NewLake Capital Partners, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
View on SEC.govAbout this filing
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 Statements of Equity
(In thousands, except share amounts)
| Three Months Ended March 31, 2025 | ||||||
|---|---|---|---|---|---|---|
| Common Stock | ||||||
| Shares | Par | Additional Paid-in Capital | Accumulated Deficit | Noncontrolling Interest | Total Equity | |
| Balance as of December 31, 2024 | 20,514,583 | $205 | $446,627 | $(50,067) | $7,207 | $403,972 |
| Conversion of Vested RSUs to Common Stock | 9,916 | — | — | — | — | — |
| Conversion of Issued PSUs to Common Stock | 13,537 | — | — | — | — | — |
| Cash Redemption of LPI Units | — | — | (253) | — | — | (253) |
| Cash Paid for Taxes in Lieu of Issuance of Common Stock | — | — | (352) | — | — | (352) |
| Stock-Based Compensation | 749 | — | 388 | — | — | 388 |
| Dividends to Common Stock | — | — | — | (8,832) | — | (8,832) |
| Dividends on Restricted Stock Units | — | — | — | (75) | — | (75) |
| Distributions to OP Unitholders | — | — | — | — | (154) | (154) |
| Adjustment for Noncontrolling Interest Ownership in Operating Partnership | — | — | 299 | — | (299) | — |
| Net Income | — | — | — | 6,297 | 107 | 6,404 |
| Balance as of March 31, 2025 | 20,538,785 | $205 | $446,709 | $(52,677) | $6,861 | $401,098 |
| Three Months Ended March 31, 2024 | ||||||
|---|---|---|---|---|---|---|
| Common Stock | ||||||
| Shares | Par | Additional Paid-in Capital | Accumulated Deficit | Noncontrolling Interest | Total Equity | |
| Balance as of December 31, 2023 | 20,503,520 | $205 | $445,289 | $(40,909) | $7,372 | $411,957 |
| Conversion of Vested RSUs to Common Stock | 6,363 | — | — | — | — | — |
| Cash Paid for Taxes in Lieu of Issuance of Common Stock | — | — | (46) | — | — | (46) |
| Stock-Based Compensation | — | — | 350 | — | — | 350 |
| Dividends to Common Stock | — | — | — | (8,409) | — | (8,409) |
| Dividends on Restricted Stock Units | — | — | — | (30) | — | (30) |
| Distributions to OP Unit Holders | — | — | — | — | (153) | (153) |
| Adjustment for Noncontrolling Interest Ownership in Operating Partnership | — | — | (3) | — | 3 | — |
| Net Income | — | — | — | 6,869 | 125 | 6,994 |
| Balance as of March 31, 2024 | 20,509,883 | $205 | $445,590 | $(42,479) | $7,347 | $410,663 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.