secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001437749-21-026263
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000143774921026263/0001437749-21-026263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000143774921026263/nlcp20211111_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-026263

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer