secwatch.observer — SEC 8-K summary
======================================

Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001854964-26-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000185496426000016/0001854964-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000185496426000016/nlcp-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001854964-26-000016

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