earnings
confidence high
sentiment neutral
materiality 0.60
NewLake Capital Q3 revenue $12.6M (+9.3% YoY), AFFO $10.8M, declares $0.43 dividend
NewLake Capital Partners, Inc.
2024-Q3 EPS reported
$0.98
revenue$37,618,000
- Revenue $12.6M (+9.3% YoY); net income $6.4M vs $6.0M YoY.
- AFFO $10.8M (+6.7% YoY); FFO $10.3M (+6.5% YoY).
- Q3 dividend $0.43/share ($1.72 annualized), payout ratio 84% of AFFO.
- Rent collection ~97%; Revolutionary Clinics paying 50% of rent; Calypso missed Sept/Oct, escrow applied.
- Cash $19.8M, $12.2M committed for improvements; $7.6M drawn on credit facility.