secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001854964-26-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000185496426000003/0001854964-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000185496426000003/nclp-20260305.htm
  HTML page:      https://secwatch.observer/filing/0001854964-26-000003

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