NLCP · NewLake Capital Partners, Inc.
Market Cap
$307.07M
Shares
20.58M
Volume · Oct 2
87.7K
Avg daily vol (3M)
69.47K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$14.10
Open$14.21
Day$14.00–14.26
52W close$12.24–16.36
Avg vol 30d81K
Short int22K · 0.1% float · 1.0d
Short vol23%
Last earningsAug 6, 2026
DataAug 2021–Oct 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 4 wks
filed Aug 6, 2026
call held Aug 6, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$49.33M
Trailing 12 months
Net income (TTM)
$24.37M
Trailing 12 months
Revenue growth YoY
-6.5%
Year over year
Operating margin
51.4%
Trailing 12 months
P / E (TTM)
11.8
Trailing earnings · reciprocal yield 8.4%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$25.76M
Latest balance sheet
Dividend yield
12.2%
Trailing 12 months
Shares change YoY
+0.2%
Year over year · more shares
Price change (1Y)
+7.6%
Trailing year
Short interest
0.1%
Latest settlement · 1.0 days to cover
AI Brief
Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26
TL;DR. NewLake reported Q2 results largely flat year-over-year with revenue down 6.5% to $12.1M and AFFO down 10.4% to $10.3M due to vacant cultivation properties, while extending its credit facility to 2029 at lower rates and closing a $2.1M Kentucky dispensary acquisition.
Bullish
- + Extended and repriced $90M revolving credit facility, lowering the rate by 100 bps and pushing maturity to May 2029.
- + Closed a $2.1M Kentucky dispensary acquisition leased to C3 Industries, expanding into a new state.
- + Negotiated an additional Canopy USA parent guarantee on the Acreage lease.
- + Collected 100% of contractual rent during Q2, with Cannabist current through August.
Bearish
- − Q2 revenue fell 6.5% YoY to $12.1M, driven by three vacant cultivation properties.
- − Tenant Cannabist remains in Canadian CCAA/Chapter 15 restructuring, creating uncertainty over four leased properties.
- − Three cultivation properties (Massachusetts, Pennsylvania, Nevada) remain vacant with no lease agreements signed.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Low
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−7%
below
Price vs 50-day avg
−9%
below
RSI (14)
21
oversold
MACD trend
Negative
52-week position
45%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−10%
trailing
6-month return
−3%
trailing
YTD return
−11%
this year
Relative strength
−16%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $15 › 200d $15 — 50d above 200d
Institutional flow
Accumulating
+200% holders QoQ · +2 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
0.11% of float · ▲ +0.3% MoM · 1.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
3 holders — mid 3-yr range
Squeeze score
29
low risk · 0–100
Fundamentals
Revenue growth
+2%
Y/Y
EPS growth
+1%
Y/Y
Buyback
$8.2M
remaining
Quant / Vol
risk profile
Volatility
22%
annualized · 1-yr
Max drawdown
−15%
past year
ATR
2.3%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−7%
Bearish
Price vs 50-day avg
−9%
Bearish
RSI (14)
21
Neutral
MACD trend
Negative
Bearish
52-week position
45%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $15 › 200d $15 — 50d above 200d
Institutional flow
Accumulating
+200% holders QoQ · +2 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
0.11% of float · ▲ +0.3% MoM · 1.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
3 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $12
Now $14 · 45%
Range high $16
vs 200-day avg -7%
vs 50-day avg -9%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Percentage of rental income from C3 Industries | 8% | Three Months Ended June 30, 2026 filing | — |
| Percentage of rental income from Cresco Labs | 15% | Three Months Ended June 30, 2026 filing | — |
| Percentage of rental income from Curaleaf | 26% | Three Months Ended June 30, 2026 filing | — |
| Percentage of rental income from Florida | 21% | Three Months Ended June 30, 2026 filing | — |
| Percentage of rental income from Illinois | 20% | Three Months Ended June 30, 2026 filing | — |
| Percentage of rental income from Massachusetts | 9% | Three Months Ended June 30, 2026 filing | — |
| Percentage of rental income from Missouri | 12% | Three Months Ended June 30, 2026 filing | — |
| Percentage of rental income from Pennsylvania | 25% | Three Months Ended June 30, 2026 filing | — |
| Percentage of rental income from The Cannabist Company | 8% | Three Months Ended June 30, 2026 filing | — |
| Percentage of rental income from Trulieve | 12% | Three Months Ended June 30, 2026 filing | — |
| AFFO Attributable to Common Stockholders - Diluted non-GAAP | 20.35M | Six Months Ended June 30, 2026 | — |
| AFFO Payout Ratio | 88% | Q2 2026 | — |
| AFFO per share – Diluted non-GAAP | $0.97 | Six Months Ended June 30, 2026 | — |
| Annual Rent Escalations | 2.6% | As of June 30, 2026 | — |
| Available Credit Facility | $82M | As of June 30, 2026 | — |
| Debt to Gross Assets | 1.6% | As of June 30, 2026 | — |
| Dividend Growth Since IPO | 79% | Q2 2026 vs. Q3 2021 | — |
| FFO Attributable to Common Stockholders - Diluted non-GAAP | 19.59M | Six Months Ended June 30, 2026 | — |
| FFO per share – Diluted non-GAAP | $0.93 | Six Months Ended June 30, 2026 | — |
| G&A Ratio | 1.5% | As of June 30, 2026 | — |
| Leased Properties | 32 | As of June 30, 2026 | — |
| Outstanding Debt | $7.6M | As of June 30, 2026 | — |
| Owned Properties | 35 | As of June 30, 2026 | — |
| Square Feet | 1.7M | As of June 30, 2026 | — |
| Weighted Average Remaining Lease Term | 11.6 | As of June 30, 2026 | — |
| Wtd. Avg. Yield | 13.2% | As of June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Specialty — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NLCP
this stock
NewLake Capital Partners, Inc.
|
$307.07M | -11.5% | +1.9% | 12.5 | 0.1% |
|
EQIX
Equinix Inc
|
$99.47B | +33.9% | +7.8% | 64.9 | 1.7% |
|
AMT
American Tower Corp /Ma/
|
$77.54B | -7.6% | +5.1% | 22.9 | 1.3% |
|
DLR
Digital Realty Trust, Inc.
|
$62.83B | +15.4% | +10.0% | 47.0 | 2.4% |
|
IRM
Iron Mountain Inc
|
$33.16B | +36.7% | +8.3% | 79.0 | 2.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NLCP | -5.5% | -9.8% | -3.4% | -4.3% | -11.5% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -5.3% | -9.3% | -15.5% | -5.3% | -24.3% |
Capital returns
Latest dividend
$0.43
/ share · ex Sep 30, 2026
Paid (TTM)
$1.72
/ share · 4 payouts
Dividend yield (TTM, derived)
12.20%
Buyback program
· as of Jun 30, 2026
Authorized
$10.00M
Spent (derived)
$1.80M
Remaining
$8.20M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.