NewLake Q1 revenue $12.6M (+10.4% YoY); AFFO $11.0M; dividend raised to $0.41/quarter

NewLake Capital Partners, Inc.

2024-Q1 EPS reported $0.33 revenue$12,608,000

Revenue $12.6M, up 10.4% YoY; net income $6.9M vs $5.9M YoY.
FFO $10.6M (+10.8% YoY); AFFO $11.0M (+10.6% YoY).
Quarterly dividend increased to $0.41/share ($1.64 annualized); AFFO payout ratio 78.3%.
Cash $21.5M; $6.5M in unfunded TI commitments; $4.0M drawn on $90M revolver.
Post-quarter: acquired CT cultivation facility for ~$4M with $12M TI commitment.

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, 2024 results: revenue $12.6 million, net income $6.9 million.

Period: first quarter ended March 31, 2024
Revenue: $12.6 million
Net income: $6.9 million
Result: reported results

Exact text from the filing

NewLake Capital Partners Reports First Quarter 2024 Financial Results First Quarter 2024 Revenue Totaled $12.6 Million, an increase of 10.4% Year-Over-Year First Quarter 2024 Net Income Attributable to Common Stockholders Totaled $6.9 Million

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NewLake Capital Partners, Inc. filing history →

Source: SEC EDGAR

accession 0001854964-24-000025

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