NewLake Capital Partners Declares First Quarter 2022 Common Stock Dividend
NewLake Capital Partners, Inc. (OTCQX: NLCP) announced a cash dividend of $0.33 per share for Q1 2022, marking the fourth consecutive increase. This equates to an annualized dividend of $1.32 per share. The dividends will be payable on April 14, 2022 to stockholders recorded by March 31, 2022. NewLake provides capital for state-licensed cannabis operators through sale-leaseback transactions and owns 28 cultivation facilities and dispensaries on a triple-net lease basis.
- Declared a cash dividend of $0.33 per share, a 4th consecutive increase.
- Annualized dividend now at $1.32 per share, enhancing shareholder returns.
- Strong portfolio of 28 cultivation facilities and dispensaries leased on a triple-net basis.
- None.
NEW CANAAN, Conn., March 15, 2022 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that its board of directors has declared a first quarter 2022 cash dividend of
The dividend is equivalent to an annualized dividend of
About NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 28 cultivation facilities and dispensaries that are leased to single tenants on a triple-net basis, and has provided one loan collateralized by a cultivation facility structured to convert to a sale-leaseback unless specific provisions are met by July 29, 2022. For more information, please visit https://www.newlake.com/
Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements can be identified by words like “may,” “will,” “likely,” “should,” “expect,” “anticipate,” “future,” “plan,” “believe,” “intend,” “goal,” “project,” “continue” and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs and expectations. Forward-looking statements, including statements regarding the timing of settlement and the use of proceeds of the initial public offering, are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, changes in the condition of the U.S. economy and, in particular, the U.S. real estate market.
Investor Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
Valter@KCSA.com
PH: (212) 896-1254
Media Contact:
McKenna Miller
KCSA Strategic Communications
MMiller@kcsa.com
PH: (212) 896-1254
FAQ
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