Welcome to our dedicated page for Newlake Capital news (Ticker: NLCP), a resource for investors and traders seeking the latest updates and insights on Newlake Capital stock.
NewLake Capital Partners, Inc. (OTCQX: NLCP) is an internally managed real estate investment trust that provides real estate capital to state-licensed cannabis operators. The NLCP news page on Stock Titan aggregates company-issued updates, earnings announcements, and other public communications so readers can follow developments affecting this cannabis-focused real estate owner.
NewLake regularly publishes quarterly financial results, including revenue, net income attributable to common stockholders, Funds From Operations (FFO), and Adjusted Funds From Operations (AFFO). These releases often highlight portfolio performance, tenant conditions, investment activity in cultivation and dispensary properties, and details on its revolving credit facility and liquidity.
Investors can also track dividend declarations on NewLake’s common stock, as the company announces quarterly cash dividends and discusses payout ratios relative to AFFO. In addition, NewLake issues news about investment transactions, such as acquisitions of dispensary properties, like-kind exchanges, and build-to-suit funding commitments for tenants including Cresco Labs, Curaleaf, and C3 Industries.
The news flow includes updates on tenant situations, such as restructuring processes or receiverships involving tenants like AYR Wellness Inc. and Revolutionary Clinics, along with NewLake’s responses, including applying security deposits and marketing vacated properties for lease. The company also announces participation in investor conferences and industry events, as well as scheduling details for earnings calls and webcasts.
By reviewing this NLCP news feed, readers can see how NewLake communicates about its cannabis-related real estate portfolio, tenant dynamics, capital structure, and dividend practices. Bookmark this page to access a consolidated view of the company’s press releases and public updates over time.
NewLake Capital Partners (OTCQX: NLCP), a key provider of real estate capital to state-licensed cannabis operators, has announced its participation in the upcoming Sidoti Virtual Investor Conference scheduled for March 19-20, 2025.
The company's President and CEO, Anthony Coniglio, will deliver a presentation on Thursday, March 20, 2025, from 10:00-10:30 A.M. ET in Track 5. Investors can access the presentation through a webcast link provided by the company. Additionally, interested parties can arrange one-on-one meetings with NewLake's management team by contacting KCSA Strategic Communications.
NewLake Capital Partners (NLCP) reported its Q4 and full-year 2024 financial results, showing mixed performance. Full-year revenue increased 6.0% to $50.1 million, while Q4 revenue decreased 3.9% to $12.5 million year-over-year.
Key 2024 metrics include:
- Net income of $26.1 million
- Funds From Operations (FFO) of $41.3 million, up 5.1%
- Adjusted FFO of $43.7 million, up 7.5%
- Cash and equivalents of $20.2 million
The company declared a Q1 2025 dividend of $0.43 per share. Notable challenges include tenant issues with Revolutionary Clinics entering receivership and paying only 50% of contractual rent from June-December 2024, and Calypso Enterprises defaulting on rent payments from September-December 2024. The company maintains strong liquidity of $102.6 million and low leverage with 1.6% debt to total gross assets.
NewLake Capital Partners (OTCQX: NLCP), a provider of real estate capital to state-licensed cannabis operators, has announced its upcoming fourth quarter and full year 2024 earnings conference call scheduled for March 6, 2025, at 11:00 a.m. ET.
The company will present its financial results for the period ended December 31, 2024. Interested participants can join via phone at 1-877-407-3982 (U.S. Toll-Free) or 1-201-493-6780 (International), or through the webcast. A replay will be available until March 20, 2025, accessible by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) with pin number 13751207.
