secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001628280-25-023282
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

NewLake Q1 revenue $13.2M (+4.8%); net income $6.3M, AFFO $10.7M; tenant defaults noted
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- Revenue $13.2M, up 4.8% YoY; net income $6.3M vs $6.9M YoY.
- FFO $10.3M (-2.6% YoY), AFFO $10.7M (-2.2% YoY); dividend $0.43/share (annual $1.72, payout 84%).
- Collected ~98% contractual rent; defaults: Revolutionary Clinics in receivership (50% rent), Calypso deposits used.
- Cash $19.9M, liquidity $102.3M; debt/assets 1.6%; no debt maturity until May 2027.
- Acquired one dispensary for $285k; unfunded commitments $11.7M (C3, Cresco).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000162828025023282/0001628280-25-023282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000162828025023282/nlcp-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-023282

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer