NewLake Capital FY2024 revenue $50.1M (+6% YoY), AFFO $43.7M (+7.5%), declares $0.43 Q1 dividend

NewLake Capital Partners, Inc.

Q4 rev $12.5M vs $13.0M YoY; net income $6.0M; AFFO $10.9M vs $10.8M (+1.8%).
Full-year rev $50.1M (+6.0%), net income $26.1M, FFO $41.3M (+5.1%), AFFO $43.7M (+7.5%).
Annual dividend raised to $1.70/share (+8.3% YoY); Q1 2025 dividend $0.43/share declared.
Tenant issues: Revolutionary Clinics receivership ($522K warrant impairment), Calypso non-payment ($1.2M escrow applied).
Debt to total assets 1.6%; no maturities until May 2027; $50M ATM program established (no shares issued).

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