secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001854964-25-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000185496425000002/0001854964-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000185496425000002/nclp-20250305.htm
  HTML page:      https://secwatch.observer/filing/0001854964-25-000002

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