NewLake Capital Q4 revenue $9.0M (+122% YoY); AFFO $7.0M; dividend raised to $0.33/quarter

NewLake Capital Partners, Inc.

Revenue $9.0M Q4 2021 (+12% sequentially, +122% YoY); full-year revenue $28.2M (+142% YoY).
Q4 net income attributable to common stockholders $4.3M (vs $2.9M prior year); FY net income $11.2M (vs -$10.7M).
Q4 FFO $6.8M and AFFO $7.0M; FY 2021 FFO $19.1M and AFFO $21.0M.
Invested $50M: acquired Missouri property leased to Organic Remedies and provided $30M loan to HDAI (PA).
Declared Q1 2022 dividend $0.33/share ($1.32 annualized), payable April 14, 2022 to holders of record March 31.

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