Recent Updates — NLCP

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.

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.

David Weinstein resigned from the Board of Directors of NewLake Capital Partners, Inc. effective July 31, 2026, resulting in a reduction in Board size from seven to six directors. The company is a business development company operating in the financial services industry.