---
schema_version: "secwatch.filing_event.v1"
accession: "0001854964-25-000007"
form_type: "8-K"
ticker: "NLCP"
cik: "0001854964"
company_name: "NewLake Capital Partners, Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:57:05.724302+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NewLake Q2 revenue $12.9M (+3.8% YoY), AFFO $11.5M; notes AYR Wellness rent risk

## Summary
- Revenue $12.9M, net income $7.3M, AFFO $11.5M; declared $0.43 dividend (annual $1.72).
- YoY growth: revenue +3.8%, FFO +7.7%, AFFO +4.0%.
- AYR Wellness (5.9% of rental revenue) entered restructuring; August rent unpaid as of Aug 6.
- Revolutionary Clinics vacated July 2025; leasing efforts ongoing.
- Cash $21.9M, total liquidity $104.3M, debt/assets 1.6%, no debt maturity until May 2027.

## SEC filing metadata
- accession: 0001854964-25-000007
- form_type: 8-K
- ticker: NLCP
- cik: 0001854964
- company_name: NewLake Capital Partners, Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854964/000185496425000007/0001854964-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854964/000185496425000007/nlcp-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001854964-25-000007
- JSON: https://secwatch.observer/filing/0001854964-25-000007.json
- Plain text: https://secwatch.observer/filing/0001854964-25-000007.txt

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