earnings
confidence high
sentiment positive
materiality 0.80
NewLake Capital Q1 revenue $10.2M (+13% seq, +130% YoY); guides FY revenue $42-44M
NewLake Capital Partners, Inc.
2022-Q1 EPS reported
$0.23
revenue$10,166,000
- Revenue $10.2M (+13% vs Q4'21, +130% vs Q1'21); net income $5.0M; AFFO $8.1M.
- FY 2022 revenue guidance $42-44M; G&A $7.0-7.2M (ex-restructuring).
- Declared Q1 dividend of $0.33/share ($1.32 annualized), paid Apr 14, 2022.
- Acquired 40,000 sq ft cultivation facility in Missouri for $7.3M (part of $34M commitment) with triple-net lease.
- Entered $30M revolving credit facility in May 2022.