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NewLake Capital PartnersNLCP 83 Piotroski F-Score is 7 as of Jul. 31, 2026, which is at its 10-year median of 7.00. 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 873 REITs companies, NewLake Capital Partners ranks better than 92.67% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NewLake Capital Partners has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for NewLake Capital Partners's Piotroski F-Score or its related term are showing as below:
NLCP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 7
During the past 6 years, the highest Piotroski F-Score of NewLake Capital Partners was 8. The lowest was 5. And the median was 7.
NewLake Capital Partners (OTCPK:NLCP) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
NewLake Capital Partners Piotroski F-Score Related Terms
NewLake Capital Partners Piotroski F-Score 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: Piotroski F-Score Comparison
For the REIT - Specialty subindustry, NewLake Capital Partners's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, NewLake Capital Partners's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where NewLake Capital Partners's Piotroski F-Score 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
NewLake Capital Partners's current Net Income (TTM) was 25.80.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
NewLake Capital Partners's current Cash Flow from Operations (TTM) was 42.69.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
NewLake Capital Partners's return on assets of this year was 0.06033531. NewLake Capital Partners's return on assets of last year was 0.05897483.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
NewLake Capital Partners's gearing of this year was 0. NewLake Capital Partners's gearing of last year was 0.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
NewLake Capital Partners's current ratio of this year was 1.33266394. NewLake Capital Partners's current ratio of last year was 0.94258718.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
NewLake Capital Partners's number of shares in issue this year was 21.019. NewLake Capital Partners's number of shares in issue last year was 20.974.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
NewLake Capital Partners's gross margin of this year was 0.9774571. NewLake Capital Partners's gross margin of last year was 0.98340265.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
NewLake Capital Partners's asset turnover of this year was 0.11734699. NewLake Capital Partners's asset turnover of last year was 0.11713001.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NewLake Capital Partners has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
NewLake Capital Partners (NLCP) has a Piotroski F-Score of 7 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NewLake Capital Partners and its competitors. This is near median its historical median of 7.00. Over the past decade, NewLake Capital Partners' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, NewLake Capital Partners ranks #64 out of 873 companies in the REITs industry, placing it in the top 7.3%.
Is NewLake Capital Partners' Piotroski F-Score too high?
NewLake Capital Partners' current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The REITs industry median Piotroski F-Score is 6.00. NewLake Capital Partners' value of 7 is 16.7% above this industry median. Based on the distribution chart, NewLake Capital Partners ranks #64 out of 873 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' Piotroski F-Score compare to LAND and FPI?
According to the REITs industry distribution chart, NewLake Capital Partners ranks #64 out of 873 companies for Piotroski F-Score. This places NewLake Capital Partners in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. NewLake Capital Partners' value of 7 is 16.7% above this benchmark. Historically, NewLake Capital Partners' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, NewLake Capital Partners has consistently been above 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 Piotroski F-Score for a REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 873 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NewLake Capital Partners's current Piotroski F-Score of 7 is 16.7% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NewLake Capital Partners and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewLake Capital Partners's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. 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 Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the REITs industry median of 6.00. 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 Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For NewLake Capital Partners (NLCP), the current Piotroski F-Score is 7 as of Jul. 31, 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:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: $14.85 vs. price of $15.70 (5.7% above fair value)
Industry Position: 16.7% above the REITs median (#64 of 873)
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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