Newlake Capital Partners, Inc. ( (NLCP) ) has released its Q3 earnings. Here is a breakdown of the information Newlake Capital Partners, Inc. presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases, focusing on the cannabis industry.
In its third quarter of 2025, NewLake Capital Partners reported a slight increase in revenue, totaling $12.6 million, with net income attributable to common stockholders reaching $6.7 million. The company declared a dividend of $0.43 per share, maintaining its annualized dividend at $1.72 per share.
Key financial metrics for the third quarter showed stability, with Funds From Operations (FFO) at $10.7 million and Adjusted Funds From Operations (AFFO) at $11.0 million, reflecting modest year-over-year growth. Despite industry challenges, NewLake maintained a strong balance sheet with total liquidity of $106.0 million and no debt maturity until May 2027.
The company engaged in strategic real estate activities, including acquisitions and a like-kind exchange, while addressing tenant challenges, such as those involving AYR Wellness and Revolutionary Clinics. NewLake’s proactive tenant management and strategic lease amendments demonstrate its commitment to navigating industry headwinds.
Looking ahead, NewLake Capital Partners remains focused on delivering value to shareholders, leveraging its strong financial position and strategic initiatives to adapt to the evolving cannabis market landscape.