---
schema_version: "secwatch.filing_event.v1"
accession: "0001854964-26-000003"
form_type: "8-K"
ticker: "NLCP"
cik: "0001854964"
company_name: "NewLake Capital Partners, Inc."
filed_at: "2026-03-05T23:59:59+00:00"
generated_at: "2026-05-15T19:52:20.196250+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NewLake reports Q4 AFFO $0.51, revenue $12.3M; FY AFFO $2.09, declares $0.43 dividend

## Summary
- Q4 2025 revenue $12.3M (-1.4% YoY); AFFO $10.6M ($0.51/share); payout ratio 85%.
- Full year 2025 revenue $51.1M (+1.9% YoY); AFFO $43.8M ($2.09/share); net income $26.3M ($1.28 EPS).
- Declared Q1 2026 dividend $0.43/share (annualized $1.72); payable Apr 15 to record Mar 31; AFFO payout 82% FY.
- Cash $23.9M, liquidity $106.3M; debt 1.6% of total assets; no maturities until May 2027.
- Acquired two Ohio dispensaries for $0.8M; like-kind exchange Mokena, IL for Brookville, PA; Hartford CT property for sale.

## SEC filing metadata
- accession: 0001854964-26-000003
- form_type: 8-K
- ticker: NLCP
- cik: 0001854964
- company_name: NewLake Capital Partners, Inc.
- filed_at: 2026-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1854964/000185496426000003/0001854964-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854964/000185496426000003/nclp-20260305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001854964-26-000003
- JSON: https://secwatch.observer/filing/0001854964-26-000003.json
- Plain text: https://secwatch.observer/filing/0001854964-26-000003.txt

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