Overview
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- TickerNLCP on OTC2
- IndustryReal Estate Investment Trusts2
- HeadquartersNew Canaan, United States2
- Incorporated inMD3
- Business address50 Locust Avenue, New Canaan, Ct 068403
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
- Legal formStock Corporation2
- LEI549300SW6G33FGNP23382
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o THE CORPORATION TRUST INCORPORATED 2405 YORK ROAD SUITE 201, 21093 Lutherville, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D198293402
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NewLake Capital Partners, Inc., (the “Company” “we,” “our,” “us,”), a Maryland corporation, was formed on April 9, 2019 under the Maryland General Corporation Law, as GreenAcreage Real Estate Corp. (“GARE”) and subsequently changed our name to NewLake Capital Partners, Inc. We are 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. We elected to be taxed as a REIT beginning with our short taxable year ended December 31, 2019 and intend to continue to operate our business so as to continue to qualify as a REIT.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs48¢$24.8M
- Profit52¢$26.3M
Out of $51.1M in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Dividends paid83¢$35.3M
- Kept or used elsewhere17¢$7.1M
Out of $42.5M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Rental Income | $49.5M | $48.9M |
| Interest Income from Loans | $545.0K | $533.0K |
| Fees and Reimbursables | $989.0K | $672.0K |
| Total Revenue | $51.1M | $50.1M |
| Reimbursable Property Expenses | $811.0K | $239.0K |
| Property Carrying Costs | $379.0K | $0 |
| Depreciation and Amortization Expense | $15.5M | $14.7M |
| Compensation Expense | $3.8M | $4.7M |
| Professional Fees | $1.4M | $1.5M |
| Other General and Administrative Expenses | $1.9M | $1.7M |
| Total General and Administrative Expenses | $7.1M | $7.9M |
| Total Expenses | $23.8M | $22.9M |
| Loss on Sale of Real Estate | -$34.0K | $0 |
| Provision for Current Expected Credit Loss | $45.0K | $51.0K |
| Impairment Loss on Warrants | $0 | -$522.0K |
| Income From Operations | $27.3M | $26.8M |
| Other Income | $357.0K | $354.0K |
| Interest Expense | -$839.0K | -$565.0K |
| Total Other Income (Expense) | -$482.0K | -$211.0K |
| Net Income | $26.8M | $26.6M |
| Net Income Attributable to Noncontrolling Interests | -$451.0K | -$468.0K |
| Net Income Attributable to Common Stockholders | $26.3M | $26.1M |
| Net income attributable to common stockholders per share - basic (in dollars per share) | $1.28 | $1.27 |
| Net income attributable to common stockholders per share - diluted (in dollars per share) | $1.28 | $1.27 |
| Weighted average shares of common stock outstanding - basic (in shares) | 20.6M shares | 20.6M shares |
| Weighted average shares of common stock outstanding - diluted (in shares) | 21.0M shares | 21.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Land | $22.9M | $22.9M | ||
| Building and Improvements | $405.0M | $408.6M | ||
| Total Real Estate | $427.9M | $431.4M | ||
| Less Accumulated Depreciation | -$57.9M | -$44.7M | ||
| Net Real Estate | $370.0M | $386.7M | ||
| Real Estate Held for Sale | $4.8M | $4.8M | $0 | |
| Cash and Cash Equivalents | $23.9M | $20.2M | ||
| In-Place Lease Intangible Assets, net | $15.7M | $17.8M | ||
| Loan Receivable, net (Current Expected Credit Loss of $71 and $116, respectively) | $4.9M | $4.9M | ||
