)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
NewLake Capital Partners
NewLake Capital Partners (NLCP) investor relations material
NewLake Capital Partners Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 revenue was $12.024M, common-stockholder net income was $4.176M, diluted FFO was $9.968M and diluted AFFO was $10.332M; YTD contractual rent collection was 99.7%.
Quarter-end cash was $17.9M with no revolver borrowings after $7.6M of Q3 repayments; three cultivation facilities remained available for lease, weighing on rental income and adding carrying costs.
Financial highlights
Q3 revenue declined 4.5% YoY to $12.024M; net income attributable to common stockholders was $4.176M, or $0.20 diluted EPS, versus $6.666M and $0.32.
Q3 diluted FFO was $9.968M, or $0.47/share, and AFFO was $10.332M, or $0.49/share; 9M FFO was $29.558M and AFFO was $30.683M.
9M revenue was $36.420M versus $38.728M; common-stockholder net income was $15.846M versus $20.282M, and operating income was $16.485M versus $20.972M.
Q3 rental income fell $0.5M YoY; rent escalators and Ohio improvement-allowance rent partly offset vacancies in Fitchburg, Sparks and Pottsville.
Outlook and guidance
AFFO growth levers include 2.6% average annual rent escalators, $3.25M of committed tenant-improvement capital, leasing available properties and new sale-leasebacks, build-to-suit projects or acquisitions.
Three vacant cultivation properties totaling 240K square feet in Pennsylvania, Nevada and Massachusetts were actively marketed for lease; interest included cannabis and non-cannabis operators.
Cash from operations, cash on hand and available revolver capacity were expected to cover the next 12 months of operating needs, dividends and required LPI distributions.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from NewLake Capital Partners
- Rental growth and $134.2 million liquidity face tenant and cannabis-market risks.NLCP
Q4 2022 - Record FY diluted AFFO of $40.654 million and a higher Q1 dividend capped 2023 growth.NLCPQ4 2023
- Long leases, zero debt and regulatory catalysts underpin growth and a potential uplisting.NLCPPlanet MicroCap Showcase: Toronto 2026
- Zero debt, full year-to-date rent collection and nearly 12 years of lease duration.NLCPLD Micro 20th Annual Main Event Conference
- Q2 2026 revenue was $12.1M, net income $5.9M, with strong liquidity and stable dividends.NLCPQ2 2026
- Disciplined cannabis REIT leverages regulatory shifts and quality underwriting for stable, high yields.NLCPPlanet MicroCap Las Vegas 2026
- Board reelections and auditor ratification approved; no shareholder questions or proposals.NLCPAGM 2026
- Q3 2024 revenue rose 9.3% to $12.6M, with strong AFFO, liquidity, and a 10% dividend yield.NLCPQ3 2024
- AFFO per share up 10%, dividends up 8.3%, and portfolio fully leased despite industry headwinds.NLCPQ4 2024
Next NewLake Capital Partners earnings date
Q4 20264 Mar, 2027
NewLake Capital Partners
Next NewLake Capital Partners earnings date
Q4 20264 Mar, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
NewLake Capital Partners is a leading provider of real estate capital to state-licensed cannabis operators, including dispensaries, cultivation and processing companies and property landlords. Their investment team uses a proven set of criteria to identify top-tier transactions and ensure only strong investment opportunities are considered for NewLake’s portfolio, which currently totals over $200 million.