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| Date | Value |
|---|---|
| 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 |