NewLake Capital Partners (NLCP) Operating Income (2020 - 2026)
NewLake Capital Partners (NLCP) reported Operating Income of $4.34 million for Q3 2026, down 37.3% from $6.92 million a year earlier and down 29.3% from the prior quarter.
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Analysis
NewLake Capital Partners (NLCP) Operating Income (2020 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, NewLake Capital Partners' Operating Income came in at $22.77 million, down 16.3% year-over-year; for FY2025, it came in at $27.25 million, up 1.7% from FY2024.
- Operating Income has increased for four consecutive years.
- By year, Operating Income came in at $26.79 million in FY2024 (+8.7%), $24.66 million in FY2023 (+9.5%), $22.52 million in FY2022 (+95.9%) and $11.5 million in FY2021.
- The Q3 2026 figure ranks as the lowest quarterly Operating Income since Q2 2022.
- Year over year, Operating Income has now declined in each of the last three quarters, with an average decline of 8.5% over the last eight quarters.
- The high point for year-over-year Operating Income in five years was Q1 2022 (growth of 232.9%); the low point was Q3 2026 (a decline of 37.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $6.14 million (Q2 2026), $6.01 million (Q1 2026) and $6.28 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 530.61 Mn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 1.04 Bn |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 804.45 Mn |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | 316.96 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 723.47 Mn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 94.33 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 391.87 Mn |
| 10 | NewLake Capital Partners | 285.04 Mn | 199.27 Mn | - | 4.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.34 Mn |
| Jun 30, 2026 | 6.14 Mn |
| Mar 31, 2026 | 6.01 Mn |
| Dec 31, 2025 | 6.28 Mn |
| Sep 30, 2025 | 6.92 Mn |
| Jun 30, 2025 | 7.56 Mn |
| Mar 31, 2025 | 6.49 Mn |
| Dec 31, 2024 | 6.22 Mn |
| Sep 30, 2024 | 6.64 Mn |
| Jun 30, 2024 | 6.97 Mn |
| Mar 31, 2024 | 6.98 Mn |
| Dec 31, 2023 | 7.04 Mn |
| Sep 30, 2023 | 5.98 Mn |
| Jun 30, 2023 | 5.79 Mn |
| Mar 31, 2023 | 5.84 Mn |
| Dec 31, 2022 | 6.91 Mn |
| Sep 30, 2022 | 6.71 Mn |
| Jun 30, 2022 | 3.79 Mn |
| Mar 31, 2022 | 5.11 Mn |
| Dec 31, 2021 | 4.40 Mn |
API Access
NewLake Capital Partners Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=NLCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "NLCP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=NLCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();