NewLake Q3 revenue $12.1M (+50% YoY), AFFO $10.6M; authorizes $10M buyback

NewLake Capital Partners, Inc.

2022-Q3 EPS reported $0.71 revenue$32,618,000

Revenue $12.1M (up 15% QoQ, 50% YoY); net income $6.5M.
AFFO $10.6M (+75% YoY), FFO $10.3M; sixth straight quarterly dividend increase to $0.37/share.
Board authorized $10M stock repurchase program through Dec 31, 2023.
Acquired Calypso cultivation facility ($30M sale-leaseback) and Ohio dispensary ($1.6M); revolving credit facility expanded to $90M.
Cash $45M; $4.8M committed for tenant improvements; $65.4M invested in acquisitions YTD.

item 2.02 item 9.01 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NewLake Capital Partners, Inc. reported the third quarter ended September 30, 2022 results: revenue $12.1 million, net income $6.5 million.

Period: the third quarter ended September 30, 2022
Revenue: $12.1 million
Net income: $6.5 million
Result: reported results

Exact text from the filing

1933, as amended (the "Securities Act"). --- EX-99.1 (EX-99.1) --- -1 NewLake Capital Partners Reports Third Quarter 2022 Financial Results Third Quarter 2022 Revenue Totaled $12.1 Million, an Increase of 50% Year-Over-Year Third Quarter 2022 Net Income Attributable to Common Stockholders and Participating Securities totaled $6.5 Million FFO totaled $10.3 Million,

View on SEC.gov

Browse all earnings releases →

NewLake Capital Partners, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-029272

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.