NewLake Q1 revenue $11.4M (+12.3% YoY); net income $5.9M; tenant non-payment weighs

NewLake Capital Partners, Inc.

2023-Q1 EPS reported $0.27 revenue$11,416,000

Revenue $11.4M, up 12.3% YoY but down 6.8% sequentially due to one non-paying tenant.
Net income $5.9M; FFO $9.5M; AFFO $9.9M; AFFO payout ratio 86% on $0.39 dividend.
Repurchased 49,307 shares at avg $12.63; $9.4M remaining under $10M buyback program.
Non-performing tenant failed to pay rent; applied $315K security deposit; in negotiations.
Acquired adjacent Missouri parcel for $350K; committed $16.2M tenant improvements for expansion.

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 0.9

NewLake Capital Partners, Inc. reported first quarter ended March 31, 2023 results: revenue $11.4 Million, net income $5.9 Million.

Period: first quarter ended March 31, 2023
Revenue: $11.4 Million
Net income: $5.9 Million
Result: reported results

Exact text from the filing

NewLake Capital Partners Reports First Quarter 2023 Financial Results First Quarter 2023 Revenue Totaled $11.4 Million, an increase of 12.3% Year-Over-Year First Quarter 2023 Net Income Attributable to Common Stockholders totaled $5.9 Million, Funds From Operations totaled $9.5 Million, and Adjusted Funds From Operations totaled $9.9 Million

View on SEC.gov

Browse all earnings releases →

NewLake Capital Partners, Inc. filing history →

Source: SEC EDGAR

accession 0001854964-23-000014

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.