| Other Assets | $1.5M | $1.9M | ||
| Total Assets | $420.8M | $431.5M | ||
| Accounts Payable and Accrued Expenses | $1.3M | $1.5M | ||
| Revolving Credit Facility | $7.6M | $7.6M | ||
| Dividends and Distributions Payable | $9.2M | $9.2M | ||
| Security Deposits | $6.7M | $8.1M | ||
| Rent Received in Advance | $1.0M | $684.0K | ||
| Other Liabilities | $324.0K | $402.0K | ||
| Total Liabilities | $26.1M | $27.6M | ||
| Preferred Stock, $0.01 Par Value, 100,000,000 Shares Authorized, 0 Shares Issued and Outstanding, respectively | $0 | $0 | ||
| Common Stock, $0.01 Par Value, 400,000,000 Shares Authorized, 20,552,632 and 20,514,583 Shares Issued and Outstanding, respectively | $205.0K | $205.0K | ||
| Additional Paid-In Capital | $447.2M | $446.6M | ||
| Accumulated Deficit | -$59.4M | -$50.1M | ||
| Total Stockholders' Equity | $387.9M | $396.8M | ||
| Noncontrolling Interests | $6.7M | $7.2M | ||
| Total Equity | $394.7M | $404.0M | $412.0M | |
| Total Liabilities and Equity | $420.8M | $431.5M | ||
| Allowance for credit losses | $71.0K | $116.0K | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 20.6M shares | 20.5M shares | ||
| Common stock, shares outstanding (in shares) | 20.6M shares | 20.5M shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Land | $22.9M | $22.9M | ||
| Building and Improvements | $405.0M | $408.6M | ||
| Total Real Estate | $427.9M | $431.4M | ||
| Less Accumulated Depreciation | -$57.9M | -$44.7M | ||
| Net Real Estate | $370.0M | $386.7M | ||
| Real Estate Held for Sale | $4.8M | $4.8M | $0 | |
| Cash and Cash Equivalents | $23.9M | $20.2M | ||
| In-Place Lease Intangible Assets, net | $15.7M | $17.8M | ||
| Loan Receivable, net (Current Expected Credit Loss of $71 and $116, respectively) | $4.9M | $4.9M | ||
| Other Assets | $1.5M | $1.9M | ||
| Total Assets | $420.8M | $431.5M | ||
| Accounts Payable and Accrued Expenses | $1.3M | $1.5M | ||
| Revolving Credit Facility | $7.6M | $7.6M | ||
| Dividends and Distributions Payable | $9.2M | $9.2M | ||
| Security Deposits | $6.7M | $8.1M | ||
| Rent Received in Advance | $1.0M | $684.0K | ||
| Other Liabilities | $324.0K | $402.0K | ||
| Total Liabilities | $26.1M | $27.6M | ||
| Preferred Stock, $0.01 Par Value, 100,000,000 Shares Authorized, 0 Shares Issued and Outstanding, respectively | $0 | $0 | ||
| Common Stock, $0.01 Par Value, 400,000,000 Shares Authorized, 20,552,632 and 20,514,583 Shares Issued and Outstanding, respectively | $205.0K | $205.0K | ||
| Additional Paid-In Capital | $447.2M | $446.6M | ||
| Accumulated Deficit | -$59.4M | -$50.1M | ||
| Total Stockholders' Equity | $387.9M | $396.8M | ||
| Noncontrolling Interests | $6.7M | $7.2M | ||
| Total Equity | $394.7M | $404.0M | $412.0M | |
| Total Liabilities and Equity | $420.8M | $431.5M | ||
| Allowance for credit losses | $71.0K | $116.0K | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 20.6M shares | 20.5M shares | ||
| Common stock, shares outstanding (in shares) | 20.6M shares | 20.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income | $26.8M | $26.6M |
| Stock-Based Compensation | $1.1M | $1.7M |
| Loss on Sale of Real Estate | $34.0K | $0 |
| Depreciation and Amortization Expense | $15.5M | $14.7M |
| Amortization of Debt Issuance Costs | $269.0K | $269.0K |
| Provision for Credit Loss | -$45.0K | -$51.0K |
| Straight-Line Rent Expense | -$5.0K | -$3.0K |
| Application of Rent Escrow | -$446.0K | -$1.2M |
