NewLake Q4 revenue $12.2M (+36% YoY), full-year revenue $44.8M (+60%); declares $0.39 dividend

NewLake Capital Partners, Inc.

Q4 net income $6.7M; FFO-diluted $10.5M (+51%); AFFO-diluted $10.9M (+52%).
Full-year net income $22.0M; FFO $35.2M (+79%); AFFO $38.7M (+78%).
Declared Q1 2023 dividend $0.39/share; 2022 total dividends $1.44/share (+41% YoY).
Rent collection issue: tenant Revolutionary Clinics unpaid in Q1; portfolio collection seen at 90-93%.
Share repurchase program up to $10M authorized Nov 2022; cash $45.2M at Dec 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

NewLake Capital Partners, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue $12.2 million, net income $6.7 million.

Period: the fourth quarter and year ended December 31, 2022
Revenue: $12.2 million
Net income: $6.7 million
Result: reported results

Exact text from the filing

Partners Reports Fourth Quarter and Full-Year 2022 Financial Results; Declares First Quarter 2023 Common Stock Dividend of $0.39 per Share Fourth Quarter 2022 Revenue Totaled $12.2 Million, an increase of 35.7% Year-Over-Year Full Year 2022 Revenue Totaled $44.8 Million, an increase of 59.6% Year-Over-Year Fourth Quarter 2022 Net Income Attributable to Common

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NewLake Capital Partners, Inc. filing history →

Source: SEC EDGAR

accession 0001854964-23-000004

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