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]

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]

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]