NewLake Capital Partners, Inc.

NewLake Capital Partners, Inc. held its Annual Meeting of Stockholders on June 4, 2026. During the meeting, stockholders elected seven directors to serve on the Board until the 2027 Annual Meeting. Additionally, CBIZ CPAs P.C. was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. A total of 13,653,797 shares, representing 66.3% of the eligible common stock, were present or voted by proxy.

NewLake Capital Partners reported a decrease in Q1 2026 total revenue by 6.8% to $12.309 million and net income by 8.3% to $5.874 million, with basic EPS at $0.28. Despite the decline in top-line financials, net cash provided by operating activities increased by 2.3% to $10.394 million. The company noted that tenant The Cannabist Company, which leases four properties, commenced restructuring proceedings, though NewLake collected full rent and the tenant remains current. Strategic lease modifications included a five-year extension for a San Diego property and the addition of new guarantors for two other leases.

NewLake Capital Partners reported Q1 2026 financial results with total revenue of $12.3 million and Adjusted Funds From Operations (AFFO) of $10.1 million. The company declared a quarterly dividend of $0.43 per share. While revenue and AFFO decreased year-over-year due to property vacancies, management highlighted 100% rent collection and expressed optimism regarding the recent rescheduling of medical cannabis to Schedule III, which is expected to improve tenant operating environments.