NewLake Q1 revenue $12.3M (-6.8% YoY); AFFO $0.48/sh; Cannabist enters restructuring

NewLake Capital Partners, Inc.

2026-Q1 EPS reported $0.28 revenue$12,309,000

Revenue $12.3M (down 6.8% from $13.2M); net income $5.8M ($0.28 EPS); AFFO $10.1M ($0.48 per share diluted).
Q1 dividend $0.43/sh (annualized $1.72), paid Apr 15; AFFO payout ratio 90%.
Tenant Cannabist entered CCAA/Chapter 15 restructuring; full Q1 rent collected, $482K security deposits held.
Three cultivation properties remain vacant (Pottsville PA, Sparks NV, Fitchburg MA); no Q1 rental income from them.
Liquidity $107.2M; debt/assets 1.6%; no debt maturities until May 2027; $0.4M unfunded Ohio commitment.

item 2.02 item 9.01 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NewLake Capital Partners, Inc. reported the first quarter ended March 31, 2026 results: revenue $12.3 million, net income $5.8 million, EPS $0.28 per share of common stock.

Period: the first quarter ended March 31, 2026
Revenue: $12.3 million
Net income: $5.8 million
EPS: $0.28 per share of common stock
Result: reported results

Exact text from the filing

First Quarter 2026 Revenue Totaled $12.3 Million First Quarter 2026 Net Income Attributable to Common Stockholders Totaled $5.8 Million, Funds from Operations Totaled $9.7 Million, and Adjusted Funds from Operations Totaled $10.1 Million

View on SEC.gov

Browse all earnings releases →

NewLake Capital Partners, Inc. filing history →

Source: SEC EDGAR

accession 0001854964-26-000016

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.