NewLake Capital Partners Inc

For the period ended Mar 31, 2024. Filed May 9, 2024.

About 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, 2024 · Filed May 9, 2024

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Contents

Consolidated Statements of Operations

(In thousands, except share and per share amounts)

	Three Months Ended
	March 31,
	2024	2023
Revenue:
Rental Income	$12,127	$11,157
Interest Income from Loans	131	128
Fees and Reimbursables	350	131
Total Revenue	12,608	11,416
Expenses:
Property Expenses	22	94
Depreciation and Amortization Expense	3,568	3,561
General and Administrative Expenses:
Compensation Expense	1,235	1,127
Professional Fees	402	322
Other General and Administrative Expenses	418	470
Total General and Administrative Expenses	2,055	1,919
Total Expenses	5,645	5,574
Provision for Current Expected Credit Loss	14	—
Income From Operations	6,977	5,842
Other Income (Expense):
Other Income	100	220
Interest Expense	(83)	(92)
Total Other Income (Expense)	17	128
Net Income	6,994	5,970
Net Income Attributable to Noncontrolling Interests	(125)	(102)
Net Income Attributable to Common Stockholders	$6,869	$5,868
Net Income Attributable to Common Stockholders Per Share - Basic	$0.33	$0.27
Net Income Attributable to Common Stockholders Per Share - Diluted	$0.33	$0.27
Weighted Average Shares of Common Stock Outstanding - Basic	20,541,840	21,423,470
Weighted Average Shares of Common Stock Outstanding - Diluted	20,942,254	21,797,316

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.