Earnings Releases·Nov 4, 2026, 5:27 PM ET

NewLake Capital Partners — Third Quarter 2026 Earnings Summary

Revenue declined 4.5% to $12.0 million and net income fell to $4.2 million ($0.20/share) for the quarter, while FFO and AFFO decreased 6.6% and 6.3% respectively to $10.0 million and $10.3 million due to properties becoming available for lease.
The balance sheet remains debt-free following $7.6 million in repayments during the quarter, with $17.9 million in cash and a $90.0 million revolving credit facility available.
Management confirmed 99.7% year-to-date contractual rent collection and highlighted strategic growth via acquisitions in Kentucky and Michigan, totaling approximately $1.9 million in purchase prices.
The Board declared a $0.43 per share quarterly dividend and extended the stock repurchase program to December 31, 2028, with $8.2 million remaining, while also extending the credit facility maturity to May 2029.