NewLake Capital Partners, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
(In thousands)
| For the Nine Months Ended | ||
|---|---|---|
| September 30, 2025 | September 30, 2024 | |
| Cash Flows from Operating Activities: | ||
| Net Income | $20,630 | $20,450 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | ||
| Stock-Based Compensation | 750 | 1,223 |
| Loss on Sale of Real Estate | 34 | — |
| Depreciation and Amortization Expense | 11,634 | 10,920 |
| Amortization of Debt Issuance Costs | 202 | 202 |
| Provision for Credit Loss | (34) | (38) |
| Straight-Line Rent Expense | (4) | (2) |
| Application of Rent Escrow | (446) | (299) |
| Application of Security Deposit | (548) | — |
| Changes in Assets and Liabilities | ||
| Other Assets | (151) | (123) |
| Accounts Payable and Accrued Expenses | 39 | 128 |
| Security Deposits | 14 | 677 |
| Rent Received in Advance | 587 | (322) |
| Other Liabilities | (342) | (96) |
| Net Cash Provided by Operating Activities | 32,365 | 32,720 |
| Cash Flows from Investing Activities: | ||
| Funding of Improvement Allowances | — | (13,964) |
| Acquisition of Real Estate | (785) | (3,993) |
| Net Cash Used in Investing Activities | (785) | (17,957) |
| Cash Flows from Financing Activities: | ||
| Cash Paid for Taxes in Lieu of Issuance of Common Stock | (352) | (46) |
| Performance Stock Units Settled in Cash | (251) | — |
| Common Stock Dividends Paid | (26,491) | (25,430) |
| Restricted Stock Units and Performance Stock Units Dividends Paid | (409) | (143) |
| Distributions to LPI Unitholders | (468) | (463) |
| Cash Redemption of LPI Units | (253) | — |
| Borrowings from Revolving Credit Facility | — | 6,600 |
| Principal Repayment on Loan Payable | — | (1,000) |
| Deferred Offering Costs | — | (291) |
| Net Cash Used in Financing Activities | (28,224) | (20,773) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 3,356 | (6,010) |
| Cash and Cash Equivalents - Beginning of Period | 20,213 | 25,843 |
| Cash and Cash Equivalents - End of Period | $23,569 | $19,833 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Interest Paid | $398 | $195 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities: | ||
| Dividends and Distributions Declared, Not Paid | $9,024 | $9,009 |
| Nonmonetary Acquisition of Real Estate | $950 | $— |
| Nonmonetary Disposition of Real Estate | $986 | $— |
| Accrual for Deferred Offering Costs | $— | $7 |
| Conversion of OP Units to Common Stock | $— | $19 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.