NewLake Capital Partners (NLCP) Operating Expenses (2020 - 2026)

NewLake Capital Partners' (NLCP) quarterly Operating Expenses came in at $6.3 million in Q1 2026, down 6.29% year-on-year from $6.7 million in Q1 2025, and up 3.8% quarter-over-quarter from $6.1 million in Q4 2025.

NewLake Capital Partners (NLCP) Operating Expenses (2020 - 2026) Analysis & Trends

NewLake Capital Partners' Operating Expenses history runs 7 years deep, the most recent figure standing at $6.3 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 6.29% year-over-year to $6.3 million in Q1 2026; TTM through Mar 2026 was $23.4 million, a 2.26% decrease from a year earlier, with the FY2025 full-year figure at $23.8 million, up 4.22% from the prior year.
  • Operating Expenses grew to $6.3 million in Q1 2026 per NLCP's latest filing, from $6.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $6.7 million in Q1 2025 and bottomed at $5.0 million in Q1 2022.
  • The 5-year median for Operating Expenses is $5.6 million (2024), against an average of $5.8 million.
  • Across the five-year window, Operating Expenses jumped 76.23% in 2022 and declined 16.89% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $5.3 million in 2022, then grew by 8.86% to $5.8 million in 2023, then fell by 0.43% to $5.8 million in 2024, then rose by 4.99% to $6.1 million in 2025, then rose by 3.8% to $6.3 million in 2026.
  • Per Business Quant, the three latest NLCP Operating Expenses figures stand at $6.3 million (Q1 2026), $6.1 million (Q4 2025), and $5.7 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Equinix 102.00 Bn 98.94 Bn 1.26 Bn 1.87 Bn
2 American Tower 76.76 Bn 83.27 Bn 2.70 Bn 1.50 Bn
3 Digital Realty Trust 61.91 Bn 61.08 Bn - 1.37 Bn
4 Iron Mountain 37.06 Bn 37.09 Bn 1.05 Bn 1.54 Bn
5 Crown Castle 32.50 Bn 32.44 Bn 23.00 Mn 545.00 Mn
6 Sba Communications 18.50 Bn 18.59 Bn 532.10 Mn 360.59 Mn
7 Weyerhaeuser 17.05 Bn 16.75 Bn 318.00 Mn 120.00 Mn
8 Lamar Advertising 15.99 Bn 15.96 Bn 344.69 Mn 381.94 Mn
9 Gaming & Leisure Properties 12.58 Bn 12.98 Bn - 86.64 Mn
10 NewLake Capital Partners 322.90 Mn 304.82 Mn 11.53 Mn 6.31 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 6.31 Mn
Dec 31, 2025 6.08 Mn
Sep 30, 2025 5.68 Mn
Jun 30, 2025 5.34 Mn
Mar 31, 2025 6.73 Mn
Dec 31, 2024 5.79 Mn
Sep 30, 2024 5.93 Mn
Jun 30, 2024 5.50 Mn
Mar 31, 2024 5.65 Mn
Dec 31, 2023 5.81 Mn
Sep 30, 2023 5.51 Mn
Jun 30, 2023 5.59 Mn
Mar 31, 2023 5.57 Mn
Dec 31, 2022 5.34 Mn
Sep 30, 2022 5.37 Mn
Jun 30, 2022 6.73 Mn
Mar 31, 2022 4.99 Mn
Dec 31, 2021 4.57 Mn
Sep 30, 2021 5.29 Mn
Jun 30, 2021 3.82 Mn