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.
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NewLake Capital Partners, Inc. (OTCQX: NLCP) has announced it will report its financial results for the first quarter ended March 31, 2023, during a conference call on May 10, 2023, at 11:00 a.m. ET. The company specializes in providing real estate capital to state-licensed cannabis operators, utilizing sale-leaseback transactions and funding for build-to-suit projects. NewLake’s portfolio consists of 32 cultivation facilities and dispensaries leased on a triple-net basis. Interested parties can access the call via a live dial-in or webcast, with a replay available until May 24, 2023. Further information can be found on their Investor Relations website.
NewLake Capital Partners (OTCQX: NLCP) has promoted Jarrett Annenberg to Senior Vice President, Head of Investments, effective immediately. A co-founder of NewLake, Annenberg has played a crucial role in the company's growth since its inception in 2019, handling acquisitions, portfolio management, and capital raising. His previous experience includes a decade at CBRE, where he managed significant real estate transactions valued over $1 billion. NewLake, a leading real estate investment trust serving state-licensed cannabis operators, owns 32 cultivation facilities and dispensaries leased on a triple-net basis.
NewLake Capital Partners (OTCQX: NLCP), a key player in providing real estate capital to licensed cannabis businesses, has announced participation in several upcoming investor conferences in April 2023. The events include:
- GlobeSt. Net Lease Spring 2023 Conference, New York, NY on April 4.
- Sequire Cannabis & Psychedelics Virtual Conference on April 5.
- Benzinga Cannabis Capital Conference, Miami, FL on April 11.
These conferences will focus on crucial industry topics, including REITs' impact and debt financing in cannabis. Interested parties can register online or schedule one-on-one meetings with the management team.
NewLake Capital Partners reported a 35.7% increase in fourth quarter revenue to $12.2 million and a 59.6% surge in full year revenue to $44.8 million for 2022. Net income for Q4 2022 was $6.7 million, up from $4.3 million year-over-year. For the full year, net income reached $22.0 million, compared to $11.2 million in 2021. Funds from operations (FFO) for Q4 rose 51.3% to $10.5 million, while AFFO increased by 52.0% to $10.9 million. The dividend for Q1 2023 is set at $0.39 per share, maintaining an annualized rate of $1.56.
NewLake Capital Partners (OTCQX: NLCP) will host a conference call to discuss its fourth quarter and full year 2022 financial results on March 9, 2023, at 10:00 AM ET. The call will be accessible via phone and webcast, with a replay available until March 23, 2023. NewLake specializes in providing real estate capital to state-licensed cannabis operators through leaseback transactions and has a diversified portfolio including 32 cultivation facilities and dispensaries. Additional details can be found on their website.