Real estate capital for cannabis operators
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NewLake Capital Partners to Host Third Quarter 2025 Earnings Call on November 6th at 11:00 a.m. ET
Globenewswire· 2025-10-15 13:00
Core Viewpoint - NewLake Capital Partners, Inc. is set to announce its financial results for the third quarter of 2025 on November 6, 2025, highlighting its role as a key provider of real estate capital to state-licensed cannabis operators [1][2]. Group 1: Earnings Call Details - The earnings call will take place on Thursday, November 6, 2025, at 11:00 a.m. ET [2]. - Interested parties can join the live call via U.S. toll-free number 1-877-407-3982 or international number 1-201-493-6780 [2]. - A dial-in replay will be available until November 20, 2025, accessible through U.S. toll-free number 1-844-512-2921 or international number 1-412-317-6671, with a replay pin number of 13756168 [2]. Group 2: Company Overview - NewLake Capital Partners, Inc. operates as an internally-managed real estate investment trust, focusing on providing real estate capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects [3]. - The company owns a portfolio of 34 properties, which includes 15 cultivation facilities and 19 dispensaries, all leased to single tenants on a triple-net basis [3].
NewLake Capital Partners to Participate in Upcoming October Conferences
Globenewswire· 2025-10-06 13:00
Core Insights - NewLake Capital Partners, Inc. is actively participating in multiple investor conferences in October 2025, showcasing its commitment to engaging with investors and stakeholders in the cannabis industry [1][2][3] Company Overview - 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 funding for build-to-suit projects [4] - The company owns a portfolio of 34 properties, which includes 15 cultivation facilities and 19 dispensaries, all leased to single tenants on a triple-net basis [4] Upcoming Events - LD Micro Main Event XIX will take place from October 19-21, 2025, in San Diego, CA, with NewLake's presentation scheduled for October 20 at 1:30 p.m. PT [2] - Planet MicroCap Showcase in Toronto will occur from October 21-23, 2025, with NewLake presenting on October 22 at 1:00 p.m. ET [2] - The State of the Cannabis Industry Conference is set for October 27, 2025, in Boston, MA, where one-on-one meetings with NewLake's management can be scheduled [3]
NewLake Capital Partners Issues Third Quarter 2025 Common Stock Dividend of $0.43 per Share
Globenewswire· 2025-09-12 20:05
Core Viewpoint - NewLake Capital Partners, Inc. has announced a cash dividend of $0.43 per share for the third quarter of 2025, reflecting its ongoing commitment to returning value to shareholders [1][2]. Company Overview - NewLake Capital Partners, Inc. is an internally managed real estate investment trust that provides capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects [3]. - The company owns a portfolio of 34 cultivation facilities and dispensaries, which are leased to single tenants on a triple-net basis [3]. Dividend Details - The announced dividend of $0.43 per share translates to an annualized dividend of $1.72 per common share [2]. - The dividend is scheduled to be paid on October 15, 2025, to stockholders of record as of September 30, 2025 [2].
NewLake Capital Partners Reports Second Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-08-06 21:00
Core Insights - NewLake Capital Partners, Inc. reported a revenue of $12.9 million for the second quarter of 2025, reflecting a year-over-year increase of 3.8% [1][5] - The net income attributable to common stockholders for the same period was $7.3 million, up from $6.8 million in the previous year [5] - The company declared a second quarter dividend of $0.43 per common share, maintaining a 79% AFFO payout ratio [2][14] Financial Highlights - Funds from Operations (FFO) totaled $11.4 million, representing a 7.7% increase year-over-year [5] - Adjusted Funds from Operations (AFFO) reached $11.5 million, marking a 4.0% increase compared to the same quarter in 2024 [5] - For the first half of 2025, total revenue was $26.1 million, an increase of 4.3% from $25.1 million in the same period of 2024 [5] Balance Sheet and Liquidity - As of June 30, 2025, cash and cash equivalents stood at $21.9 million, with total liquidity of $104.3 million [5] - The company reported a gross real estate asset value of $432.2 million, with a debt to total gross assets ratio of 1.6% [5] - There are no debt maturities until May 2027, indicating a stable financial position [5] Investment Activity - The company engaged in significant investment activity, acquiring properties valued at $1.735 million during the first half of 2025 [6][7] - A deed-for-deed like-kind exchange was completed on June 12, 2025, involving a dispensary property, which was recorded at an estimated fair value of $950 thousand [7] Tenant Condition and Challenges - Revolutionary Clinics faced operational challenges, resulting in a stipulation agreement to receive 50% of contractual rent on a weekly basis [9] - AYR Wellness Inc., which operates at two of the company's properties, announced a restructuring support agreement, representing approximately 5.9% of the company's rental revenue for the first half of 2025 [15] Conference Call and Future Outlook - A conference call and webcast are scheduled for August 7, 2025, to discuss the quarterly financial results and operational highlights [16]
NewLake Capital Partners to Host Second Quarter 2025 Earnings Call on August 7th at 11:00 a.m. ET
Globenewswire· 2025-07-14 13:00
Group 1 - NewLake Capital Partners, Inc. plans to host a conference call to report its financial results for the second quarter ended June 30, 2025, on August 7, 2025 [1][2] - The conference call will be accessible via a live call and a webcast, with a dial-in replay available until August 21, 2025 [2] - NewLake is an internally managed real estate investment trust (REIT) that provides capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects [3] Group 2 - NewLake owns a portfolio of 34 properties, which includes 15 cultivation facilities and 19 dispensaries, leased to single tenants on a triple-net basis [3]
NewLake Capital Partners Issues Second Quarter 2025 Common Stock Dividend of $0.43 per Share
Globenewswire· 2025-06-16 21:09
Core Points - NewLake Capital Partners, Inc. has announced a cash dividend of $0.43 per share for the second quarter of 2025, which translates to an annualized dividend of $1.72 per common share [1][2] - The dividend is scheduled to be paid on July 15, 2025, to stockholders of record as of June 30, 2025 [2] Company Overview - NewLake Capital Partners, Inc. operates as an internally-managed real estate investment trust (REIT) that provides capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects [3] - The company owns a portfolio of 34 properties, which includes 15 cultivation facilities and 19 dispensaries, all leased to single tenants on a triple-net basis [3]
NewLake Capital Partners to Participate in Upcoming June Conferences
Globenewswire· 2025-06-02 13:00
Company Overview - NewLake Capital Partners, Inc. is a leading provider of real estate capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects [3] - The company operates as an internally-managed real estate investment trust (REIT) and owns a portfolio of 34 properties, which includes 15 cultivation facilities and 19 dispensaries leased to single tenants on a triple-net basis [3] Upcoming Conferences - NewLake management is scheduled to participate in several conferences in June 2025, including the Benzinga Cannabis Capital Conference from June 8-10, where they will be on a panel discussing debt management on June 9 [2] - The Sidoti Virtual Small Cap Conference will take place on June 11-12, with NewLake presenting on June 12 [2] - NewLake will also participate in Cannabis Europa London on June 24-25, focusing on cannabis finance in Europe during a panel on June 24 [2]