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NewLake Capital PartnersNLCP 83 Debt-to-Equity is 0.02 as of Mar. 2026, which is 100% above its 10-year median of 0.01. 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 683 REITs companies, NewLake Capital Partners ranks better than 98.83% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for NewLake Capital Partners's Debt-to-Equity or its related term are showing as below:
NLCP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.02
Current: 0.02
During the past 6 years, the highest Debt-to-Equity Ratio of NewLake Capital Partners was 0.02. The lowest was 0.01. And the median was 0.01.
NLCP's Debt-to-Equity is ranked better than 98.83% of 683
companies
in the REITs industry
Industry Median: 0.78
vs NLCP: 0.02
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
NewLake Capital Partners Debt-to-Equity Related Terms
NewLake Capital Partners Debt-to-Equity 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-Equity Comparison
For the REIT - Specialty subindustry, NewLake Capital Partners's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs REITs Industry
For the REITs industry and Real Estate sector, NewLake Capital Partners's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NewLake Capital Partners's Debt-to-Equity 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.
NewLake Capital Partners (NLCP) has a Debt-to-Equity of 0.02 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NewLake Capital Partners and its competitors. This is 100% above median its historical median of 0.01. Over the past decade, NewLake Capital Partners' Debt-to-Equity has ranged from 0.01 to 0.02. According to the industry distribution chart, NewLake Capital Partners ranks #8 out of 683 companies in the REITs industry, placing it in the top 1.2%.
Is NewLake Capital Partners' Debt-to-Equity too high?
NewLake Capital Partners' current Debt-to-Equity of 0.02 is 100% above median its 10-year median of 0.01. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.02. The REITs industry median Debt-to-Equity is 0.78. NewLake Capital Partners' value of 0.02 is 97.4% below this industry median. Based on the distribution chart, NewLake Capital Partners ranks #8 out of 683 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-Equity compare to LAND and FPI?
According to the REITs industry distribution chart, NewLake Capital Partners ranks #8 out of 683 companies for Debt-to-Equity. This places NewLake Capital Partners in the top 1% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.78. NewLake Capital Partners' value of 0.02 is 97.4% below this benchmark. Historically, NewLake Capital Partners' own Debt-to-Equity has ranged from 0.01 to 0.02 over the past decade. While the company's 10-year median is 0.01 vs. the industry median of 0.78, 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-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NewLake Capital Partners's current Debt-to-Equity of 0.02 is 97.4% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NewLake Capital Partners and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewLake Capital Partners's current Debt-to-Equity is 0.02, which is 100% above median its own 10-year median of 0.01. 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 $15.70 — trading 5.7% above its estimated fair value. The current Debt-to-Equity is 0.02, which is 100% above median its 10-year median of 0.01 and 97.4% below the REITs industry median of 0.78. 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For NewLake Capital Partners (NLCP), the current Debt-to-Equity is 0.02 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 $15.70 is trading 5.7% above its estimated GF Value™ of $14.85.
GuruFocus considers NewLake Capital Partners to be Fairly Valued.
Key valuation signals for NLCP:
Debt-to-Equity: 0.02 (100% above median its 10-year median of 0.01)
GF Value™: $14.85 vs. price of $15.70 (5.7% above fair value)
Industry Position: 97.4% below the REITs median (#8 of 683)
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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