NewLake Capital Partners Inc (OTCPK:NLCP)

Q2 2025 Newlake Capital Partners Inc Earnings Call Transcript

Aug 7, 2025 / 03:00 PM GMT

Release Date Price: $13.62 (-1.66%)

Transcript 10-Q8-K

Key Points

Positve

NewLake Capital Partners Inc (NLCP) reported a 3.8% year-over-year increase in total revenue for Q2 2025, reaching $12.9 million.
The company maintained a conservative payout ratio of 79%, providing flexibility to manage potential challenges.
NLCP successfully collected all rent due during the second quarter, despite the challenging cannabis industry climate.
The company has a strong balance sheet with $432.2 million in gross real estate assets and a low debt profile of 1.6% debt to total gross assets.
NLCP has ample liquidity with $104.3 million available, including $21.9 million in cash and $82.4 million in capacity under its revolving credit facility.

Negative

An emerging default with a tenant, Air Wellness, which represents approximately 5.9% of NLCP's annualized base rent, poses a risk.
Future quarters may be adversely impacted by restructuring activities at Air Wellness, with August rent payments not yet received.
The Massachusetts market is challenging, and re-leasing the Fitchburg facility may take time.
The cannabis industry continues to face headwinds due to the lack of federal reform and elevated levels of leverage.
There is a subdued level of demand for cultivation projects in the second half of 2025 compared to previous years.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NLCP.PK - Newlake Capital Partners Inc
Q2 2025 Newlake Capital Partners Inc Earnings Call
Aug 07, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the new Lake Capital Partners 2nd quarter 2025 conference call.

All participants will be in the listen-only mode. Should you need assistance, please signal the conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press then one on your telephone keypad.

To withdraw your question, you may press start then 2.

Please note, this event is being recorded.

I would now like to turn the conference over to Walter Pinto from Investor Relations. Please go ahead.

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