| Application of Security Deposit | -$957.0K | $0 |
| Impairment Loss on Warrants | $0 | $522.0K |
| Write-off of Deferred Offering Costs | $233.0K | $0 |
| Other Assets | $0 | $124.0K |
| Accounts Payable and Accrued Expenses | -$208.0K | $398.0K |
| Security Deposits | $14.0K | $711.0K |
| Rent Received in Advance | $329.0K | -$306.0K |
| Other Liabilities | -$112.0K | -$75.0K |
| Net Cash Provided by Operating Activities | $42.5M | $43.3M |
| Refund of Capitalized Acquisition Closing Costs | $0 | $3.0K |
| Funding of Improvement Allowances | -$705.0K | -$15.1M |
| Acquisition of Real Estate | -$785.0K | -$4.0M |
| Net Cash Used in Investing Activities | -$1.5M | -$19.1M |
| Tax Withholdings in Lieu of Issuance of Common Stock | -$352.0K | -$84.0K |
| Performance Stock Units Settled in Cash | -$251.0K | $0 |
| Common Stock Dividends Paid | -$35.3M | -$34.2M |
| Restricted Stock Units and Performance Stock Units Dividends Paid | -$442.0K | -$173.0K |
| Distributions to LPI Unitholders | -$621.0K | -$623.0K |
| Cash Redemption of LPI Units | -$253.0K | $0 |
| Borrowings from Revolving Credit Facility | $0 | $6.6M |
| Principal Repayment on Loan Payable | $0 | -$1.0M |
| Deferred Offering Costs | $0 | -$314.0K |
| Net Cash Used in Financing Activities | -$37.2M | -$29.8M |
| Net Increase (Decrease) in Cash and Cash Equivalents | $3.7M | -$5.6M |
| Interest Paid | $556.0K | $303.0K |
| Operating Lease Liability Remeasurement for Right of Use Asset | $85.0K | $0 |
| Nonmonetary Acquisition of Real Estate | $950.0K | $0 |
| Nonmonetary Disposition of Real Estate | $986.0K | $0 |
| Conversion of LPI Units to Common Stock | $0 | $19.0K |
| Common Stock Issued in Lieu of Director Cash Compensation | $13.0K | $26.0K |
| Accrual for PSU Issuance in Cash | $0 | $251.0K |
| Accrual for Tax Withholdings in Lieu of Issuance of Common Stock | $199.0K | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
NewLake Capital Partners, Inc. sits at the top of its group. 38 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of NewLake Capital Partners, Inc.
- HG Vora Capital Management, LLC Filed SCHEDULE 13G/A on NewLake Capital Partners, Inc., latest Aug 14, 2026 (3 filings since Feb 14, 2023)
- NewLake Capital Partners, Inc. New Canaan, Connecticut, United States
- GA 2 (Uncasville CT) LLC Subsidiary · Delaware, United States
- GA 3 (Sinking Spring PA) LLC Subsidiary · Delaware, United States
- GA 5 (Sterling MA) LLC Subsidiary · Delaware, United States
- GA NA 1 (Lincoln IL) LLC Subsidiary · Delaware, United States
- GA NA 3 (Mount Dora FL) LLC Subsidiary · Delaware, United States
- NLCP 1 Oak Hill Rd MA, LLC Subsidiary · Delaware, United States
- NLCP 1036 West Dekalb Pike PA, LLC Subsidiary · Delaware, United States
- NLCP 1120 Cummins Dr MO, LLC Subsidiary · Delaware, United States
- NLCP 1150 North 21St St OH, LLC Subsidiary · Delaware, United States
- NLCP 1413 W North IL, LLC Subsidiary · Delaware, United States
- NLCP 156 Lincoln MA, LLC Subsidiary · Delaware, United States
- NLCP 1645 Crane Way NV, LLC Subsidiary · Delaware, United States
- NLCP 200 State ST OH, LLC Subsidiary · Delaware, United States
- NLCP 2229 Diehl IL, LLC Subsidiary · Illinois, United States
- NLCP 2301 16th Street Sw ND, LLC Subsidiary · Delaware, United States
- NLCP 240 W Main ST PA, LLC Subsidiary · Delaware, United States
- NLCP 2400 West US Route 6 IL, LLC Subsidiary · Delaware, United States
