NewLake Capital Partners — Third Quarter 2026 Earnings Summary

NewLake Capital Partners reported third-quarter 2026 total revenue of $12.0 million, a 4.5% decrease from the prior year period, driven by rental income losses from three vacant properties. The company achieved net income attributable to common stockholders of $4.2 million, with Funds From Operations (FFO) totaling $10.0 million and Adjusted Funds From Operations (AFFO) reaching $10.3 million. By the end of the quarter, the company held $17.9 million in cash and had no outstanding debt after repaying $7.6 million. Recent activities included the acquisition of dispensary properties in Kentucky, Michigan, and the extension of its stock repurchase program through December 2028.