NewLake Capital Partners (OTCQX: NLCP) has disclosed the tax characteristics of its 2024 dividend distributions. The company distributed a total of $1.70 per share across four quarterly payments, with the following breakdown:
- $1.47 per share classified as Section 199A dividends (included in ordinary dividends)
- $0.23 per share classified as return of capital
- No qualified dividends or capital gains distributions
The quarterly distributions were:
- Q1: $0.41 per share (paid April 15)
- Q2: $0.43 per share (paid July 15)
- Q3: $0.43 per share (paid October 15)
- Q4: $0.43 per share (paid January 15, 2025, but taxable in 2024)
NewLake Capital Partners (OTCQX: NLCP), a key provider of real estate capital to state-licensed cannabis operators, has announced its participation in the inaugural LD Micro Summit. The event will take place on February 3-4, 2025, at the Lago Mar Beach Resort & Club in Fort Lauderdale, Florida.
Anthony Coniglio, President and CEO, is scheduled to present on Tuesday, February 4, 2025, at 1:20 p.m. ET in the Lakeview Room. Interested parties can arrange one-on-one meetings with NewLake's management team by contacting KCSA Strategic Communications via email at NewLake@KCSA.com.
NewLake Capital Partners (OTCQX: NLCP) announced two significant developments: the appointment of Dina Rollman to its Board of Directors and the declaration of a Q4 2024 dividend. Rollman's appointment expands the board to eight members, preparing for Peter Kadens' planned retirement in June 2025. The company declared a Q4 2024 cash dividend of $0.43 per share, payable on January 15, 2025, equivalent to an annualized dividend of $1.72 per share.
Rollman brings significant cannabis industry experience as the current CEO of Powr Plant Inc. and former Senior VP for Government Affairs at Green Thumb Industries. Her expertise in legal and regulatory affairs is expected to be valuable as NewLake navigates the evolving cannabis industry landscape.
NewLake Capital Partners (OTCQX: NLCP), a provider of real estate capital to cannabis operators, announced its participation in the 13th Annual MJ Biz Conference. CEO Anthony Coniglio will present at a panel discussion titled 'How to Finance Real Estate for Your Cannabis Business' on December 3, 2024, at 3:15 p.m. PT. The event will be held at the Las Vegas Convention Center.
The presentation will be available for viewing after the event on NewLake's Investor Relations website. Interested parties can schedule one-on-one meetings with management through KCSA Strategic Communications.
NewLake Capital Partners (NLCP) reported Q3 2024 financial results with revenue of $12.6 million, up 9.3% year-over-year. Net income attributable to common stockholders was $6.4 million, with FFO of $10.3 million and AFFO of $10.8 million. The company declared a Q3 dividend of $0.43 per share, equivalent to an annual dividend of $1.72 per share, with an 84% payout ratio. Cash and cash equivalents stood at $19.8 million, with $12.2 million committed to building improvements. The company collected 97% of contractual rent during the quarter, though facing challenges with two tenants: Revolutionary Clinics paying 50% of contractual rent and Calypso Enterprises missing September and October payments.
NewLake Capital Partners, Inc. (OTCQX: NLCP), a leading provider of real estate capital to state-licensed cannabis operators, has announced its plans to host a conference call and report financial results for the third quarter ended September 30, 2024. The earnings call is scheduled for Thursday, November 14, 2024, at 11:00 a.m. Eastern Time.
Interested parties can join the live call by dialing 1-877-407-3982 (U.S. Toll-Free) or 1-201-493-6780 (International). A webcast of the call will also be available. For those unable to join the live call, a dial-in replay will be accessible until November 28, 2024, using the numbers 1-844-512-2921 (U.S. Toll Free) or 1-412-317-6671 (International) with the replay pin number: 13748695.
NewLake Capital Partners, a leading provider of real estate capital to state-licensed cannabis operators, has announced its participation in two upcoming investor conferences in October 2024. The company will be present at the Benzinga Cannabis Capital Conference in Chicago from October 8-9, where management will participate in a panel discussion on 'Cannabis Financing 101' on October 8th at 2:00 p.m. ET.
Additionally, NewLake will attend the LD Micro Main Event XVII in Los Angeles from October 28-30, with a presentation scheduled for October 30th at 12:00 p.m. ET. Both events will feature webcasts available on the company's investor relations website. Interested parties can schedule one-on-one meetings with NewLake's management team through conference representatives or by contacting KCSA Strategic Communications.