- NLCP 241 Park Ave CT, LLC Subsidiary · Delaware, United States
- NLCP 320 Cool Springs Rd MO, LLC Subsidiary · Delaware, United States
- NLCP 409 Baltimore Pike PA, LLC Subsidiary · Delaware, United States
- NLCP 435 Main St. OH, LLC Subsidiary · Delaware, United States
- NLCP 4645 De Soto CA, LLC Subsidiary · California, United States
- NLCP 4758 N. Milwaukee IL, LLC Subsidiary · Illinois, United States
- NLCP 500 W Misty Willow Ln AZ, LLC Subsidiary · Delaware, United States
- NLCP 502 Dixie Hwy OH, LLC Subsidiary · Delaware, United States
- and 12 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What NewLake Capital Partners, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $22.9M6 Dec 31, 2025 | $22.9M6 Dec 31, 2024 | +0.1% |
| Construction in progress | $06 Dec 31, 2025 | $2.0M6 Dec 31, 2024 | −100.0% |
| Operating-lease assets (leased space) | $117.9K6 Dec 31, 2025 | $110.0K6 Dec 31, 2024 | +7.2% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $370.0M6 Dec 31, 2025 | $386.7M6 Dec 31, 2024 | −4.3% |
| Real estate investments, at cost | $427.9M6 Dec 31, 2025 | $431.4M6 Dec 31, 2024 | −0.8% |
| Real estate accumulated depreciation | $57.9M6 Dec 31, 2025 | $44.7M6 Dec 31, 2024 | +29.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $23.9M6 Dec 31, 2025 | $20.2M6 Dec 31, 2024 | +18.4% |
| Loans, net of allowance | $4.9M6 Dec 31, 2025 | $4.9M6 Dec 31, 2024 | +0.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, net | $15.7M6 Dec 31, 2025 | $17.8M6 Dec 31, 2024 | −11.7% |
Properties, in its own words
Our Properties
We seek to acquire specialized real estate assets used for cultivation and processing of cannabis, as well as retail dispensaries that are strategic profit centers for our tenants and are well positioned for the regulatory evolution of the industry. These licensed facilities are critical components of the cannabis industry, particularly in limited-license jurisdictions. As of December 31, 2025, we owned 34 properties comprised of 19 dispensaries and 15 cultivation facilities that are primarily leased to state-licensed cannabis operators, with a weighted average remaining lease term of
The rest of Item 2
approximately 12.09 years. Based on invested capital, as of December 31, 2025, our portfolio was comprised of approximately 90.8% cultivation facilities and 9.2% dispensaries.
As of December 31, 2025, we had aggregate unfunded commitments to invest $0.4 million for the development and improvement of our existing dispensary in Ohio. We define these improvement allowances as a commitment pursuant to our lease with the tenant to fund alterations, additions or improvements to the premises. Our leases are generally structured to disburse capital over specified periods of time. The leases also generally contain certain provisions that require tenants to pay rent on the full amount of capital under each lease, whether or not disbursed.
Existing Portfolio. The table below sets forth our property portfolio as of December 31, 2025 (in thousands, except square feet):
Property Type · State · Tenant · Rentable Square Feet(1) · Investment in Real Estate(2) · Real Estate Construction in Progress · Total Real Estate · In-Place Lease Intangible Assets(3) · Total Investment
Cultivation · Florida · Curaleaf · 417,350 · 75,983 · — · 75,983 · — · 75,983
Cultivation · Illinois · Cresco Labs · 222,455 · 50,732 · — · 50,732 · — · 50,732
Cultivation · Massachusetts · Vacant · 145,852 · 42,860 · — · 42,860 · — · 42,860
