secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001854964-23-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000185496423000038/0001854964-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000185496423000038/nclp-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001854964-23-000038

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