The earnings call reflects a stable financial performance with modest revenue growth and a strong balance sheet. However, challenges such as tenant defaults and re-leasing difficulties pose risks. The cautious outlook due to subdued demand for cultivation projects and industry-specific risks balance the positive aspects.

Company Guidance -

Q3 2025

During the NewLake Capital Partners second quarter 2025 conference call, the company provided guidance focusing on several key metrics. The second quarter dividend was declared at $0.43 per share, representing an adjusted funds from operations (AFFO) payout ratio of 79%, slightly below the targeted range of 80% to 90%. Total revenue for the quarter was reported at $12.9 million, marking a 3.8% increase year-over-year. The company highlighted its low leverage with a debt to total gross assets ratio of 1.6% and no debt maturing until May 2027. The portfolio's weighted average lease term is approximately 13 years, and the company has paid over $6 in dividends since going public in 2021. Additionally, the company discussed an emerging default involving a tenant, Ayr Wellness, which represents about 5.9% of the annualized base rent, and noted a proactive approach in managing this situation. With $104.3 million available in liquidity, NewLake Capital Partners emphasized its strong balance sheet, flexibility in managing potential challenges, and commitment to maximizing long-term shareholder value.

Stable Dividend Payout Ratio

The second quarter dividend of $0.43 per share reflected an AFFO payout ratio of 79%, providing a cushion below the targeted range of 80% to 90%.

Revenue Growth

Total revenue for the second quarter of 2025 was $12.9 million, a 3.8% increase year-over-year, driven by full quarters of rental income from recent acquisitions and improvements.

Strong Balance Sheet

The balance sheet remains solid with $432.2 million in gross real estate assets and a very conservative debt profile with a 1.6% debt to total gross assets.

NewLake Capital Partners (NLCP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NLCP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.28 / -	0.31	―	―	―
Aug 06, 2025	2025 (Q2)	0.30 / 0.35	0.33	6.06% (+0.02)
May 07, 2025	2025 (Q1)	0.30 / 0.31	0.33	-6.06% (-0.02)
Mar 05, 2025	2024 (Q4)	0.32 / 0.29	0.34	-14.71% (-0.05)
Nov 13, 2024	2024 (Q3)	0.35 / 0.31	0.28	10.71% (+0.03)
Aug 08, 2024	2024 (Q2)	0.31 / 0.33	0.27	22.22% (+0.06)
May 09, 2024	2024 (Q1)	0.28 / 0.33	0.27	22.22% (+0.06)
Mar 11, 2024	2023 (Q4)	0.27 / 0.34	0.31	9.68% (+0.03)
Nov 09, 2023	2023 (Q3)	0.25 / 0.28	0.3	-6.67% (-0.02)
Aug 09, 2023	2023 (Q2)	0.29 / 0.27	0.18	50.00% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NLCP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$13.85	$13.62	-1.66%
May 07, 2025	$14.00	$14.10	+0.71%
Mar 05, 2025	$15.19	$15.18	-0.07%
Nov 13, 2024	$15.85	$16.50	+4.10%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does NewLake Capital Partners (NLCP) report earnings?

NewLake Capital Partners (NLCP) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is NewLake Capital Partners (NLCP) earnings time?

NewLake Capital Partners (NLCP) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NLCP EPS forecast?

NLCP EPS forecast for the fiscal quarter 2025 (Q3) is 0.28.

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