Earnings ·
NewLake Capital Partners, Inc. reported second quarter 2026 financial results with total revenue of $12.1 million and…
NLCPNewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. reported second quarter 2026 financial results with total revenue of $12.1 million and net income attributable to common stockholders of $5.9 million, or $0.29 per share. Funds from operations totaled $9.9 million ($0.47 per share) and adjusted funds from operations were $10.3 million ($0.49 per share). The company declared a quarterly cash dividend of $0.43 per share, paid on July 15, 2026, to shareholders of record as of June 30, 2026. Subsequent to the quarter end, NewLake amended its revolving credit facility to extend maturity to May 2029 and lower borrowing costs, while acquiring a dispensary in Kentucky for approximately $0.6 million with an additional $1.6 million committed for improvements. The company operates as a real estate investment trust providing capital to state-licensed cannabis operators.