NewLake Capital Q3 revenue $8.1M (+135% YoY); AFFO $0.31; IPO $102M closed; post-Q3 $30M loan

NewLake Capital Partners, Inc.

2021-Q3 EPS reported $0.44 revenue$19,083,000

Revenue $8.1M, up 22% sequential and 135% YoY; net income $2.7M vs loss of $14.6M in Q3 2020.
FFO $5.2M ($0.27/share); AFFO $6.0M ($0.31/share) for Q3 2021.
Closed IPO in Aug 2021, raising $102M gross proceeds; cash and equivalents $167.8M at Sep 30.
Declared and paid partial Q3 dividend of $0.12/share for post-IPO period and pre-IPO $0.12/share.
Post-quarter: $30M secured loan to Hero Diversified Associates, convertible to 20-year sale-leaseback.

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