NewLake Capital Partners Reports Third Quarter 2026 Financial Results
Globe Newswire•04/11/2026•17:40 ET
0
Key Highlights
- ➤Q3 revenue $12.0 million, down 4.5% year over year
- ➤Q3 AFFO $10.3 million, down 6.3% year over year
- ➤No debt outstanding after repaying $7.6 million during Q3
- ➤Q3 dividend $0.43 per share, an 88% AFFO payout ratio
- ➤Acquired three dispensary properties in Kentucky and Michigan for approximately $1.9 million
Expert Statements
Anthony Coniglio, President and Chief Executive Officer of NewLake Capital Partners
“Our third quarter financial results were in line with our expectations, and year to date we collected 99.7% of contractual rent. Notably, we strengthened our balance sheet by repaying $7.6 million of debt, ending the quarter with no debt outstanding and $17.9 million in cash”
Anthony Coniglio, President and Chief Executive Officer of NewLake Capital Partners
“During the third quarter we acquired a dispensary property in Kentucky, and subsequent to quarter end we acquired dispensary properties in Michigan and Kentucky. With a disciplined focus on property-level cash flow, a debt-free balance sheet and available credit capacity, we believe NewLake is well positioned to pursue growth opportunities as the cannabis regulatory landscape matures.”
Third Quarter 2026 Net Income Attributable to Common Stockholders Totaled $4.2 Million, Funds from Operations Totaled $10.0 Million, and Adjusted Funds from Operations Totaled $10.3 Million
Conference Call and Webcast Scheduled for November 5, 2026, at 11 a.m. Eastern Time
Get started
Create a free account to read the full story.