None
EN
NewLake Capital Partners Q2 Earnings Call Highlights
['Sarita Garza']
Markets Daily
NewLake Capital Partners (OTCMKTS:NLCP) reported second-quarter revenue of $12.1 million, down from $12.9 million a year earlier, as vacant cultivation properties reduced rental income and added carrying costs.
As of June 30, NewLake had $25.8 million in cash and $7.6 million outstanding under its $90 million credit facility.
NewLake leases four properties to the company: dispensary and cultivation facilities in both Illinois and Massachusetts.
About NewLake Capital Partners (OTCMKTS:NLCP)NewLake Capital Partners, Inc is a publicly traded real estate investment trust that focuses on the acquisition, development and operation of self-storage properties across the United States.
By structuring investments through its operating partnership, NewLake delivers a REIT structure to investors while maintaining operational flexibility on the ground.