Newlake Capital Partners, Inc. ( (NLCP) ) has released its Q2 earnings. Here is a breakdown of the information Newlake Capital Partners, Inc. presented to its investors.
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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 other real estate investments. The company owns a portfolio of properties leased to single tenants on a triple-net basis, focusing on the cannabis industry.
In its second quarter 2025 financial results, NewLake Capital Partners reported a revenue of $12.9 million, marking a 3.8% increase compared to the same period last year. The company also declared a dividend of $0.43 per common share, maintaining its annualized dividend rate.
Key financial highlights for the quarter include a net income of $7.3 million attributable to common stockholders, with funds from operations (FFO) and adjusted funds from operations (AFFO) totaling $11.4 million and $11.5 million, respectively. The company maintained a strong balance sheet with $21.9 million in cash and cash equivalents and a total liquidity of $104.3 million.
NewLake’s investment activities during the first half of 2025 included acquisitions of dispensaries in Ohio and Pennsylvania, as well as a like-kind exchange of properties. Despite challenges faced by some tenants, the company continues to manage its portfolio effectively, with ongoing efforts to lease vacated properties.
Looking ahead, NewLake Capital Partners remains committed to its strategic growth in the cannabis real estate sector, focusing on disciplined execution and maintaining financial stability amidst industry challenges.