secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001854964-25-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Q3 earnings flat; AYR & Revolutionary Clinics vacate properties, 5.9% of rent at risk
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000185496425000020/0001854964-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000185496425000020/nlcp-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001854964-25-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer