On this page of Benford's Law Stocks.com we present our study of NewLake Capital Partners Inc. — ticker symbol NLCP. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 9/9/2021 to 3/5/2026 for NewLake Capital Partners Inc. under CIK number 0001854964. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for NLCP, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for NewLake Capital Partners Inc. based on the past NLCP filings our system processed in the past.
Benford Chart for NLCP 10K Filed 3/5/2026
31.2
19.7
10.0
12.4
7.8
4.4
5.8
4.2
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, NLCP stockholder letter ]
Total numbers found: 882
Recent share count: NA

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
882
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for NLCP = 76
76

Starting from a possible score of 100, we made the following score deductions:
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted point (includes the impact of penalty multiplier) upon observing the 4's percentage was above the company's typical historical range.
 • We deducted point upon observing the 6's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 6's percentage was below the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
NLCP's Score Vs. Typical Stock
Benford's Law Stocks Indicator
NLCP
Normal-to-low score compared to other filers, falling within the bottom of the middle 50%.
Other Stocks Ranking Near NLCP
Check our work! We provide our NewLake Capital Partners Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the NLCP filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 275 numbers that start with the digit 1. Here they are:
15,710
17,794
116
1,481
1,911
1,307
1,515
1,013
100,000,000
15,520
14,713
1,424
1,506
1,929
1,733
1.28
1.27
1.28
1.27
13,537
1,450
1,066
1,066
19
19
1,331
1,674
1,674
1,066
1,674
15,520
14,713
1,210
124
14
112
15,145
1,490
19,135
173
1,000
19
13
199
12
1,710
10,161
1,634
111
1,486
1,082
162
1,053
1,215
155
1,060
10,560
11,361
1,579
108
1,961
1,136
12,690
13,826
11,265
1,919
1,849
16,754
146
182
184
10,778
1,128
1,734
190
1,544
1,395
1,951
1,041
1,918
1,696
1,904
18,236
1,701
1,619
1,269
1,550
115
1,435
1,271
1,315
187
1,128
1,061
1,002
12,577
13,579
1,328
12,251
12,315
15,278
1,458
13,820
12
1,436
10,161
1,370
1,002
12,577
13,579
12,626
12,315
15,278
1,024
14,254
1,180
1,486
1,082
162
1,053
1,215
123
1,092
10,560
11,361
1,250
10,111
108
1,136
12,690
13,826
11,804
184
1,024
130
1,128
1,734
150
1,584
1,395
179
1,995
1,041
1,918
176
1,742
1,966
1,919
1,909
18,236
17,837
1,701
1,722
1,269
1,550
1,471
1,271
1,315
150
1,165
1,061
1.1
1,735
12.0
11,043
15,145
11,043
1,969
1,969
1,969
1,969
1,790
15,710
13.5
12.7
11
13
12
10
10
14
1
14
1
11
1
11
1
1
1
19
18
18
11
12
10
11
117.9
110.0
130
13
117
10.25
1.0225
10.96
10.72
116
100.0
1.0
1.7
1.8
15,198
1,450
1,331
1,837,680
1,796,909
13,146
145,266
136,511
16.39
13.92
15.54
17.47
14,828
15.88
15.19
17.21
14.13
15.34
16.39
17.62
17.21
14.13
16.77
18.05
14.76
18.05
17.98
17.62
102.8
150.5
134.3
154,087
16.98
103,000
17.18
12.79
17.30
11.23
13.73
106,008
14.03
154,087
16.98
15,780
13,236
144.8
198.9
13,537
13,493
15,518
11.23
17.30
12.79
100,000,000
10.0
1.72
1.70
10,848
1.28
1.27
1.28
1.27
111,539
116
We found 174 numbers that start with the digit 2. Here they are:
233,959,142
20,576,836
22,903
22,891
23,937
20,213
26,141
27,564
20,552,632
20,514,583
205
205
239
23,831
22,866
27,251
26,794
211
26,769
26,583
26,318
26,115
20,617,807
20,564,179
20,991,540
20,963,532
20,514,583
205
23,062
253
253
296
296
26,318
26,769
20,552,632
205
20,503,520
205
251
251
20
20
26,115
26,583
20,514,583
205
26,769
26,583
269
269
233
208
251
253
29,844
20,213
25,843
23,937
20,213
26
251
200
28,069
29,017
2,066
26,951
28,520
2,692
2,212
2,320
2,561
238
2,157
204
20,897
21,101
276
2,746
2,930
2,490
281
2,863
2,174
223
2,788
2,830
20
222
216
2,010
2,226
21,810
21,201
2,112
281
2,963
22,903
2,963
28,069
29,017
27,837
2,433
29,580
2,692
2,212
2,320
289
2,031
2,022
276
2,746
2,930
2,582
281
2,956
2,174
2,788
2,942
216
2,010
2,226
260
238
2,157
248
21,810
21,764
204
20,897
21,101
2,112
281
22,891
2.0
285
2.0
2.0
2.0
2
24
23
2
26
26
20
2
2
273
253
2,275,727
22.05
23,062
24.00
24.00
29,016
29,016
214
276.0
29,016
24.00
24.00
20,552,632
20,514,583
2.0
26,318
26,115
26,769
26,583
20,617,807
20,564,179
25,222
20,991,540
20,963,532
We found 88 numbers that start with the digit 3. Here they are:
369,970
386,734
324
387,941
396,765
394,688
379
3,768
34
357
354
35,345
35,345
355
355
394,688
34,870
34,870
34
3
398
329
306
3
3,993
352
35,328
34,250
314
37,247
3,724
303
34
395
30,527
32,013
3,493
3,774
3,361
359
308
354
388
3,072
3,353
3,362
322
3,574
36,707
37,372
369,970
32
395
321
30,527
32,013
3,774
327
3,447
348
388
3,072
3,353
397
3,362
3,574
3,264
390
38,581
38,441
386,734
3,993
3,993
375
375
3
361,229
34
32
3
30.0
30.0
357,442
372,640
36,852
358,983
373,314
3,902
4's 5's 6's
We found 109 numbers that start with the digit 4. Here they are:
404,983
408,552
427,886
431,443
44,709
4,802
4,929
4,884
420,829
431,536
402
400,000,000
447,185
446,627
403,972
420,829
431,536
49,537
48,926
4,675
45
482
451
468
446,627
403,972
451
447,185
445,289
40,909
411,957
403
403
468
446,627
403,972
45
446
42,461
43,349
442
481
413
4,347
42,107
494
4
440
490
411
493
44
43,209
44,270
41,934
42,860
404,983
427,886
481
4,653
4,974
4,906
43,555
420
46
411
44
41,934
42,860
4,279
43,209
44,270
408,552
431,443
44,709
4.0
4.8
4,588
470.7
47,538
48,777
45
4.75
451
468
40,327
45,161
4,970
40,327
45,161
4,970
42,548
42,548
42,548
400,000,000
43
43
43
43
41
43
43
43
451
468
4,929
4,884
4,931
4
We found 69 numbers that start with the digit 5. Here they are:
57,916
59,449
50,067
545
533
51,071
50,131
51
522
565
50,067
551
551
59,449
50,067
51
5
522
5,630
556
534
50,456
50,732
500
525
594
507
574
532
5,488
57,916
534
50,456
50,732
525
594
525
574
5,829
500
50,036
51,328
51,636
5
5
5
5
5.3
50
50
5.65
52
5.0
5.0
5.0
5.65
5.65
55,233
50,577
54,688
56,522
5,435
52,737
5,435
522
522
50.0
5,031
5.0
We found 39 numbers that start with the digit 6. Here they are:
6,728
684
6,747
672
615
615
6,747
634
634
621
623
6,600
6
65,205
69
606
609
68
67,433
69
69
65
606
6,044
6.3
610,544
6
68,258
63,582
68,336
68,258
68,253
68,253
6
6
6
602,392
602,392
602,392
7's 8's 9's
We found 51 numbers that start with the digit 7. Here they are:
71
7,600
7,600
7,207
7,121
7,914
7,207
7,372
7,207
711
75
705
785
75,595
75,983
779
70
7,563
7,177
75,595
75,983
779
79
705
705
750
786.0
7
7
7
72.0
7.75
78
71
7.75
7.6
740
76,930
7,482
7,482
78,262
75,722
791,790
791,790
76,992
791,790
7,600
7,565
7,600
7,472
71
We found 37 numbers that start with the digit 8. Here they are:
8,117
811
839
8,790
84
84
84
85
8,081
8,527
818
801
8,625
809
87
880
877
836
8,355
8,791
801
8,550
894
877
8,826
8
8
85.0
85.3
82.4
8,588
8,790
8,588
83.0
8
8.2
817
We found 40 numbers that start with the digit 9. Here they are:
9,169
9,246
989
942
957
9,169
9,246
950
986
9,310
9,791
952
9,209
929
948
9,782
991
987
950
930
926
929
93
9,310
9,791
952
9,209
953
948
959
926
950
950
981
9
9
913.5
90.0
942
9
While the above NLCP 10K Filed 3/5/2026 is interesting in isolation, we have found that it is also useful to take a look at older NewLake Capital Partners Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10K Filed 3/5/2026 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical NLCP 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10K Filed 3/5/2026
31.2
19.7
10.0
12.4
7.8
4.4
5.8
4.2
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL? ✓  [ original filing ]
Total numbers found: 882

