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NLCP (NewLake Capital Partners) Effective Interest Rate on Debt % : 9.21% (As of Mar. 2025)


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What is NewLake Capital Partners Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. NewLake Capital Partners's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was $0.70 Mil. NewLake Capital Partners's average total debt for the quarter that ended in Mar. 2025 was $7.60 Mil. Therefore, NewLake Capital Partners's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 9.21%.


NewLake Capital Partners Effective Interest Rate on Debt % Historical Data

The historical data trend for NewLake Capital Partners's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

NewLake Capital Partners Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
- 0.16 8.09 15.20 11.77

NewLake Capital Partners Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Effective Interest Rate on Debt % 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.07 8.83 9.32 9.32 9.21

Competitive Comparison of NewLake Capital Partners's Effective Interest Rate on Debt %

For the REIT - Specialty subindustry, NewLake Capital Partners's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, NewLake Capital Partners's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where NewLake Capital Partners's Effective Interest Rate on Debt % falls into.


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NewLake Capital Partners Effective Interest Rate on Debt % Calculation

NewLake Capital Partners's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -0.565/( (2+7.6)/ 2 )
=-1  *  -0.565/4.8
=11.77 %

where

NewLake Capital Partners's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -0.7/( (7.6+7.6)/ 2 )
=-1  *  -0.7/7.6
=9.21 %

where

* 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 Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


NewLake Capital Partners  (OTCPK:NLCP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


NewLake Capital Partners Effective Interest Rate on Debt % Related Terms

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NewLake Capital Partners Business Description

Industry
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. The company own a geographically diversified portfolio consisting of thirty one properties across twelve states with thirteen tenants, comprised of seventeen dispensaries and fourteen cultivation facilities.
Executives
Anthony Coniglio director, officer: See Remarks 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
David L. Weinstein director, officer: Chief Executive Officer 62 BEACH STREET, APT. 5F, NEW YORK NY 10013
Gordon F Dugan director 50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Lisa Meyer officer: CFO, Treasurer and Secretary C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
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
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