---
schema_version: "secwatch.filing_event.v1"
accession: "0001854964-24-000025"
form_type: "8-K"
ticker: "NLCP"
cik: "0001854964"
company_name: "NewLake Capital Partners, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:04:54.169527+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NewLake Q1 revenue $12.6M (+10.4% YoY); AFFO $11.0M; dividend raised to $0.41/quarter

## Summary
- Revenue $12.6M, up 10.4% YoY; net income $6.9M vs $5.9M YoY.
- FFO $10.6M (+10.8% YoY); AFFO $11.0M (+10.6% YoY).
- Quarterly dividend increased to $0.41/share ($1.64 annualized); AFFO payout ratio 78.3%.
- Cash $21.5M; $6.5M in unfunded TI commitments; $4.0M drawn on $90M revolver.
- Post-quarter: acquired CT cultivation facility for ~$4M with $12M TI commitment.

## SEC filing metadata
- accession: 0001854964-24-000025
- form_type: 8-K
- ticker: NLCP
- cik: 0001854964
- company_name: NewLake Capital Partners, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1854964/000185496424000025/0001854964-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854964/000185496424000025/nclp-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001854964-24-000025
- JSON: https://secwatch.observer/filing/0001854964-24-000025.json
- Plain text: https://secwatch.observer/filing/0001854964-24-000025.txt

## Key facts
- Earnings Releases
  NewLake Capital Partners, Inc. reported first quarter ended March 31, 2024 results: revenue $12.6 million, net income $6.9 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $12.6 million
  - Net income: $6.9 million
  - Result: reported results
  source text: NewLake Capital Partners Reports First Quarter 2024 Financial Results First Quarter 2024 Revenue Totaled $12.6 Million, an increase of 10.4% Year-Over-Year First Quarter 2024 Net Income Attributable to Common Stockholders Totaled $6.9 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854964/000185496424000025/0001854964-24-000025-index.htm

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