Cultivation · Pennsylvania · Trulieve · 144,602 · 44,270 · — · 44,270 · 12,331 · 56,601
Cultivation · Arizona · Mint · 100,758 · 21,810 · — · 21,810 · — · 21,810
Cultivation · Pennsylvania · Calypso Enterprises · 99,200 · 32,013 · — · 32,013 · — · 32,013
Cultivation · Missouri · C3 Industries · 94,570 · 29,017 · — · 29,017 · — · 29,017
Cultivation · Missouri · CODES · 81,808 · 21,101 · — · 21,101 · — · 21,101
Cultivation · Connecticut · C3 Industries · (4) · 58,436 · 4,974 · — · 4,974 · — · 4,974
Cultivation · Nevada · Vacant · 56,536 · 13,579 · — · 13,579 · — · 13,579
Cultivation · Massachusetts · The Cannabist Company · 38,890 · 13,826 · — · 13,826 · 4,120 · 17,946
Cultivation · Massachusetts · Acreage · 38,380 · 9,791 · — · 9,791 · — · 9,791
Cultivation · Pennsylvania · Vacant · 38,031 · 15,278 · — · 15,278 · — · 15,278
Cultivation · Illinois · The Cannabist Company · 32,802 · 11,361 · — · 11,361 · 3,106 · 14,467
Cultivation · Pennsylvania · Acreage · 30,625 · 10,161 · — · 10,161 · — · 10,161
Dispensary · Connecticut · Curaleaf · 11,181 · 2,930 · — · 2,930 · 441 · 3,371
Dispensary · Massachusetts · PharmaCann · 11,116 · 2,112 · — · 2,112 · 363 · 2,475
Dispensary · Arkansas · CODES · 7,592 · 2,157 · — · 2,157 · 320 · 2,477
Dispensary · Ohio · Curaleaf · 7,200 · 3,353 · — · 3,353 · 582 · 3,935
Dispensary · Illinois · Curaleaf · 6,100 · 1,734 · — · 1,734 · 257 · 1,991
Dispensary · Ohio · Cresco Labs · 5,806 · 990 · 990 · — · 990
Dispensary · Ohio · Cresco Labs · 5,216 · 500 · — · 500 · — · 500
Dispensary · Illinois · Curaleaf · 5,040 · 3,362 · — · 3,362 · 575 · 3,937
Dispensary · Illinois · The Cannabist Company · 4,736 · 1,215 · — · 1,215 · 206 · 1,421
Dispensary · North Dakota · Curaleaf · 4,590 · 2,174 · — · 2,174 · 355 · 2,529
Dispensary · Massachusetts · The Cannabist Company · 4,290 · 2,320 · — · 2,320 · 373 · 2,693
Dispensary · Pennsylvania · Curaleaf · 4,167 · 950 · — · 950 · — · 950
Dispensary · Ohio · PharmaCann · 3,735 · 1,550 · — · 1,550 · — · 1,550
Dispensary · Pennsylvania · Curaleaf · 3,500 · 2,226 · — · 2,226 · 369 · 2,595
Dispensary · Pennsylvania · PharmaCann · 3,481 · 1,315 · — · 1,315 · 256 · 1,571
Dispensary · Connecticut · Bud'r · 2,872 · 929 · — · 929 · — · 929
Dispensary · California · The Cannabist Company · 2,470 · 3,774 · — · 3,774 · 1,071 · 4,845
Dispensary · Pennsylvania · Curaleaf · 1,968 · 1,918 · — · 1,918 · 320 · 2,238
Dispensary · Illinois · Curaleaf · 1,851 · 594 · — · 594 · 98 · 692
Total · 1,697,206 · 432,859 · — · 432,859 · 25,143 · 458,002
(1) Includes estimated rentable square feet at completion of construction.
(2) Includes the purchase price (and in some cases, transaction costs that have been capitalized into the purchase price) and building and improvement commitments funded, if any, as of December 31, 2025. Excludes building and improvement commitments not funded as of December 31, 2025.
(3) Represents gross In-Place Intangibles at acquisition. Does not include accumulated amortization.
(4) This property is classified as Real Estate Held for Sale as of December 31, 2025, in the accompanying Consolidated Balance Sheet.
The following table sets forth a summary of the lease expirations for leases in place as of December 31, 2025 for each of the ten full calendar years beginning January 1, 2026. The information set forth in the table does not assume exercise of renewal options by tenants (square footage and annualized base rent in thousands).
Year of Lease Expiration · Number of Leases Expiring · Square Footage of Leases Expiring · % of Portfolio Net Rentable Square Feet · Annualized Base Rent(1) · % of Portfolio Annualized Base Rent · Annualized Base Rent per Leased Square Foot(2)
2026 · — · — · —% · $— · —% · $—
2027 · — · — · —% · — · —% · —
2028 · — · — · —% · — · —% · —
2029 · 3 · 11,496 · 0.8% · 899 · 1.9% · 78.24
2030 · — · — · —% · — · —% · —
2031 · 2 · 14,597 · 1.0% · 421 · 0.9% · 28.83
2032 · 7 · 39,392 · 2.7% · 1,657 · 3.5% · 42.07
2033 · 2 · 9,630 · 0.7% · 600 · 1.3% · 62.29
Item 2 of the 10-K filed Mar 6, 2026.5
Leadership
Who has led NewLake Capital Partners, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerAnthony Coniglio Nov 18, 2022 to now13
- Chief executive officerDavid L. Weinstein Aug 16, 2021 to Aug 16, 202114
- PresidentAnthony Coniglio Dec 16, 2021 to now15
- Chief financial officerLisa Meyer Jun 16, 2022 to now16
Board members and other officers (10)
- OfficerAnthony Coniglio Aug 16, 2021 to Aug 16, 202117
- OfficerFredric S. Starker Aug 16, 2021 to Aug 16, 202118
- Board memberDina Rollman Dec 16, 2024 to now19
- Board memberAlan Jeffrey Carr Aug 16, 2021 to now20
- Board memberAnthony Coniglio Aug 16, 2021 to now17
- Board memberDavid L. Weinstein Aug 16, 2021 to now14
- Board memberGordon F. Dugan Aug 16, 2021 to now21
- Board memberJoyce Johnson Aug 16, 2021 to now22
- Board memberPeter A. Kadens Aug 16, 2021 to now23
- Board memberPeter Wiser Martay Aug 16, 2021 to now24
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- GA 2 (Uncasville CT) LLC Delaware4
- GA 3 (Sinking Spring PA) LLC Delaware4
- GA 5 (Sterling MA) LLC Delaware4
- GA NA 1 (Lincoln IL) LLC Delaware4
- GA NA 3 (Mount Dora FL) LLC Delaware4
- NLCP 1 Oak Hill Rd MA, LLC Delaware4
- NLCP 1036 West Dekalb Pike PA, LLC Delaware4
- NLCP 1120 Cummins Dr MO, LLC Delaware4
- NLCP 1150 North 21St St OH, LLC Delaware4
- NLCP 1413 W North IL, LLC Delaware4
- NLCP 156 Lincoln MA, LLC Delaware4
- NLCP 1645 Crane Way NV, LLC Delaware4
- NLCP 200 State ST OH, LLC Delaware4
- NLCP 2229 Diehl IL, LLC Illinois4
- NLCP 2301 16th Street Sw ND, LLC Delaware4
- NLCP 240 W Main ST PA, LLC Delaware4
- NLCP 2400 West US Route 6 IL, LLC Delaware4
- NLCP 241 Park Ave CT, LLC Delaware4
- NLCP 320 Cool Springs Rd MO, LLC Delaware4
- NLCP 409 Baltimore Pike PA, LLC Delaware4
- NLCP 435 Main St. OH, LLC Delaware4
- NLCP 4645 De Soto CA, LLC California4
- NLCP 4758 N. Milwaukee IL, LLC Illinois4
- NLCP 500 W Misty Willow Ln AZ, LLC Delaware4
All 38 listed subsidiaries
- NLCP 502 Dixie Hwy OH, LLC Delaware4
- NLCP 511 Industry PA, LLC Pennsylvania4
- NLCP 520 Shamokin Street PA LLC Pennsylvania4
- NLCP 7 Legion MA, LLC Delaware4
- NLCP 717 West Union Ave IL, LLC Delaware4
- NLCP 7303 Kanis Rd AR, LLC Delaware4
- NLCP 740 Ann St PA, LLC Delaware4
- NLCP 79 Gold Star Hwy CT, LLC Delaware4
- NLCP 910 Downing Ave PA, LLC Delaware4
- NLCP 939 Boston Turnpike MA LLC Delaware4
- NLCP 9930 West 190th St IL, LLC Delaware4
- NLCP Operating Partnership LP Delaware4
- NLCP TRS, LLC Delaware4
- NewLake Capital Partners, Inc. Maryland4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 5, 20268-K Results of operations; Regulation FD disclosure25
- Jul 15, 20268-K Executive or director change; Regulation FD disclosure26
- Jun 8, 20268-K Shareholder vote27
