NewLake Q4 revenue $13.0M (+6.4% YoY); raises quarterly dividend to $0.41/share

NewLake Capital Partners, Inc.

Q4 2023 revenue $13.0M (+6.4% YoY); full-year revenue $47.3M (+5.1% YoY).
Q4 net income $7.0M; AFFO $10.8M; full-year AFFO $40.7M (+5.2% YoY).
Quarterly dividend raised to $0.41 (2.5% sequential, 5.1% YoY); payable April 15, 2024.
Repurchased 194,563 shares in Q4; total 908,394 shares in 2023 at avg $13.00.
Collected 100% of Q4 rent; reached lease amendments with Revolutionary Clinics and Calypso.

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, 2023 results: revenue $13.0 million, net income $7.0 million. Guidance raised.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $13.0 million
Net income: $7.0 million
Guidance: raised
Result: reported results

Exact text from the filing

Partners Reports Fourth Quarter and Full-Year 2023 Financial Results; Raises First Quarter 2024 Common Stock Dividend to $0.41 per Share Fourth Quarter 2023 Revenue totaled $13.0 Million, an increase of 6.4% Year-Over-Year Full Year 2023 Revenue totaled $47.3 Million, an increase of 5.1% Year-Over-Year Fourth Quarter 2023 Net Income Attributable to Common

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NewLake Capital Partners, Inc. filing history →

Source: SEC EDGAR

accession 0001854964-24-000004

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