secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001854964-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000185496423000004/0001854964-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000185496423000004/nclp-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001854964-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer