NewLake Capital Partners Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	366.7	370.09	386.84	380.49	379.74	278.93
Cash & Equivalents	24.77	23.94	20.21	25.84	45.19	127.1
Other Intangible Assets	15.22	15.71	17.79	19.78	21.77	24
Loans Receivable Current	4.94	4.93	4.88	4.83	5	30
Other Current Assets	4.8	4.8	-	-	-	-
Other Long-Term Assets	1.21	1.36	1.8	2.35	2.55	0.86
Total Assets	417.63	420.83	431.54	433.29	454.25	460.88
Current Portion of Leases	0.06	0.08	-	-	-	-
Long-Term Debt	7.6	7.6	7.6	2	2.99	3.76
Long-Term Leases	0.04	0.04	-	-	-	-
Accounts Payable	1.09	1.31	1.52	1.12	1.66	1.4
Accrued Expenses	-	-	-	-	-	2.14
Other Current Liabilities	9.04	9.17	9.25	8.39	8.51	6.77
Long-Term Unearned Revenue	1.45	1.01	0.68	0.99	1.38	1.43
Other Long-Term Liabilities	6.74	6.94	8.52	8.84	8.78	6.05
Total Liabilities	26	26.14	27.56	21.34	23.31	21.55
Common Stock	0.21	0.21	0.21	0.21	0.21	0.21
Additional Paid-In Capital	447.36	447.19	446.63	445.29	455.82	450.92
Retained Earnings	-62.63	-59.45	-50.07	-40.91	-32.49	-23.57
Total Common Equity	384.94	387.94	396.77	404.59	423.55	427.56
Minority Interest	6.68	6.75	7.21	7.37	7.39	11.78
Shareholders' Equity	391.63	394.69	403.97	411.96	430.94	439.34
Total Liabilities & Equity	417.63	420.83	431.54	433.29	454.25	460.88
Total Debt	7.7	7.72	7.6	2	2.99	3.76
Net Cash (Debt)	17.07	16.22	12.61	23.84	42.21	123.34
Net Cash (Debt) Growth	39.32%	28.60%	-47.10%	-43.51%	-65.78%	528.73%
Net Cash Per Share	0.81	0.77	0.60	1.11	1.94	7.02
Filing Date Shares Outstanding	20.58	20.58	20.53	20.5	21.41	21.24
Total Common Shares Outstanding	20.58	20.55	20.51	20.5	21.41	21.24
Book Value Per Share	18.70	18.88	19.34	19.73	19.78	20.13
Tangible Book Value	369.73	372.23	378.97	384.81	401.78	403.55
Tangible Book Value Per Share	17.96	18.11	18.47	18.77	18.77	19.00
Land	22.9	22.9	22.89	21.4	21.43	15.65
Buildings	404.98	404.98	408.55	390.91	378.05	272.43