Newlake Capital Partners reported FY 2025 results with total revenue of USD 51.1 million (up USD 0.9 million), including rental income of USD 49.5 million (up USD 0.6 million), interest income from loans of USD 0.5 million, and fees and reimbursables of USD 1.0 million (up USD 0.3 million). Net income attributable to common stockholders was USD 26.3 million, while FFO attributable to common stockholders (diluted) was USD 42.3 million and AFFO attributable to common stockholders (diluted) was USD 43.8 million. The company declared FY 2025 cash dividends totaling USD 1.72 per share and ended the year with USD 23.9 million in cash and cash equivalents and USD 7.6 million outstanding under its revolving credit facility, with USD 82.4 million available. During 2025, Newlake Capital Partners owned 34 properties across 12 states (19 dispensaries and 15 cultivation facilities), including 31 leased to 11 operators and 3 vacant after two tenant defaults that led to three properties being vacated. Management said it is actively pursuing re-leasing of the vacated facilities, including two cultivation sites in Pottsville, PA and Sparks, NV vacated by AYR Wellness in Q3, and a cultivation facility in Fitchburg, MA vacated in July after Revolutionary Clinics entered receivership. The company also completed a deed-for-deed like-kind exchange on June 12, 2025, exchanging a dispensary in Mokena, IL for a dispensary in Brookville, PA, and classified its Hartford, CT property (carrying amount of approximately USD 4.8 million) as held for sale following an October 2025 lease amendment with C3 Industries tied to a planned sale and make-whole protection.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newlake Capital Partners Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001854964-26-000006), on March 06, 2026, and is solely responsible for the information contained therein.
Comments