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NewLake Capital Partners, Inc.
- Market Cap
- Unavailable
- Price
- $16.10
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.58%
- Volume
- 50.0K
About
NewLake Capital Partners stands as a premier financier of real estate for businesses operating within the state-licensed cannabis sector. Established in 2019, this triple-net lease Real Estate Investment Trust (REIT) strategically secures commercial and retail assets. It accomplishes this through various avenues, including sale-leaseback arrangements, direct property acquisitions, and custom build-to-suit developments. NewLake's portfolio features properties leased to many of the most prominent players in the regulated U.S. cannabis market, positioning the company as an indispensable partner for their essential property requirements.
Quick stats
Shares outstanding—
Computed float18.1M
Float / sharesUnknown
Key info
SectorReal Estate
IndustryREIT - Specialty
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001854964
Websitehttps://www.newlake.com
AI Summary
AI-generated1/19
standardmixedearnings
NewLake Capital Partners Reports Second Quarter 2026 Financial Results
NewLake reported Q2 revenue of $12.1 million, down 6.5% year-over-year, while AFFO totaled $10.3 million ($0.49 per share), a decline of 10.4% from the prior year.
The company maintained its dividend at $0.43 per share, representing an 88% AFFO payout ratio, and extended its revolving credit facility maturity to May 2029 while lowering borrowing costs.
Management noted 100% rent collection during the quarter, though it continues to monitor the bankruptcy restructuring of major tenant The Cannabist Company.
Red flags
- Revenue declined 6.5% YoY
- AFFO declined 10.4% YoY
- Major tenant The Cannabist Company is in restructuring proceedings under CCAA and Chapter 15 bankruptcy