- May 8, 20268-K Results of operations; Regulation FD disclosure28
- Mar 5, 20268-K Results of operations; Regulation FD disclosure29
- Nov 6, 20258-K Results of operations; Regulation FD disclosure30
- Aug 6, 20258-K Results of operations; Regulation FD disclosure31
- Jun 5, 20258-K Shareholder vote32
- May 7, 20258-K Results of operations; Regulation FD disclosure33
- Apr 24, 20258-K Change of auditor34
- Mar 5, 20258-K Results of operations; Regulation FD disclosure35
- Dec 17, 20248-K Executive or director change36
- Nov 18, 2022New chief executive Anthony Coniglio becomes CEO13
- Aug 16, 2021New chief executive David L. Weinstein becomes CEO14
- Apr 9, 2019Founded NewLake Capital Partners, Inc. is founded2
Calendar
Coming up
- Around Nov 2, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Aug 5, 2026Reported quarterly or annual results25
- May 8, 2026Reported quarterly or annual results28
- Mar 5, 2026Reported quarterly or annual results29
- Nov 6, 2025Reported quarterly or annual results30
- Aug 6, 2025Reported quarterly or annual results31
- May 7, 2025Reported quarterly or annual results33
- Mar 5, 2025Reported quarterly or annual results35
- Nov 13, 2024Reported quarterly or annual results37
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
229 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 110 insider forms, 3 large holders, 49 other. The latest 20:
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 15, 20268-K EDGAR
- Jun 8, 20264 EDGAR
- Jun 8, 20264 EDGAR
- Jun 8, 20268-K EDGAR
- Jun 8, 20264 EDGAR
- Jun 8, 20264 EDGAR
- Jun 8, 20264 EDGAR
- Jun 8, 20264 EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 14, 20264 EDGAR
- May 8, 202610-Q EDGAR
- May 8, 20268-K EDGAR
- Apr 23, 2026ARS EDGAR
- Apr 23, 2026DEFA14A EDGAR
- Apr 23, 2026DEF 14A EDGAR
- Mar 12, 20264 EDGAR
- Mar 12, 20264 EDGAR
The 229 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
44 open-market trades by officers, directors and large owners since October 2021: 26 buys and 18 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 13, 2026 | Coniglio AnthonyPresident and CEO | Buy | 350 | $14.33 | $5.0K | Form 4 |
| Nov 7, 2025 | Coniglio AnthonyPresident and CEO | Buy | 500 | $13.07 | $6.5K | Form 4 |
| Sep 25, 2025 | Weinstein David L.Director | Sale | 12,633 | $14.02 | $177.1K | Form 4 |
| Aug 20, 2025 | Weinstein David L.Director | Sale | 2,388 | $13.86 | $33.1K | Form 4 |
| Aug 19, 2025 | Weinstein David L.Director | Sale | 11,612 | $14.13 | $164.1K | Form 4 |
| Aug 8, 2025 | Weinstein David L.Director | Sale | 3,620 | $13.80 | $50.0K | Form 4 |
| Mar 24, 2025 | Coniglio AnthonyPresident and CEO | Buy | 700 | $15.10 | $10.6K | Form 4 |
| Dec 18, 2024 | Weinstein David L.Director | Sale | 6,000 | $19.20 | $115.2K | Form 4 |
| Dec 17, 2024 | Weinstein David L.Director | Sale | 3,856 | $19.44 | $75.0K | Form 4 |
| Aug 22, 2024 | Weinstein David L.Director | Sale | 6,226 | $20.55 | $127.9K | Form 4 |
| Aug 22, 2024 | Weinstein David L.Director | Sale | 6,026 | $20.56 | $123.9K | Form 4 |
| Aug 16, 2024 | Weinstein David L.Director | Sale | 8,650 | $20.43 | $176.7K | Form 4 |
| Aug 15, 2024 | Weinstein David L.Director | Sale | 7,374 | $20.68 | $152.5K | Form 4 |
| Aug 14, 2024 | Weinstein David L.Director | Sale | 7,950 | $20.84 | $165.7K | Form 4 |
