NewLake Capital Partners (NewLake Capital Partners) Total Assets : $433.12 Mil (As of Mar. 2024)

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What is NewLake Capital Partners Total Assets?

NewLake Capital Partners's Total Assets for the quarter that ended in Mar. 2024 was $433.12 Mil.

During the past 12 months, NewLake Capital Partners's average Total Assets Growth Rate was 1.10% per year. During the past 3 years, the average Total Assets Growth Rate was 48.40% per year.

During the past 4 years, NewLake Capital Partners's highest 3-Year average Total Assets Growth Rate was 48.40%. The lowest was 48.40%. And the median was 48.40%.

Total Assets is connected with ROA %. NewLake Capital Partners's annualized ROA % for the quarter that ended in Mar. 2024 was 6.34%. Total Assets is also linked to Revenue through Asset Turnover. NewLake Capital Partners's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

NewLake Capital Partners Total Assets Historical Data

The historical data trend for NewLake Capital Partners's Total Assets 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.

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NewLake Capital Partners Total Assets Chart

NewLake Capital Partners Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

144.18

460.88

454.25

433.29

NewLake Capital Partners Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial											448.46	445.44	435.14	433.29	433.12

NewLake Capital Partners Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

NewLake Capital Partners's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	411.957	+	21.335
	=	433.29

NewLake Capital Partners's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	410.663	+	22.454
	=	433.12

NewLake Capital Partners (OTCPK:NLCP) Total Assets Explanation

Total Assets is connected with ROA %.

NewLake Capital Partners's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	27.476	/	( (433.292	+	433.117)	/ 2 )
	=	27.476	/	433.2045
	=	6.34 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

NewLake Capital Partners's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	12.608	/	( (433.292	+	433.117)	/ 2 )
=	12.608	/	433.2045
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

NewLake Capital Partners Total Assets Related Terms

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NewLake Capital Partners (NewLake Capital Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NewLake Capital Partners Inc (OTCPK:NLCP) » Definitions » Total Assets

Comparable Companies

AFCG LAND FPI CORR PW UNIT AMT EQIX CCI DLR SBAC WY IRM GLPI LAMR RYN PCH EPR ASX:ARF ASX:WPR

Traded in Other Exchanges

N/A

Address

50 Locust Avenue, First Floor, New Canaan, CT, USA, 06840

Website

https://www.newlake.com

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