{"schema_version":"secwatch.filing_event.v1","accession":"0001854964-25-000020","form_type":"8-K","ticker":"NLCP","cik":"0001854964","company_name":"NewLake Capital Partners, Inc.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.831339+00:00","generated_at":"2026-05-16T23:59:47.869595+00:00","sec_items":["2.02","9.01","7.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Q3 earnings flat; AYR & Revolutionary Clinics vacate properties, 5.9% of rent at risk","bullets":["Q3 revenue $12.6M flat YoY, net income $6.7M, AFFO $11.0M.","AYR Wellness vacated two cultivation properties (5.9% of rental income); rent ceased Aug 2025.","Revolutionary Clinics vacated Fitchburg, MA property Jul 2025; no rent since.","Dividend maintained at $0.43/share ($1.72 annualized); AFFO payout ratio 82%.","Cash $23.6M, debt 1.6% of gross assets; no debt maturities until May 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001854964-25-000020","json":"https://secwatch.observer/filing/0001854964-25-000020.json","markdown":"https://secwatch.observer/filing/0001854964-25-000020.md","text":"https://secwatch.observer/filing/0001854964-25-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854964/000185496425000020/0001854964-25-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854964/000185496425000020/nlcp-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:59:47.869595+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}