NewLake Capital Partners Q4 revenue USD 12.3 million, AFFO down 3% to USD 10.6 million

Reuters03-06
NewLake Capital Partners Q4 revenue USD 12.3 million, AFFO down 3% to USD 10.6 million

NewLake Capital Partners reported Q4 2025 revenue of USD 12.3 million (-1.4%), with net income attributable to common stockholders of USD 6.0 million (USD 0.29 per diluted share), FFO of USD 10.0 million (USD 0.48 per diluted share) and AFFO of USD 10.6 million (USD 0.51 per diluted share). For FY 2025, revenue was USD 51.1 million (+1.9%), net income attributable to common stockholders was USD 26.3 million (USD 1.28 per diluted share), FFO was USD 42.3 million (USD 2.02 per diluted share) and AFFO was USD 43.8 million (USD 2.09 per diluted share). NewLake Capital Partners declared a Q1 2026 cash dividend of USD 0.43 per share (payable April 15, 2026), and said its Q4 2025 AFFO payout ratio was 85% and FY 2025 annual AFFO payout ratio was 82%. The company reported FY 2025 acquisitions of two Ohio dispensaries for about USD 0.8 million and completed a like-kind exchange transferring a Mokena, Illinois dispensary for a Brookville, Pennsylvania dispensary. It also amended lease agreements with C3 Industries related to its Hartford, Connecticut cultivation facility, including pursuing a sale of the property while C3 continues paying monthly base rent through the sale date. As of December 31, 2025, NewLake Capital Partners had cash and cash equivalents of USD 23.9 million and total liquidity of USD 106.3 million; it also reported USD 7.6 million of revolving credit facility borrowings, with an interest rate of 7.75%, and said there were no debt maturities until May 2027.

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: 0001854964-26-000003), on March 05, 2026, and is solely responsible for the information contained therein.

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