NewLake Capital Partners Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31,2024 | December 31,2023 | |
|---|---|---|
| Assets: | ||
| Real Estate | ||
| Land | $22,891 | $21,397 |
| Building and Improvements | 408,552 | 390,911 |
| Total Real Estate | 431,443 | 412,308 |
| Less Accumulated Depreciation | (44,709) | (31,999) |
| Net Real Estate | 386,734 | 380,309 |
| Cash and Cash Equivalents | 20,213 | 25,843 |
| In-Place Lease Intangible Assets, net | 17,794 | 19,779 |
| Loan Receivable, net (Current Expected Credit Loss of $116 and $167, respectively) | 4,884 | 4,833 |
| Other Assets | 1,911 | 2,528 |
| Total Assets | $431,536 | $433,292 |
| Liabilities and Equity: | ||
| Liabilities: | ||
| Accounts Payable and Accrued Expenses | $1,515 | $1,117 |
| Revolving Credit Facility | 7,600 | 1,000 |
| Loan Payable, net | - | 1,000 |
| Dividends and Distributions Payable | 9,246 | 8,385 |
| Security Deposits | 8,117 | 8,616 |
| Rent Received in Advance | 684 | 990 |
| Other Liabilities | 402 | 227 |
| Total Liabilities | 27,564 | 21,335 |
| 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, 20,514,583 and 20,503,520 Shares Issued and Outstanding, respectively | 205 | 205 |
| Additional Paid-In Capital | 446,627 | 445,289 |
| Accumulated Deficit | (50,067) | (40,909) |
| Total Stockholders' Equity | 396,765 | 404,585 |
| Noncontrolling Interests | 7,207 | 7,372 |
| Total Equity | 403,972 | 411,957 |
| Total Liabilities and Equity | $431,536 | $433,292 |
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