---
schema_version: "secwatch.filing_event.v1"
accession: "0001854964-24-000039"
form_type: "8-K"
ticker: "NLCP"
cik: "0001854964"
company_name: "NewLake Capital Partners, Inc."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:54:04.787645+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NewLake Q2 revenue $12.5M (+9.5% YoY); AFFO $11.0M; dividend raised to $0.43

## Summary
- Revenue $12.5M, net income $6.8M; FFO $10.5M (+11.3% YoY), AFFO $11.0M (+11.2% YoY).
- Third consecutive quarterly dividend increase to $0.43/share ($1.72 annualized); AFFO payout ratio 82%.
- Purchased CT cultivation facility for ~$4.0M with $12.0M improvement commitment; leased to existing tenant affiliate.
- Entered $50M ATM program (no shares issued as of June 30); $82.4M available under $90M revolver at 5.65%.
- Cash $20.7M; funded $11.4M in tenant improvements H1 2024, plus $1.2M post-quarter in AZ and PA.

## SEC filing metadata
- accession: 0001854964-24-000039
- form_type: 8-K
- ticker: NLCP
- cik: 0001854964
- company_name: NewLake Capital Partners, Inc.
- filed_at: 2024-08-07T23:59:59+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/1854964/000185496424000039/0001854964-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854964/000185496424000039/nlcp-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001854964-24-000039
- JSON: https://secwatch.observer/filing/0001854964-24-000039.json
- Plain text: https://secwatch.observer/filing/0001854964-24-000039.txt

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