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NewLake Capital Partners (NewLake Capital Partners) EBIT : $26.42 Mil (TTM As of Mar. 2024)


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What is NewLake Capital Partners EBIT?

NewLake Capital Partners's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $7.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $26.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NewLake Capital Partners's annualized ROC % for the quarter that ended in Mar. 2024 was 6.70%. NewLake Capital Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NewLake Capital Partners's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.58%.


NewLake Capital Partners EBIT Historical Data

The historical data trend for NewLake Capital Partners's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NewLake Capital Partners EBIT Chart

NewLake Capital Partners Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-10.43 11.60 22.63 25.40

NewLake Capital Partners Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.06 6.00 6.16 7.18 7.08

Competitive Comparison of NewLake Capital Partners's EBIT

For the REIT - Specialty subindustry, NewLake Capital Partners's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NewLake Capital Partners's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, NewLake Capital Partners's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where NewLake Capital Partners's EV-to-EBIT falls into.



NewLake Capital Partners EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $26.42 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NewLake Capital Partners  (OTCPK:NLCP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NewLake Capital Partners's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=27.908 * ( 1 - 0% )/( (413.222 + 419.733)/ 2 )
=27.908/416.4775
=6.70 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

NewLake Capital Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=28.308/( ( (0 + max(-19.108, 0)) + (0 + max(-18.284, 0)) )/ 2 )
=28.308/( ( 0 + 0 )/ 2 )
=28.308/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + -3.5527136788005E-15) - (9.502 + 0.99 + 8.616)
=-19.108

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (9.274 + 0.668 + 8.342)
=-18.284

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

NewLake Capital Partners's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=26.416/401.676
=6.58 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NewLake Capital Partners EBIT Related Terms

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NewLake Capital Partners (NewLake Capital Partners) Business Description

Traded in Other Exchanges
N/A
Address
50 Locust Avenue, First Floor, New Canaan, CT, USA, 06840
NewLake Capital Partners Inc is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases, and funding for build-to-suit projects.
Executives
David L. Weinstein director, officer: Chief Executive Officer 62 BEACH STREET, APT. 5F, NEW YORK NY 10013
Peter A. Kadens director C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630
Peter Wiser Martay director C/O NEWLAKE CAPITAL PARTNERS, INC., 300 575 LEXINGTON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Lisa Meyer officer: CFO, Treasurer and Secretary C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Anthony Coniglio director, officer: See Remarks 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Gordon F Dugan director 50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Fredric S. Starker officer: See Remarks 52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017
Alan Jeffrey Carr director 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Joyce Johnson director 8251 S LUELLA AVENUE, CHICAGO IL 60617