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 5/8/2025
32.6
17.5
11.4
11.7
5.9
6.6
5.8
4.3
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL? ✓  [ original filing ]
Total numbers found: 656

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 8/8/2024
33.1
20.8
10.1
10.1
6.1
5.2
7.1
3.8
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 840

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 8/9/2023
31.1
21.0
10.3
10.7
7.8
5.8
5.5
3.6
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 805

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 11/9/2022
30.4
22.3
9.0
10.1
6.2
5.8
6.7
5.8
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL? ✓  [ original filing ]
Total numbers found: 793

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10K Filed 3/17/2022
31.6
21.3
10.2
11.3
5.2
7.0
6.7
4.5
2.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 629

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 11/5/2025
30.9
19.0
11.3
11.4
6.2
6.0
5.5
4.5
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ✓  [ original filing ]
Total numbers found: 867

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10K Filed 3/6/2025
32.6
20.7
10.2
12.0
7.1
3.6
5.1
3.6
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL? ✓  [ original filing ]
Total numbers found: 869

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 5/9/2024
31.4
18.5
12.9
10.3
7.2
5.7
5.4
4.8
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL? ✓  [ original filing ]
Total numbers found: 649

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 5/10/2023
29.3
19.8
10.9
11.1
9.5
5.4
5.9
3.6
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL? ✓  [ original filing ]
Total numbers found: 631

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 8/10/2022
29.3
20.8
12.3
13.0
3.7
7.4
5.9
4.3
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL? ✓  [ original filing ]
Total numbers found: 624

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 11/12/2021
33.0
19.8
10.6
10.0
6.0
6.0
7.6
4.4
2.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL? ✓  [ original filing ]
Total numbers found: 682

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 8/6/2025
31.3
19.4
10.4
10.6
6.1
5.8
7.5
4.0
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL? ✓  [ original filing ]
Total numbers found: 850

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 11/13/2024
31.8
19.9
11.0
10.3
5.6
5.8
5.8
4.5
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ✓  [ original filing ]
Total numbers found: 851

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 11/9/2023
31.4
20.7
11.4
9.0
7.3
5.1
6.4
4.1
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 810

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10K Filed 3/9/2023
30.8
22.3
11.1
9.3
6.9
5.4
4.8
4.6
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 889

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 5/12/2022
28.6
24.5
8.9
13.9
4.8
6.5
6.0
3.1
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 59
XBRL? ✓  [ original filing ]
Total numbers found: 416

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
10Q Filed 9/9/2021
31.0
18.5
13.4
10.4
6.1
6.6
6.6
4.0
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 606

■ = Typical NLCP range from 9/9/2021 to 3/5/2026
EACO 10Q Filed 4/10/2026:
66
ALTS 10K Filed 4/10/2026:
80
GDC 10Q Filed 4/10/2026:
52
SCLX 10K Filed 4/10/2026:
100
CHPGU 10K Filed 4/10/2026:
61
SLP 10Q Filed 4/10/2026:
78
QNCX 10K Filed 4/10/2026:
79
SOBR 10K Filed 4/10/2026:
49
ASPI 10K Filed 4/10/2026:
100
FGI 10K Filed 4/10/2026:
96
PLCE 10K Filed 4/10/2026:
90
CMLS 10K Filed 4/10/2026:
97
KBH 10Q Filed 4/9/2026:
94
WDFC 10Q Filed 4/9/2026:
96
WS 10Q Filed 4/9/2026:
95
NEOG 10Q Filed 4/9/2026:
96
BB 10K Filed 4/9/2026:
84
IXAQU 10K Filed 4/9/2026:
86
TLYS 10K Filed 4/9/2026:
95
BEEM 10K Filed 4/9/2026:
87
RELL 10Q Filed 4/9/2026:
64
WOR 10Q Filed 4/9/2026:
55
LEN 10Q Filed 4/9/2026:
88
SMPL 10Q Filed 4/9/2026:
90
BYRN 10Q Filed 4/9/2026:
52
NTIC 10Q Filed 4/9/2026:
67
RGP 10Q Filed 4/8/2026:
97
BYND 10K Filed 4/8/2026:
97
ALCYU 10K Filed 4/8/2026:
53
FC 10Q Filed 4/8/2026:
89
APLD 10Q Filed 4/8/2026:
84
DAL 10Q Filed 4/8/2026:
95
AEHR 10Q Filed 4/8/2026:
82
PSMT 10Q Filed 4/8/2026:
100
PCYO 10Q Filed 4/8/2026:
87
GAME 10K Filed 4/8/2026:
91
PPSI 10K Filed 4/8/2026:
82
HSPTU 10K Filed 4/8/2026:
66
BBGI 10K Filed 4/8/2026:
94
VIRC 10K Filed 4/8/2026:
84
 

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