NewLake Capital Partners, Inc.

NewLake Capital Partners, Inc. is an internally managed real estate investment trust (REIT) that specializes in providing real estate capital to state-licensed cannabis operators. The company's core business involves acquiring industrial and retail properties through sale-leaseback transactions, third-party purchases, and funding for build-to-suit projects. Headquartered in New Canaan, CT, NewLake Capital Partners was originally incorporated in April 2019 as GreenAcreage Real Estate Corp. and adopted its current name in March 2021 following a merger.

The company's services are tailored to the legal cannabis industry, where it acquires properties such as cultivation facilities and dispensaries. These properties are primarily leased to single tenants under long-term, triple-net lease agreements, which obligate the tenants to cover ongoing property expenses in addition to rent. As of April 2026, NewLake Capital Partners owns a portfolio of 34 properties, comprising 15 cultivation facilities and 19 dispensaries, across multiple states.

Anthony Coniglio serves as the President and Chief Executive Officer, a role he assumed in July 2022, having previously been President and Chief Investment Officer since March 2021. Gordon DuGan is the Chairman of the Board. NewLake Capital Partners is positioned as a leading provider of real estate capital in the cannabis sector, benefiting from the regulatory landscape where traditional financial institutions often hesitate to lend to cannabis businesses. The company reported strong fourth-quarter and full-year 2025 financial results in March 2026, exceeding analyst expectations, and declared a first-quarter 2026 common stock dividend of $0.43 per share.