Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from NewLake Capital Partners ( (NLCP) ).
NewLake Capital Partners reported that for the fourth quarter of 2025, revenue was $12.3 million, with net income attributable to common stockholders of $6.0 million, funds from operations of $10.0 million and adjusted funds from operations of $10.6 million, while declaring a quarterly dividend of $0.43 per share. For the full year ended December 31, 2025, revenue rose modestly to $51.1 million and AFFO inched higher despite tenant vacancies tied to AYR Wellness and Revolutionary Clinics, as the company executed selective acquisitions in Ohio, completed a like-kind property exchange, and ended the year with $106.3 million of liquidity, minimal leverage and no debt maturities until May 2027.
During 2025 NewLake acquired two Ohio dispensaries with additional improvement commitments and swapped a Mokena, Illinois dispensary for a Brookville, Pennsylvania site, moves that modestly expanded and repositioned its portfolio in the face of industry tenant dislocation. Management highlighted that full-year performance exceeded 2024 levels despite these headwinds, pointing to disciplined portfolio management, re-tenanting efforts and strong balance sheet flexibility as key supports for sustaining its dividend and long-term value proposition to investors.
The most recent analyst rating on (NLCP) stock is a Buy with a $17.50 price target. To see the full list of analyst forecasts on NewLake Capital Partners stock, see the NLCP Stock Forecast page.
Spark’s Take on NLCP Stock
According to Spark, TipRanks’ AI Analyst, NLCP is a Outperform.
The score is driven primarily by strong financial fundamentals (high recent profitability, conservative leverage, and solid operating cash generation). Technicals add support with an established uptrend and positive momentum. Valuation is supportive via a reasonable P/E and very high yield, while the earnings call tempers the outlook due to tenant/rent-collection and vacancy pressures alongside sector regulatory uncertainty.
To see Spark’s full report on NLCP stock, click here.
More about NewLake Capital Partners
NewLake Capital Partners, Inc. is a real estate capital provider focused on state-licensed cannabis operators, assembling a portfolio of cultivation, processing and dispensary properties across regulated U.S. markets. The company structures long-term, triple-net lease arrangements that supply capital to cannabis tenants while generating predictable rental income and dividends for its shareholders.
Average Trading Volume: 134,820
Technical Sentiment Signal: Buy
Current Market Cap: $328.4M
Learn more about NLCP stock on TipRanks’ Stock Analysis page.