NewLake Capital Partners, Inc.

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.

NewLake Capital Partners reported a decline in its second quarter 2026 financial results, with total revenue decreasing by 6.5% to $12.09 million and net income attributable to common stockholders dropping 19.5% to $5.90 million. Basic EPS for the quarter was $0.29, down from $0.36 in the prior year. The company noted that a significant tenant, The Cannabist Company, is undergoing restructuring proceedings, though it remains current on lease payments. Despite the financial downturn, NewLake maintains $82.4 million in available funds under its revolving credit facility and is in compliance with all covenants.

NewLake Capital Partners reported its second quarter 2026 financial results, with total revenue of $12.1 million and net income of $5.9 million. Adjusted Funds From Operations (AFFO) reached $10.3 million, and the company declared a dividend of $0.43 per share. The company also announced the amendment of its revolving credit facility, extending its maturity to May 2029 and reducing borrowing costs, alongside the acquisition of a dispensary in Kentucky. Despite a decrease in revenue year-over-year due to properties available for lease, the company maintained 100% contractual rent collection and highlighted disciplined capital allocation.

NewLake Capital Partners, Inc. announced that David Weinstein will resign from its Board of Directors, effective July 31, 2026. His departure was not due to any disagreement with the Company. Following his resignation, the Board will decrease its size from seven to six directors. Mr. Weinstein was thanked for his dedicated service since 2019, including his leadership as CEO during the Company's transition to public markets.

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.