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NewLake Capital Partners, Inc., (the Company we, our, us, ), a Maryland corporation, was formed on April 9, 2019 under the Maryland General Corporation Law, as GreenAcreage Real Estate Corp. ( GARE ) and subsequently changed our name to NewLake Capital Partners, Inc. We are an internally managed real estate investment trust ( REIT ) focused on providing real estate capital to state-licensed can…
$15.33
$0.10 (-0.65%)
EOD Jul 17, 2026
53.31% operating margin is above average. ROIC at 5.38%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 1.9%, essentially flat. This is a business that needs a catalyst.
Even for strong businesses, today's 12x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
12.3x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$50M
▲ +1.9% YoY
Net Income (TTM)
$26M
▲ +0.8% YoY
Op. Margin
53.32%
ROIC
5.33%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$43M
▼ -2.0% YoY
Net Debt
-$17M
Net Cash Position
Cash & Equiv.
$25M
5Y CAGR: +34.4%
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At a P/E of 12.3, NewLake Capital Partners (NLCP)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, NewLake Capital Partners scores 75/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 11.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
NewLake Capital Partners scores 75 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 53.3% operating margin and a 5.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, NewLake Capital Partners pays a regular dividend of about $1.68 per share per year (typically in quarterly installments), a yield of roughly 11.0% at the current price. That is a payout ratio of about 137.0% of earnings, so the dividend is stretched at this level. NewLake Capital Partners has grown the dividend at roughly 31.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NLCP's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh NLCP's valuation and scores 75/100 on quality (solid). It also yields about 11.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.