earnings
confidence high
sentiment positive
materiality 0.65
NewLake Q2 revenue $6.7M, net income $2.7M; closed $102M IPO in August
NewLake Capital Partners, Inc.
- Q2 2021 revenue $6.7M (vs $2.1M YoY); net income $2.7M or $0.16 per share (vs $0.3M).
- AFFO $4.9M ($0.28/share); FFO $4.8M ($0.27 diluted). Cash at June 30: $76.5M.
- Closed IPO on Aug 13, 2021: 3.9M shares at $26.00, gross proceeds ~$102M.
- Declared special dividend of $2.1M ($0.12/share) payable in August 2021.