| Aug 13, 2024 | Weinstein David L.Director | Sale | 12,516 | $20.43 | $255.7K | Form 4 |
| Aug 12, 2024 | Weinstein David L.Director | Sale | 11,125 | $20.41 | $227.1K | Form 4 |
| Mar 28, 2024 | DUGAN GORDON FDirector | Buy | 520 | $19.12 | $9.9K | Form 4 |
| Mar 28, 2024 | Coniglio AnthonyPresident and CEO | Buy | 350 | $19.22 | $6.7K | Form 4 |
| Mar 20, 2024 | Coniglio AnthonyPresident and CEO | Buy | 100 | $18.38 | $1.8K | Form 4 |
| Mar 19, 2024 | Coniglio AnthonyPresident and CEO | Buy | 300 | $17.96 | $5.4K | Form 4 |
All 44 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- HG Vora Capital Management, LLCSCHEDULE 13G/A, 3 filings Feb 14, 2023 to Aug 14, 202638
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Anthony ConiglioPresident, Chief Executive Officer and Director | 57 | $400.0K | $1.2M39 |
| 2025 | Lisa MeyerChief Financial Officer, Treasurer, and Secretary | 61 | $350.0K | $792.5K39 |
| 2024 | Anthony ConiglioPresident, Chief Executive Officer and Director | 57 | $400.0K | $1.3M39 |
| 2024 | Lisa MeyerChief Financial Officer, Treasurer, and Secretary | 61 | $350.0K | $852.6K39 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Compass Financial Management LLC | 81,629 | $1.3M | 0.2% | New |
| Ancora Advisors LLC | 55,450 | $885.0K | 0.0% | +19,280 |
| Luminist Capital LLC | 400 | $6.4K | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How NewLake Capital Partners, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNewLake Capital Partners, Inc.1
- CIK0001854964
- Employer ID (EIN)83-44000455
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address50 Locust Avenue, New Canaan, CT 068401
- Phone203.594.14021
- Shares outstanding20,580,766 as of Aug 4, 202612
- Public float$234.0M as of Jun 30, 20255
- AuditorCBIZ CPAs P.C., New York, NY PCAOB ID 199; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceMay 12, 20211
- Filings268 in all: 4 (107), 8-K (51), 10-Q (16), 3 (10), 424B3 (10), CORRESP (8), UPLOAD (7), 144 (6)1
All 29 form types
10-K (5), D (5), DEF 14A (5), DEFA14A (5), EFFECT (5), 424B4 (4), ARS (4), S-11/A (3), 424B5 (2), POS AM (2), S-11 (2), SCHEDULE 13G/A (2), 144/A (1), 4/A (1), 8-A12G (1), DRS (1), FWP (1), S-3 (1), S-8 (1), SC 13D (1), SC 13G (1)
- Latest filingsAnnual report (10-K) Mar 6, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Apr 23, 2026
Latest 8-K (8-K) Aug 5, 2026
Risk factors and legal proceedings
Legal proceedings
As of December 31, 2025, we were not a party to any material legal proceedings. From time to time, we may in the future be a party to various claims and routine litigation arising in the ordinary course of business.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15SEC EDGARAnthony Coniglio, President
- 16SEC EDGARLisa Meyer, Chief financial officer
- 17SEC EDGARAnthony Coniglio, Officer
- 18SEC EDGARFredric S. Starker, Officer
- 19SEC EDGARDina Rollman, Board member
- 20SEC EDGARAlan Jeffrey Carr, Board member
- 21SEC EDGARGordon F. Dugan, Board member
- 22SEC EDGARJoyce Johnson, Board member
- 23SEC EDGARPeter A. Kadens, Board member
- 24SEC EDGARPeter Wiser Martay, Board member
- 25
- 26
- 27SEC EDGARShareholder vote
- 28
- 29
- 30
- 31
- 32SEC EDGARShareholder vote
- 33
- 34SEC EDGARChange of auditor
- 35
- 36SEC EDGARExecutive or director change
- 37
- 38
- 39