Brief: NewLake Capital Q2 Net Income USD 7.3 Million

Newlake Capital Partners

06/08/2025 22:01

Overview

NewLake Capital Q2 revenue rises 3.8% yr/yr, beating analyst expectations, per LSEG data

Net income for Q2 rises to $7.3 mln, beating analyst estimates

Adjusted FFO for Q2 rises to $11.5 mln

Outlook

Company notes ongoing challenges in cannabis industry

NewLake Capital maintains disciplined execution despite cannabis industry challenges

Company does not provide specific financial guidance for future quarters in its press release

Result Drivers

STABLE BUSINESS MODEL - CEO Anthony Coniglio attributes revenue and AFFO growth to the stability of NewLake's business model despite cannabis industry challenges

DISCIPLINED EXECUTION - The company maintained a 79% AFFO payout ratio, reflecting disciplined execution

REVENUE GROWTH - Revenue increased by 3.8% year-over-year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$12.90 mln
$12.60 mln (3 Analysts)
Q2 Net Income
Beat
$7.30 mln
$6.25 mln (3 Analysts)
Q2 Adjusted FFO
$11.50 mln
Q2 FFO
$11.40 mln
Q2 Dividend
$0.43


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for Newlake Capital Partners Inc is $16.00, about 12.8% above its August 5 closing price of $13.96

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX5l3JQM

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)