Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NewLake Capital Partners's earnings per share without non-recurring items for the
three
months ended in Mar. 2026 was $0.28.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was $1.24.
During the past 12 months, NewLake Capital Partners's average earnings per share (NRI) Growth Rate was 0.10% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 7.50% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 112.80% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for NewLake Capital Partners's EPS without NRI or its related term are showing as below:
NLCP'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 7.5 Med: 25.7 Max: 387.7
Current: 7.5
During the past 6 years, NewLake Capital Partners's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 387.70% per year. The lowest was 7.50% per year. And the median was 25.70% per year.
NLCP's 3-Year EPS without NRI Growth Rate is ranked better than 64.67% of 668
companies
in the REITs industry
Industry Median: 0.95
vs NLCP: 7.50
NewLake Capital Partners (OTCPK:NLCP) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
NewLake Capital Partners EPS without NRI Related Terms
NewLake Capital Partners EPS without NRI 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: EPS without NRI Comparison
For the REIT - Specialty subindustry, NewLake Capital Partners's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs REITs Industry
For the REITs industry and Real Estate sector, NewLake Capital Partners's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where NewLake Capital Partners's PE Ratio without NRI falls into.
NewLake Capital Partners EPS without NRI Calculation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.24
* 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 EPS without NRI of $1.24 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on NewLake Capital Partners and its competitors. According to the industry distribution chart, NewLake Capital Partners ranks #236 out of 668 companies in the REITs industry, placing it in the top 35.3%.
Is NewLake Capital Partners' EPS without NRI too high?
NewLake Capital Partners' current EPS without NRI is $1.24. The REITs industry median EPS without NRI is 0.95. NewLake Capital Partners' value of $1.24 is 30.5% above this industry median. Based on the distribution chart, NewLake Capital Partners ranks #236 out of 668 companies in the REITs industry, which is above the industry midpoint. 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' EPS without NRI compare to LAND and FPI?
According to the REITs industry distribution chart, NewLake Capital Partners ranks #236 out of 668 companies for EPS without NRI. This puts NewLake Capital Partners in the upper half of its industry. The industry median EPS without NRI is 0.95. NewLake Capital Partners' value of $1.24 is 30.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a REITs company?
The median EPS without NRI among REITs companies is 0.95, based on 668 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NewLake Capital Partners's current EPS without NRI of $1.24 is 30.5% above 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on NewLake Capital Partners and its competitors. For the REITs industry, the median EPS without NRI is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewLake Capital Partners's current EPS without NRI is $1.24. 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 EPS without NRI is $1.24 and 30.5% above the REITs industry median of 0.95. 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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For NewLake Capital Partners (NLCP), the current EPS without NRI is $1.24 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:
EPS without NRI: $1.24
GF Value™: $14.85 vs. price of $15.63 (5.3% above fair value)
Industry Position: 30.5% above the REITs median (#236 of 668)
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
Get the complete analysis for NLCP
EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NLCP has been successfully added to your 
