---
schema_version: "secwatch.filing_event.v1"
accession: "0001854964-25-000002"
form_type: "8-K"
ticker: "NLCP"
cik: "0001854964"
company_name: "NewLake Capital Partners, Inc."
filed_at: "2025-03-05T23:59:59+00:00"
generated_at: "2026-05-25T11:24:27.093211+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NewLake Capital FY2024 revenue $50.1M (+6% YoY), AFFO $43.7M (+7.5%), declares $0.43 Q1 dividend

## Summary
- Q4 rev $12.5M vs $13.0M YoY; net income $6.0M; AFFO $10.9M vs $10.8M (+1.8%).
- Full-year rev $50.1M (+6.0%), net income $26.1M, FFO $41.3M (+5.1%), AFFO $43.7M (+7.5%).
- Annual dividend raised to $1.70/share (+8.3% YoY); Q1 2025 dividend $0.43/share declared.
- Tenant issues: Revolutionary Clinics receivership ($522K warrant impairment), Calypso non-payment ($1.2M escrow applied).
- Debt to total assets 1.6%; no maturities until May 2027; $50M ATM program established (no shares issued).

## SEC filing metadata
- accession: 0001854964-25-000002
- form_type: 8-K
- ticker: NLCP
- cik: 0001854964
- company_name: NewLake Capital Partners, Inc.
- filed_at: 2025-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854964/000185496425000002/0001854964-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854964/000185496425000002/nclp-20250305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001854964-25-000002
- JSON: https://secwatch.observer/filing/0001854964-25-000002.json
- Plain text: https://secwatch.observer/filing/0001854964-25-000002.txt

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