NewLake Capital Q2 FY26 net income drops 19.4% to $5.9 million; revenue falls 6.5% to $12.1 million

Reuters2026/08/05 22:56

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Newlake Capital Partners posted Q2 revenue of USD 12.1 million, down 6.5% from a year earlier.
Net income attributable to common stockholders fell 19.4% to USD 5.9 million, or USD 0.29 per diluted share.
Funds from operations (non-GAAP) slipped 13.2% to USD 9.9 million, while AFFO (non-GAAP) dropped 10.4% to USD 10.3 million.
Management cited 100% collection of contractual rent, while revenue declines reflected lost rental income from three properties that became available for lease in 2025.
Subsequent to quarter-end, Newlake extended its USD 90 million revolving credit facility maturity to May 2029 and cut pricing to Prime from Prime plus 1.0%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newlake Capital Partners Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608051725PRIMZONEFULLFEED9804679) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NewLake Capital Q2 FY26 net income drops 19.4% to $5.9 million; revenue falls 6.5% to $12.1 million

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