NewLake Capital Partners, Inc. (NLCP)

NewLake Capital Partners Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	26.32	26.12	24.59	21.98	11.23
Depreciation & Amortization	15.52	14.71	14.27	12.83	8.1
Other Amortization	0.27	0.27	0.28	0.16	-
Gain (Loss) on Sale of Assets	0.03	-	-	0.06	-
Stock-Based Compensation	1.07	1.67	1.44	1.49	2.02
Change in Accounts Payable	-0.21	0.4	-0.54	0.26	-1.84
Change in Other Net Operating Assets	-0.1	0.76	1.68	-0.1	5.4
Other Operating Activities	-0.72	-0.22	-1.41	0.39	0.36
Operating Cash Flow	42.46	43.35	40.08	37.01	26.7
Operating Cash Flow Growth	-2.05%	8.14%	8.31%	38.62%	263.32%
Acquisition of Real Estate Assets	-0.79	-3.99	-0.35	-36.97	-56.96
Sale of Real Estate Assets	-	-	1.95	0.76	-
Net Sale / Acq. of Real Estate Assets	-0.79	-3.99	1.6	-36.21	-56.96
Cash Acquisition	-	-	-	-	62.21
Other Investing Activities	-0.71	-15.14	-14.43	-45.25	-15.16
Investing Cash Flow	-1.49	-19.14	-12.84	-86.45	-39.91
Long-Term Debt Issued	-	6.6	-	1	-
Total Debt Issued	-	6.6	-	1	-
Long-Term Debt Repaid	-	-1	-1	-1.8	-
Net Debt Issued (Repaid)	-	5.6	-1	-0.8	-
Issuance of Common Stock	-	-	-	-	133.09
Repurchase of Common Stock	-0.61	-0.08	-11.85	-0.81	-
Preferred Share Repurchases	-	-	-	-	-0.13
Common Dividends Paid	-35.33	-34.25	-33.06	-28.99	-11.67
Preferred Dividends Paid	-	-	-	-	-0
Total Dividends Paid	-35.33	-34.25	-33.06	-28.99	-11.67
Other Financing Activities	-1.31	-1.11	-0.69	-1.85	-0.6
Net Cash Flow	3.72	-5.63	-19.35	-81.91	107.48
Cash Interest Paid	0.56	0.3	0.14	0.03	-
Levered Free Cash Flow	28.25	34.58	30.66	54.4	-2.34
Unlevered Free Cash Flow	28.51	34.67	30.61	54.41	-2.34
Change in Working Capital	0.02	0.85	0.75	0.1	4.99

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.