NewLake Capital Partners, Inc. provides real estate capital to state-licensed cannabis operators and reports on a portfolio of cannabis-related properties leased to industry tenants. News commonly covers quarterly and annual results, net income, funds from operations, adjusted funds from operations, common stock dividends, liquidity under its revolving credit facility and changes in gross real estate assets.
Company updates also address portfolio investment activity, including dispensary property acquisitions and improvement commitments, tenant credit developments, and management participation in cannabis regulation, net lease real estate and investor conferences. Tenant disclosures focus on operators that lease NewLake properties and on how operator developments relate to the company's real estate capital platform.
NewLake Capital Partners (OCTQX: NLCP) reported third quarter 2025 results for the period ended September 30, 2025. Revenue totaled $12.6M (flat YoY). Net income attributable to common stockholders was $6.7M. FFO was $10.7M and AFFO was $11.0M. The Board declared a quarterly dividend of $0.43 per share (annualized $1.72), representing an AFFO payout ratio of 82%.
Liquidity remained strong with $23.6M cash and $106.0M total liquidity; gross real estate assets were $432.2M and debt-to-gross-assets was 1.6%. Tenant disruptions included AYR vacancies impacting ~5.9% of rental income for the nine months and a vacated Fitchburg tenant; revolver borrowings were $7.6M with an effective rate of 8.25% as of September 30, 2025.
NewLake Capital Partners (OTCQX: NLCP) will report third quarter 2025 results and host an earnings call on Thursday, November 6, 2025 at 11:00 a.m. ET. The live call is available via toll-free dial-in (1-877-407-3982 U.S.) or international dial-in (1-201-493-6780), and a webcast will stream at https://ir.newlake.com/news-events/ir-calendar. A dial-in replay will be available through November 20, 2025 at 1-844-512-2921 (U.S. toll free) or 1-412-317-6671 (International) using replay PIN 13756168.
Additional investor materials and event details are accessible on the company’s Investor Relations site at https://ir.newlake.com/.
NewLake Capital Partners (OTCQX: NLCP) announced management will participate in three investor conferences in October 2025. Key appearances include the LD Micro Main Event XIX in San Diego (presentation on October 20 at 1:30 p.m. PT), the Planet MicroCap Showcase: TORONTO 2025 in Toronto (presentation on October 22 at 1:00 p.m. ET, Track 2), and the State of the Cannabis Industry Conference in Boston on October 27. Webcasts for the first two events are available via NewLake's investor relations calendar. For one-on-one meetings, investors are instructed to contact KCSA Strategic Communications at NewLake@KCSA.com.
NewLake Capital Partners (OTCQX: NLCP), a real estate capital provider for cannabis operators, has declared its Q3 2025 dividend of $0.43 per share. The dividend payment represents an annualized dividend of $1.72 per common share. Shareholders of record as of September 30, 2025, will receive the dividend payment on October 15, 2025.
NewLake Capital Partners (OTCQX: NLCP), a real estate capital provider for cannabis operators, reported its Q2 2025 financial results. Revenue reached $12.9 million, up 3.8% year-over-year, while net income attributable to common stockholders was $7.3 million. The company maintained a quarterly dividend of $0.43 per share.
Key metrics include FFO of $11.4 million (up 7.7% YoY) and AFFO of $11.5 million (up 4.0% YoY). The company's balance sheet shows $21.9 million in cash and total liquidity of $104.3 million. NewLake maintains a conservative 1.6% debt to total gross assets ratio.
Notable challenges include tenant Revolutionary Clinics entering receivership and AYR Wellness's restructuring, representing 5.9% of rental revenue, with August rent payments pending.
NewLake Capital Partners (OTCQX: NLCP), a leading real estate capital provider for state-licensed cannabis operators, has scheduled its Second Quarter 2025 earnings conference call for August 7, 2025, at 11:00 a.m. ET. The company will discuss financial results for the quarter ended June 30, 2025.
Investors can join via phone at 1-877-300-8521 (U.S.) or 1-412-317-6026 (International). A webcast will be available on the company's investor relations website. A replay will be accessible until August 21, 2025, using pin number 10201213.
NewLake Capital Partners (OTCQX: NLCP), a real estate capital provider for state-licensed cannabis operators, has scheduled its first quarter 2025 earnings conference call for May 8, 2025, at 11:00 a.m. ET. The company will discuss financial results for the quarter ended March 31, 2025.
Interested participants can join via phone at 1-877-407-3982 (U.S. Toll-Free) or 1-201-493-6780 (International). A webcast will be available through the company's investor relations website. A replay of the call will be accessible until May 22, 2025, using replay pin 13752702.