NewLake Capital Partners

NewLake Capital Partners

Leading provider of real estate capital to state-licensed cannabis operators.

HQ location
Chicago, United States
Launch date
Employees
Market cap
$300m
Enterprise value
$288m
Share price
$14.46 NLCP
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DateInvestorsAmountRound
-investor

€0.0

round
N/A

€0.0

round
investor

€0.0

round
N/A

€0.0

round
*
N/A

$30.0m

Debt
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues0000000000000000000000000000
% growth-142 %59 %6 %6 %--
EBITDA0000000000000000000000000000
% EBITDA margin26 %70 %79 %84 %85 %85 %85 %
Profit0000000000000000000000000000
% profit margin(91 %)40 %49 %52 %52 %48 %51 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article, Equity research estimates

More about NewLake Capital Partners
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NewLake Capital Partners, Inc. is a prominent real estate investment trust (REIT) that specializes in providing real estate capital to state-licensed cannabis operators across the United States. Founded in 2019, NewLake focuses on acquiring industrial and retail properties through sale leaseback transactions, third-party purchases, and build-to-suit projects. The company operates on a national platform, offering a one-stop solution for the real estate needs of multi-state cannabis businesses. NewLake's business model is built on a triple net lease structure, where tenants are responsible for property taxes, insurance, and maintenance, ensuring a steady income stream for the company. The firm serves some of the leading operators in the U.S. state-licensed cannabis industry, making it a trusted partner for their real estate requirements. NewLake's ability to scale with clients, manage complexities across different jurisdictions, and maintain a strong capital base positions it as a reliable institutional partner. The company generates revenue primarily through leasing its acquired properties to cannabis operators, ensuring a 100% leased portfolio.

Keywords: real estate capital, cannabis operators, triple net lease, sale leaseback, build-to-suit, industrial properties, retail properties, institutional partner, national platform, high-growth industry.

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Investments by NewLake Capital Partners

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Cannabist
ACQUISITION by Cresco Labs Mar 2022
GreenAcreage Real Estate Corp
ACQUISITION by NewLake Capital Partners Mar 2021