NEWLAKE CAP PARTNERS INC - NLCP STOCK NEWS

NewLake Capital Partners (OTCQX: NLCP) has announced the tax treatment for its 2022 dividends to assist stockholders with their tax reporting. Four dividends were declared with rates of $0.33, $0.35, $0.37, and $0.39, totaling $1.44 per share in ordinary dividends. Payment for the last dividend occurred on January 13, 2023, with a record date of December 30, 2022. These dividends are classified as income for tax purposes. Stockholders are advised to consult their tax advisors regarding specific tax implications based on their investment scenarios.

NewLake Capital Partners (OTCQX: NLCP) announced a fourth quarter 2022 cash dividend of $0.39 per share, marking an annualized total of $1.56 per share. This is the seventh consecutive increase, reflecting a 5.4% increase quarter-over-quarter and 25.8% year-over-year. The dividend will be paid on January 13, 2023, to shareholders of record by December 30, 2022.

NewLake specializes in providing real estate capital to state-licensed cannabis operators through diverse funding methods.

NewLake Capital Partners (OTCQX: NLCP) announced that CEO Anthony Coniglio will participate in two upcoming virtual investor conferences in December 2022. The first, Wolfe Research’s Consumer Growth Conference, is set for December 5 at 4:00 p.m. ET, focusing on cannabis capital and products. The second, Cowen’s 5th Annual Cannabis Conference, will take place on December 8 at 10:50 a.m. ET, discussing cannabis lending portfolios. NewLake is a real estate investment trust offering capital to state-licensed cannabis operators through various methods.

NewLake Capital Partners, a key player in providing real estate capital to state-licensed cannabis operators, will feature its CEO, Anthony Coniglio, in two investor conferences this November. The first event, MJ BizCon 2022, will take place on November 16 in Las Vegas, focusing on cannabis real estate investment opportunities. The second, Bisnow's National Cannabis Commercial Real Estate Summit, is slated for November 30. NewLake specializes in sale-leaseback transactions and owns a portfolio comprising 32 cultivation facilities and dispensaries.

NewLake Capital Partners reported a 50% year-over-year increase in revenue for Q3 2022, totaling $12.1 million. Net income reached $6.5 million, up from $2.7 million the previous year. Funds from operations (FFO) and adjusted funds from operations (AFFO) also improved significantly, showing increases of 75% and 75.3% year-over-year, respectively. The company announced a stock repurchase program of up to $10 million and declared a dividend of $0.37 per share, reflecting confidence in its portfolio. A conference call is scheduled for November 10, 2022.

NewLake Capital Partners (OTCQX: NLCP) is set to host a conference call on November 10, 2022, to report its financial results for the third quarter ending September 30, 2022. The call will take place at 10:00 a.m. Eastern Time and will be accessible via dial-in or webcast. NewLake specializes in providing real estate capital to state-licensed cannabis operators through various financial mechanisms, including sale-leaseback transactions. The company currently owns a portfolio of 31 cultivation facilities and dispensaries.

NewLake Capital Partners (OTCQX: NLCP) announced that CEO Anthony Coniglio will participate in the KCSA Cannabis Virtual Investor Conference on October 27, 2022, at 11:30 a.m. ET. The company specializes in providing real estate capital to state-licensed cannabis operators through various financial structures, including sale-leaseback transactions and funding for build-to-suit projects. NewLake holds a portfolio of 31 cannabis facilities leased on a triple-net basis, further strengthening its position in the cannabis real estate market.

NewLake Capital Partners (OTCQX: NLCP) has declared a third-quarter 2022 cash dividend of $0.37 per share, translating to an annualized rate of $1.48. This marks the company's sixth consecutive quarterly dividend hike, reflecting a 5.7% increase from the previous quarter. The dividend will be payable on October 14, 2022, to stockholders on record as of September 30, 2022. NewLake specializes in providing real estate capital to state-licensed cannabis operators, owning 31 cultivation and dispensary facilities under triple-net lease agreements.