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.
Key figures
- Eps
- 0.29
- Revenue
- 12087000
- Revenue Yoy
- -6.5%
- Ffo
- 9857000
- Affo
- 10262000
- Cash
- 25800000
- Net income
- 5896000
- Ffo per share
- 0.47
- Affo per share
- 0.49
- Affo payout ratio
- 88%
- Dividend per share
- 0.43
- Gross real estate assets
- 433200000
AI analysis
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