NewLake Capital Partners Inc
For the period ended Dec 31, 2023. Filed Mar 11, 2024.
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FY2023 · Filed Mar 11, 2024
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
| December 31,2023 | December 31,2022 | |
|---|---|---|
| Assets: | ||
| Real Estate | ||
| Land | $21,397 | $21,427 |
| Building and Improvements | 390,911 | 378,047 |
| Total Real Estate | 412,308 | 399,474 |
| Less Accumulated Depreciation | (31,999) | (19,736) |
| Net Real Estate | 380,309 | 379,738 |
| Cash and Cash Equivalents | 25,843 | 45,192 |
| In-Place Lease Intangible Assets, net | 19,779 | 21,765 |
| Loan Receivable, net (current expected credit loss 2023: $167; 2022: $0) | 4,833 | 5,000 |
| Other Assets | 2,528 | 2,554 |
| Total Assets | $433,292 | $454,249 |
| Liabilities and Equity: | ||
| Liabilities: | ||
| Accounts Payable and Accrued Expenses | $1,117 | $1,659 |
| Revolving Credit Facility | 1,000 | 1,000 |
| Loan Payable, net | 1,000 | 1,986 |
| Dividends and Distributions Payable | 8,385 | 8,512 |
| Security Deposits | 8,616 | 7,774 |
| Rent Received in Advance | 990 | 1,375 |
| Other Liabilities | 227 | 1,005 |
| Total Liabilities | 21,335 | 23,311 |
| Commitments and Contingencies (Note 15) | ||
| 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, 20,503,520 and 21,408,194 Shares Issued and Outstanding, respectively | 205 | 214 |
| Additional Paid-In Capital | 445,289 | 455,822 |
| Accumulated Deficit | (40,909) | (32,487) |
| Total Stockholders' Equity | 404,585 | 423,549 |
| Noncontrolling Interests | 7,372 | 7,389 |
| Total Equity | 411,957 | 430,938 |
| Total Liabilities and Equity | $433,292 | $454,249 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.