NewLake Q2 revenue $10.5M (+59% YoY), AFFO $8.7M, dividend raised, credit facility expanded to $90M

NewLake Capital Partners, Inc.

2022-Q2 EPS reported $0.41 revenue$20,545,000

Q2 2022 revenue $10.5M, +59% YoY; net income $3.8M; AFFO $8.7M.
Dividend raised to $0.35/share ($1.40 annualized), fifth consecutive increase.
Credit facility expanded from $30M to $90M in July 2022, with 5.65% fixed rate for 3 years.
Invested $28M in two cultivation facilities with a leading public MSO; $21M expansion with another.
Appointed Anthony Coniglio as CEO and Lisa Meyer as CFO; one-time $1.6M severance costs.

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