NewLake Q3 revenue $11.5M, AFFO $10.1M; Rev Clinics lease amended; Calypso missed rent

NewLake Capital Partners, Inc.

2023-Q3 EPS reported $0.83 revenue$34,283,000

Q3 revenue $11.5M (-4.9% YoY); net income $6.0M; FFO $9.6M; AFFO $10.1M (-5.1%).
Reaffirmed FY 2023 AFFO guidance $39.8-$40.8M; Q3 dividend $0.39/share (81.6% AFFO payout).
Repurchased 608,152 shares in Q3 at avg $13.02; board added $10M to buyback, extended to Dec 2024.
Lease amendment with Revolutionary Clinics extended 5 years; received $480K unpaid rent; got 9.95% warrants.
Calypso missed Oct rent but resumed Nov; sold Palmer, MA facility for $2.0M (break-even).

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, 2023 results: revenue $11.5 million, net income $6.0 million.

Period: the third quarter ended September 30, 2023
Revenue: $11.5 million
Net income: $6.0 million
Result: reported results

Exact text from the filing

"Securities Act") or the Exchange Act. --- EX-99.1 (EX-99.1) --- -1 NewLake Capital Partners Reports Third Quarter 2023 Financial Results Third Quarter 2023 Revenue Totaled $11.5 Million Third Quarter 2023 Net Income Attributable to Common Stockholders Totaled $6.0 Million, Funds from Operations Totaled $9.6 Million, and Adjusted Funds from Operations Totaled

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Source: SEC EDGAR

accession 0001854964-23-000038

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