NewLake Q2 revenue $12.1M (-6.5% YoY); AFFO $0.49/share; extends revolver to 2029

NewLake Capital Partners, Inc.

Q2 revenue $12.1M, down 6.5% YoY; net income $5.9M ($0.29 diluted EPS).
AFFO $10.3M ($0.49/share); dividend $0.43/share (88% AFFO payout ratio).
Amended $90M revolver: maturity extended to May 2029, rate reduced to Prime.
Acquired Kentucky dispensary for $0.6M, committed $1.6M for improvements.
Tenant Cannabist in CCAA restructuring; full rent collected in Q2; Vireo Growth to acquire some operations.

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