NewLake Capital Partners Inc - NLCP STOCK NEWS

Welcome to our dedicated news page for NewLake Capital Partners (Ticker: NLCP), a resource for investors and traders seeking the latest updates and insights on NewLake Capital Partners.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NewLake Capital Partners's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NewLake Capital Partners's position in the market.

04/11/2024 05:50 PM

News

NewLake Capital Partners to Host First Quarter 2024 Earnings Call on May 9th at 11:00 a.m. ET

Rhea-AI Summary

NewLake Capital Partners, Inc. (NLCP) announces plans to host a conference call and report financial results for Q1 2024 on May 9, 2024. The company is a key player in providing real estate capital to state-licensed cannabis operators. Details for the call are available on the company's Investor Relations website.

Rhea-AI Impact

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End-of-Day

-0.84%

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04/01/2024 04:48 PM

News

NewLake Capital Partners Issues Statement on the Florida Supreme Court’s Decision on Amendment 3, the Cannabis Adult-Use Ballot Measure

Rhea-AI Summary

NewLake Capital Partners, Inc. (NLCP) CEO Anthony Coniglio praises Florida Supreme Court's decision to advance Amendment 3, the adult-use cannabis bill, to the November ballot. The measure, supported by 75% of Floridians, could lead to adult-use sales starting in May 2025. With Florida's medical cannabis sales surpassing $2.5 billion in 2023, the potential for a $6 billion adult-use market is significant. Tenants like Trulieve, Curaleaf, Cresco, AYR, and the Cannabist stand to benefit from this development, with NewLake providing essential real estate capital and support.

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End-of-Day

-0.66%

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03/21/2024 08:00 AM

News

NewLake Capital Partners to Participate in Upcoming April 2024 Investor Conferences

Rhea-AI Summary

NewLake Capital Partners, Inc. (NLCP) announces its participation in investor conferences in April 2024. The company will be present at LD Micro Invitational XIV on April 8-9 in New York and Benzinga Cannabis Capital Conference on April 16-17 in Florida. Management will discuss capital strategies and timing at these events.

Rhea-AI Impact

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End-of-Day

1.96%

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03/11/2024 08:30 AM

News

NewLake Capital Partners Reports Fourth Quarter and Full-Year 2023 Financial Results; Raises First Quarter 2024 Common Stock Dividend to $0.41 per Share

Rhea-AI Summary

NewLake Capital Partners, Inc. (NLCP) reported strong financial results for Q4 and full year 2023, with revenue increasing by 6.4% and 5.1% respectively. Net income, FFO, and AFFO also showed positive growth. The company repurchased shares and raised dividends. Operational highlights include 100% rent collection, stock repurchase program, and investments in cultivation facilities. Recent developments include lease amendments and increased dividends.

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Rhea-AI Sentiment

End-of-Day

1.12%

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02/28/2024 09:00 AM

News

NewLake Capital Partners to Present at the Sidoti Small-Cap Virtual Conference on March 13th

Rhea-AI Summary

NewLake Capital Partners, Inc. (NLCP) announces President and CEO, Anthony Coniglio, to present at the Sidoti Small-Cap Conference on March 13th and 14th. The company is a prominent provider of real estate capital to state-licensed cannabis operators.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-1.23%

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02/06/2024 09:00 AM

News

NewLake Capital Partners to Host Fourth Quarter and Full Year 2023 Earnings Call on March 11th at 11:00 a.m. ET

Rhea-AI Summary

NewLake Capital Partners, Inc. plans to host a conference call to report its financial results for the fourth quarter and full year ended December 31, 2023, on Monday, March 11, 2024. The call will be available via live webcast and dial-in replay for interested individuals unable to join. The company is a leading provider of real estate capital to state-licensed cannabis operators.

Rhea-AI Impact

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End-of-Day

-0.99%

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01/26/2024 09:00 AM

News

NewLake Capital Partners, Inc. Announces Tax Characteristics of 2023 Dividends

Rhea-AI Summary

NewLake Capital Partners, Inc. (NLCP) announced the tax treatment of its common stock dividends declared in 2023. The Federal Income Tax classification of the 2023 dividend distributions and the cash distributions made on January 12, 2024, are detailed. Stockholders are advised to consult their tax advisors regarding the U.S. federal, state, local, and foreign income, and other tax consequences.

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Rhea-AI Sentiment

End-of-Day

2.85%

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12/14/2023 04:14 PM

News

NewLake Capital Partners Increases Fourth Quarter 2023 Common Stock Dividend to $0.40 per Share and Provides Share Repurchase Program Update

Rhea-AI Summary

NewLake Capital Partners, Inc. (NLCP) increases Q4 2023 cash dividend to $0.40 per share, equivalent to an annualized dividend of $1.60 per common share. The company has acquired 908,394 shares of common stock and provides an update on its share repurchase program.

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Rhea-AI Sentiment

End-of-Day

-1%

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12/12/2023 01:41 PM

News

NewLake Capital CEO, Anthony Coniglio, to Participate in Fireside Chat with Zuanic and Associates on December 13th at 11 a.m. ET

Rhea-AI Summary

NewLake Capital Partners, Inc. (NLCP) to have CEO Anthony Coniglio participate in a fireside chat with Pablo Zuanic, Senior Equity Analyst and Managing Partner at Zuanic and Associates.

Rhea-AI Impact

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End-of-Day

-1.42%

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11/17/2023 08:30 AM

News

NewLake Tenant, Calypso Enterprises, Closes on Sale of the Company

Rhea-AI Summary

NewLake Capital Partners, Inc. (NLCP) announces the sale of Calypso Enterprises, a tenant, to Canvas Acquisition Corporation, LLC. NewLake will provide $3 million in tenant improvements and a six-month rent escrow under the revised lease agreement. Canvas has the option to purchase the property at NewLake’s cost basis from December 2024 through December 2025. The sale demonstrates the quality of the facility and business opportunity in limited license states, particularly Pennsylvania. Canvas's financial profile as the new lease guarantor is improved from HDAI.

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Rhea-AI Sentiment

End-of-Day

0.65%

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