Stock fact sheet · data as of
NewLake Capital Partners, Inc. (NLCP): fair value, margin of safety and Wheel Score
Real Estate · REIT - Specialty · United States · High Yield Income
Is NLCP undervalued?
NewLake Capital Partners, Inc. (NLCP) closed at 13.74 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 22.13, which puts the price 38% below it. 6 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between Lynch (5.09) and Payback Time (44.04). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files NLCP under High Yield Income: a dividend yield above 4%.
Nine valuation models for NLCP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 21.55 | +57% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 22.18 | +61% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 19.76 | +44% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.09 | -63% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 7.76 | -44% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 40.38 | +194% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 44.04 | +221% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 25.31 | +84% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 13.12 | -5% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.1324 | -99% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 17.00 | +24% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
NewLake Capital Partners, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability NLCP scores 6.5/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 6.7%, ROE 6.8%, ROA 6.3% - with debt at 0.02 times equity and a free-cash-flow yield of 14.7%.
The dividend yield is high at 12.52% (payout ratio 146%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 1/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 6.7% |
|---|---|---|---|
| GLS Moat | 6.5 / 10 | ROE | 6.8% |
| Debt / equity | 0.02 | ROA | 6.3% |
| Free-cash-flow yield | 14.7% | Payout ratio | 146% |
| Institutions | 1 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: No options
No options are listed on NewLake Capital Partners, Inc. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 30k shares a day on a market cap of $283M, with a beta of 0.85; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 38% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 10 / 15 | moat 6.5/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 30k shares/day, $283M cap, beta 0.85 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026, 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Specialty
The 12 companies below are the closest to NewLake Capital Partners, Inc. by market cap within the REIT - Specialty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| LAND Gladstone Land Corporation | 9.37 | 14.74 | +36% | 45Weak | $404M |
| FPI Farmland Partners Inc. | 10.55 | 8.08 | -31% | 53Fair | $460M |
| LANDP Gladstone Land Corporation | 19.61 | 14.74 | -33% | 23No options | $709M |
| LANDO Gladstone Land Corporation | 19.73 | 14.74 | -34% | 23No options | $714M |
| UNIT Uniti Group Inc. | 5.64 | 135.70 | +96% | 66Good | $1.4B |
| SELF Global Self Storage, Inc. | 5.07 | 6.35 | +20% | 70Good | $58M |
| FRMI Fermi Inc. Common Stock | 3.40 | 0.2626 | -1193% | 25Weak | $2.2B |
| EPR EPR Properties | 55.15 | 59.80 | +8% | 64Fair | $4.2B |
| OUT Outfront Media Inc. | 29.95 | 21.40 | -40% | 55Fair | $5.3B |
| RYN Rayonier Inc. REIT | 18.65 | 22.63 | +18% | 76Good | $5.5B |
| GLPI Gaming and Leisure Properties, Inc. | 39.08 | 48.20 | +19% | 69Good | $11.4B |
| WY Weyerhaeuser Company | 18.90 | 14.36 | -32% | 55Fair | $13.6B |
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Start free See the Sunday ScanQuestions about NLCP
Is NLCP undervalued right now?
By the GLS models, yes: at 13.74 the stock is 38% below the average fair value of 22.13 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of NLCP and what does it mean?
NLCP has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for NLCP?
22.13 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does NewLake Capital Partners, Inc. report earnings next?
The next earnings report is due on 4 Nov 2026, 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does NLCP have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on NLCP, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.