NLCP (NewLake Capital Partners) Dividend Payout Ratio: 1.54 (As of Mar. 2026) — 15% Above Median

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NewLake Capital Partners Inc NLCP

83 GF Score

Price $15.70

GF Value $14.85

Valuation Fairly Valued

7 Warning Signs

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What is NewLake Capital Partners Dividend Payout Ratio?

NewLake Capital Partners NLCP +0.13% 83 Dividend Payout Ratio is 1.54 as of Mar. 2026, which is 15% above its 10-year median of 1.34. 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 705 REITs companies, NewLake Capital Partners ranks worse than 71.77% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. NewLake Capital Partners's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.54.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of NewLake Capital Partners Inc is 1.39, which seems too high.

The historical rank and industry rank for NewLake Capital Partners's Dividend Payout Ratio or its related term are showing as below:

NLCP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.66 Med: 1.34 Max: 1.4
Current: 1.39

During the past 6 years, the highest Dividend Payout Ratio of NewLake Capital Partners was 1.40. The lowest was 0.66. And the median was 1.34.

NLCP's Dividend Payout Ratio is ranked worse than
71.77% of 705 companies
in the REITs industry
Industry Median: 0.99 vs NLCP: 1.39

As of today (2026-07-31), the Dividend Yield % of NewLake Capital Partners is 10.96%.

During the past 6 years, the highest Trailing Annual Dividend Yield of NewLake Capital Partners was 13.82%. The lowest was 0.38%. And the median was 9.78%.

NewLake Capital Partners's Dividends per Share for the months ended in Mar. 2026 was $0.43.

During the past 3 years, the average Dividends Per Share Growth Rate was 6.10% per year.

During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of NewLake Capital Partners was 58.10% per year. The lowest was 6.10% per year. And the median was 32.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

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NewLake Capital Partners (OTCPK:NLCP) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

NewLake Capital Partners Dividend Payout Ratio Related Terms

NewLake Capital Partners Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for NewLake Capital Partners's Dividend Payout Ratio 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.

NewLake Capital Partners Dividend Payout Ratio Chart

NewLake Capital Partners Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.66

1.40

1.35

1.32

1.34

NewLake Capital Partners Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.39	1.23	1.34	1.48	1.54

NLCP vs LAND, FPI, SELF: Dividend Payout Ratio Comparison

For the REIT - Specialty subindustry, NewLake Capital Partners's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, NewLake Capital Partners's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where NewLake Capital Partners's Dividend Payout Ratio falls into.

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83GF Score

NewLake Capital Partners Inc NLCP

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NewLake Capital Partners Dividend Payout Ratio Calculation

NewLake Capital Partners's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.72	/	1.281
	=	1.34

NewLake Capital Partners's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.43	/	0.28
	=	1.54

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.54 mean?

NewLake Capital Partners (NLCP) has a Dividend Payout Ratio of 1.54 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on NewLake Capital Partners and its competitors. This is 15% above median its historical median of 1.34. Over the past decade, NewLake Capital Partners' Dividend Payout Ratio has ranged from 0.66 to 1.40. According to the industry distribution chart, NewLake Capital Partners ranks #506 out of 705 companies in the REITs industry, placing it in the top 71.8%.

Is NewLake Capital Partners' Dividend Payout Ratio too high?

NewLake Capital Partners' current Dividend Payout Ratio of 1.54 is 15% above median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.40. The REITs industry median Dividend Payout Ratio is 0.99. NewLake Capital Partners' value of 1.54 is 55.6% above this industry median. Based on the distribution chart, NewLake Capital Partners ranks #506 out of 705 companies in the REITs industry, which is below 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' Dividend Payout Ratio compare to LAND and FPI?

According to the REITs industry distribution chart, NewLake Capital Partners ranks #506 out of 705 companies for Dividend Payout Ratio. This places NewLake Capital Partners in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. NewLake Capital Partners' value of 1.54 is 55.6% above this benchmark. Historically, NewLake Capital Partners' own Dividend Payout Ratio has ranged from 0.66 to 1.40 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 0.99, 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 705 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NewLake Capital Partners's current Dividend Payout Ratio of 1.54 is 55.6% 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on NewLake Capital Partners and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewLake Capital Partners's current Dividend Payout Ratio is 1.54, which is 15% above median its own 10-year median of 1.34. 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 Dividend Payout Ratio is 1.54, which is 15% above median its 10-year median of 1.34 and 55.6% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For NewLake Capital Partners (NLCP), the current Dividend Payout Ratio is 1.54 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:

Dividend Payout Ratio: 1.54 (15% above median its 10-year median of 1.34)
GF Value™: $14.85 vs. price of $15.70 (5.7% above fair value)
GF Score™: 83/100 with 7 warning signs
Industry Position: 55.6% above the REITs median (#506 of 705)

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.

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NewLake Capital Partners Business Description

Industry Real Estate REITs

Comparable Companies LAND FPI SELF PW EQIX AMT DLR IRM CCI SBAC WY LAMR GLPI RYN OUT EPR FRMI MEX:EDUCA18 XBRU:SHUR UNIT

Address 50 Locust Avenue, First Floor, New Canaan, CT, USA, 06840

Website https://www.newlake.com

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

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.70

Price

$14.85

GF Value

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