NewLake Capital Q3 Revenue $12.0M; Net Income $4.2M
NewLake Capital Partners announced its third quarter 2026 financial results, reporting revenue of $12.0 million, a 4.5% decrease year-over-year, primarily due to lost rental income from properties that became available for lease. Net income attributable to common stockholders was $4.2 million ($0.20 EPS), down from $6.7 million ($0.32 EPS) in the prior year's quarter. Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO) also saw decreases. The company highlighted its debt-free balance sheet, ending the quarter with $17.9 million in cash after repaying $7.6 million in debt. Recent developments include the acquisition of two dispensary properties and an extension of the stock repurchase program's expiration date.
Key Highlights
- NewLake Capital Partners reported Q3 2026 revenue of $12.0 million, a 4.5% decrease YoY.
- Q3 2026 net income attributable to common stockholders was $4.2 million ($0.20 EPS), down from $6.7 million ($0.32 EPS) in Q3 2025.
- Funds From Operations (FFO) for Q3 2026 were $10.0 million ($0.47 EPS), down from $10.7 million ($0.51 EPS) in Q3 2025.
- Adjusted Funds From Operations (AFFO) for Q3 2026 were $10.3 million ($0.49 EPS), down from $11.0 million ($0.52 EPS) in Q3 2025.
- The company declared a Q3 dividend of $0.43 per share, with an annualized dividend of $1.72 per share.
- NewLake acquired two dispensary properties in Michigan and Kentucky for $1.3 million post-quarter.
- The company repaid $7.6 million of debt, ending the quarter with no outstanding debt and $17.9 million in cash.
Price Impact
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