---
schema_version: "secwatch.filing_event.v1"
accession: "0001854964-23-000038"
form_type: "8-K"
ticker: "NLCP"
cik: "0001854964"
company_name: "NewLake Capital Partners, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:42:18.091625+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NewLake Q3 revenue $11.5M, AFFO $10.1M; Rev Clinics lease amended; Calypso missed rent

## Summary
- Q3 revenue $11.5M (-4.9% YoY); net income $6.0M; FFO $9.6M; AFFO $10.1M (-5.1%).
- Reaffirmed FY 2023 AFFO guidance $39.8-$40.8M; Q3 dividend $0.39/share (81.6% AFFO payout).
- Repurchased 608,152 shares in Q3 at avg $13.02; board added $10M to buyback, extended to Dec 2024.
- Lease amendment with Revolutionary Clinics extended 5 years; received $480K unpaid rent; got 9.95% warrants.
- Calypso missed Oct rent but resumed Nov; sold Palmer, MA facility for $2.0M (break-even).

## SEC filing metadata
- accession: 0001854964-23-000038
- form_type: 8-K
- ticker: NLCP
- cik: 0001854964
- company_name: NewLake Capital Partners, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854964/000185496423000038/0001854964-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854964/000185496423000038/nclp-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001854964-23-000038
- JSON: https://secwatch.observer/filing/0001854964-23-000038.json
- Plain text: https://secwatch.observer/filing/0001854964-23-000038.txt

## Key facts
- Earnings Releases
  NewLake Capital Partners, Inc. reported the third quarter ended September 30, 2023 results: revenue $11.5 million, net income $6.0 million.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $11.5 million
  - Net income: $6.0 million
  - Result: reported results
  source text: "Securities Act") or the Exchange Act. --- EX-99.1 (EX-99.1) --- -1 NewLake Capital Partners Reports Third Quarter 2023 Financial Results Third Quarter 2023 Revenue Totaled $11.5 Million Third Quarter 2023 Net Income Attributable to Common Stockholders Totaled $6.0 Million, Funds from Operations Totaled $9.6 Million, and Adjusted Funds from Operations Totaled
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854964/000185496423000038/0001854964-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.