NewLake Capital Partners, Inc. (NLCP) Form 8-K — Nov 4, 2026
NewLake Capital Partners reported Q3 2026 revenue of $12.0 million, down 4.5% year over year, with net income attributable to common stockholders of $4.2 million ($0.20/share), down sharply from $6.7 million ($0.32/share) a year ago. AFFO fell 6.3% to $10.3 million ($0.49/share), driven by lost rental income from vacant properties. The balance sheet strengthened: the company repaid its remaining $7.6 million of debt, ending the quarter debt-free with $17.9 million in cash and an extended $90 million revolver maturing May 2029. It acquired a Kentucky dispensary in Q3 and two more properties in Michigan and Kentucky after quarter end for ~$1.3 million combined.
Key figures
- Eps
- 0.2
- Revenue
- 12024000
- Net Income
- 4176000
- Total Debt
- 0
- Total Assets
- 402031000
- Cash Position
- 17860000
- Shares Outstanding
- 20580766
- Ffo
- 9968000
- Affo
- 10332000
- Affo Yoy
- -6.3%
- Debt Repaid
- 7600000
- Ffo Per Share
- 0.47
- Affo Per Share
- 0.49
- Net Income Yoy
- -37.4%
- Buyback Remaining
- 8200000
- Revolver Capacity
- 90000000
- Buyback Expiration
- 2028-12-31
- Rent Collection YTD
- 99.7%
- Annualized Dividend
- 1.72
- Q3 Dividend Per Share
- 0.43
- Gross Real Estate Assets
- 433800000
AI analysis
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