secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001854964-24-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000185496424000025/0001854964-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000185496424000025/nclp-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001854964-24-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer