Additional Paid-In Capital | 446,709 | 446,627 |
| Accumulated Deficit | (52,677) | (50,067) |
| Total Stockholders' Equity | 394,237 | 396,765 |
| Noncontrolling Interests | 6,861 | 7,207 |
| Total Equity | 401,098 | 403,972 |
| Total Liabilities and Equity | $427,544 | $431,536 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.