Earnings ·
NewLake reports Q3 revenue of $12.0M, declares $0.43/share dividend
NLCPNewLake Capital Partners, Inc.
NewLake Capital Partners reported third-quarter 2026 total revenue of $12.0 million and net income attributable to common stockholders of $4.2 million, or $0.20 per share. Funds from operations totaled $10.0 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 October 15 to holders of record as of September 30. NewLake ended the quarter debt-free with $17.9 million in cash and acquired two additional dispensary properties subsequent to quarter end for approximately $1.3 million. The company operates as a real estate investment trust providing capital to state-licensed cannabis operators.