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NewLake Capital PartnersNLCP -0.45%83 Debt-to-EBITDA is 0.19 as of Mar. 2026, which is 6% above its 10-year median of 0.18. GuruFocus rates NLCP with a GF Score™ of 83/100 and a GF Value™ of $14.85 (Fairly Valued). The stock has 7 warning signs investors should review. Among 572 REITs companies, NewLake Capital Partners ranks better than 97.9% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for NewLake Capital Partners's Debt-to-EBITDA or its related term are showing as below:
NLCP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.05 Med: 0.18 Max: 0.19
Current: 0.18
During the past 6 years, the highest Debt-to-EBITDA Ratio of NewLake Capital Partners was 0.19. The lowest was 0.05. And the median was 0.18.
NLCP's Debt-to-EBITDA is ranked better than 97.9% of 572
companies
in the REITs industry
Industry Median: 6.545
vs NLCP: 0.18
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
NewLake Capital Partners Debt-to-EBITDA Related Terms
NewLake Capital Partners Debt-to-EBITDA Historical Data
* 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.
NLCP vs LAND, FPI, SELF: Debt-to-EBITDA Comparison
For the REIT - Specialty subindustry, NewLake Capital Partners's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, NewLake Capital Partners's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where NewLake Capital Partners's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
NewLake Capital Partners (NLCP) has a Debt-to-EBITDA of 0.19 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on NewLake Capital Partners. This is near median its historical median of 0.18. Over the past decade, NewLake Capital Partners' Debt-to-EBITDA has ranged from 0.05 to 0.19. According to the industry distribution chart, NewLake Capital Partners ranks #12 out of 572 companies in the REITs industry, placing it in the top 2.1%.
Is NewLake Capital Partners' Debt-to-EBITDA too high?
NewLake Capital Partners' current Debt-to-EBITDA of 0.19 is near median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.19. The REITs industry median Debt-to-EBITDA is 6.55. NewLake Capital Partners' value of 0.19 is 97.1% below this industry median. Based on the distribution chart, NewLake Capital Partners ranks #12 out of 572 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, NewLake Capital Partners has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NewLake Capital Partners' Debt-to-EBITDA compare to LAND and FPI?
According to the REITs industry distribution chart, NewLake Capital Partners ranks #12 out of 572 companies for Debt-to-EBITDA. This places NewLake Capital Partners in the top 2% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 6.55. NewLake Capital Partners' value of 0.19 is 97.1% below this benchmark. Historically, NewLake Capital Partners' own Debt-to-EBITDA has ranged from 0.05 to 0.19 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 6.55, NewLake Capital Partners has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.55, based on 572 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NewLake Capital Partners's current Debt-to-EBITDA of 0.19 is 97.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on NewLake Capital Partners. For the REITs industry, the median Debt-to-EBITDA is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewLake Capital Partners's current Debt-to-EBITDA is 0.19, which is near median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NewLake Capital Partners stock overvalued right now?
Based on GuruFocus' analysis, NewLake Capital Partners (NLCP) is currently considered Fairly Valued. The stock's GF Value™ is $14.85, compared to a current price of $15.63 — trading 5.3% above its estimated fair value. The current Debt-to-EBITDA is 0.19, which is near median its 10-year median of 0.18 and 97.1% below the REITs industry median of 6.55. NewLake Capital Partners' overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For NewLake Capital Partners (NLCP), the current Debt-to-EBITDA is 0.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NewLake Capital Partners (NLCP) Overvalued in 2026?
Based on GuruFocus' analysis, NewLake Capital Partners stock appears to be overvalued.
The current stock price of $15.63 is trading 5.3% above its estimated GF Value™ of $14.85.
GuruFocus considers NewLake Capital Partners to be Fairly Valued.
Key valuation signals for NLCP:
Debt-to-EBITDA: 0.19 (near median its 10-year median of 0.18)
GF Value™: $14.85 vs. price of $15.63 (5.3% above fair value)
Industry Position: 97.1% below the REITs median (#12 of 572)
No single metric tells the full story. See the NLCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NewLake Capital Partners Inc is an internally managed real estate investment trust (REIT) focused on providing real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases and funding for build-to-suit projects. properties are leased to single tenants on a long-term, triple-net basis, which obligates the tenant to be responsible for the ongoing expenses of a property, in addition to its rent obligations. Its tenants operate in the fast-growing cannabis industry.
83GF Score
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