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NewLake Capital PartnersNLCP +0.29%83 Return-on-Tangible-Equity is 6.23% as of Mar. 2026, which is 6% above its 10-year median of 5.86. GuruFocus rates NLCP with a GF Scoreâ„¢ of 83/100 and a GF Valueâ„¢ of $14.85 (Fairly Valued). The stock has 7 warning signs investors should review. Among 921 REITs companies, NewLake Capital Partners ranks better than 55.48% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. NewLake Capital Partners's annualized net income for the quarter that ended in Mar. 2026 was $23.10 Mil. NewLake Capital Partners's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $370.98 Mil. Therefore, NewLake Capital Partners's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.23%.
The historical rank and industry rank for NewLake Capital Partners's Return-on-Tangible-Equity or its related term are showing as below:
NLCP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.92 Med: 5.86 Max: 7.01
Current: 6.9
During the past 6 years, NewLake Capital Partners's highest Return-on-Tangible-Equity was 7.01%. The lowest was -7.92%. And the median was 5.86%.
NLCP's Return-on-Tangible-Equity is ranked better than 55.48% of 921
companies
in the REITs industry
Industry Median: 6.3
vs NLCP: 6.90
NewLake Capital Partners (OTCPK:NLCP) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
NewLake Capital Partners Return-on-Tangible-Equity Related Terms
NewLake Capital Partners Return-on-Tangible-Equity Historical Data
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The historical data trend for NewLake Capital Partners's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart
NLCP vs LAND, FPI, SELF: Return-on-Tangible-Equity Comparison
For the REIT - Specialty subindustry, NewLake Capital Partners's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, NewLake Capital Partners's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NewLake Capital Partners's Return-on-Tangible-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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.23% mean?
NewLake Capital Partners (NLCP) has a Return-on-Tangible-Equity of 6.23% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on NewLake Capital Partners and its competitors. This is near median its historical median of 5.86. According to the industry distribution chart, NewLake Capital Partners ranks #410 out of 921 companies in the REITs industry, placing it in the top 44.5%.
Is NewLake Capital Partners' Return-on-Tangible-Equity too high?
NewLake Capital Partners' current Return-on-Tangible-Equity of 6.23% is near median its 10-year median of 5.86. The REITs industry median Return-on-Tangible-Equity is 6.30. NewLake Capital Partners' value of 6.23% is 1.1% below this industry median. Based on the distribution chart, NewLake Capital Partners ranks #410 out of 921 companies in the REITs industry, which is above the industry midpoint. Overall, NewLake Capital Partners has a GF Scoreâ„¢ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NewLake Capital Partners' Return-on-Tangible-Equity compare to LAND and FPI?
According to the REITs industry distribution chart, NewLake Capital Partners ranks #410 out of 921 companies for Return-on-Tangible-Equity. This puts NewLake Capital Partners in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.30. NewLake Capital Partners' value of 6.23% is 1.1% below this benchmark. While the company's 10-year median is 5.86 vs. the industry median of 6.30, 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.30, based on 921 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NewLake Capital Partners's current Return-on-Tangible-Equity of 6.23% is 1.1% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on NewLake Capital Partners and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewLake Capital Partners's current Return-on-Tangible-Equity is 6.23%, which is near median its own 10-year median of 5.86. 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 $15.75 — trading 6% above its estimated fair value. The current Return-on-Tangible-Equity is 6.23%, which is near median its 10-year median of 5.86 and 1.1% below the REITs industry median of 6.30. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For NewLake Capital Partners (NLCP), the current Return-on-Tangible-Equity is 6.23% 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 $15.75 is trading 6% above its estimated GF Value™ of $14.85.
GuruFocus considers NewLake Capital Partners to be Fairly Valued.
Key valuation signals for NLCP:
Return-on-Tangible-Equity: 6.23% (near median its 10-year median of 5.86)
GF Value™: $14.85 vs. price of $15.75 (6% above fair value)
Industry Position: 1.1% below the REITs median (#410 of 921)
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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