NewLake Capital Partners Q4 Revenue Grows 35.7% YoY, Here Are The Details


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


NewLake Capital Partners, Inc. (OCTQX:NLCP) revenue in 2022 was $44.8 million, as compared to $28.1 million, an increase of 59.6% year-over-year.

Q4 2022 Financial Highlights

  • Revenue totaled $12.2 million, as compared to $9.0 million Q4 2021, an increase of 35.7%.

  • Net income attributable to common stockholders totaled $6.7 million, as compared to $4.3 million in Q4 2021.

  • Funds from operations-diluted (“FFO”) totaled $10.5 million, as compared to $7.0 million in Q4 2021, an increase of 51.3%.

  • Adjusted funds from operations-diluted (“AFFO”) totaled $10.9 million, as compared to $7.2 million in Q4 2021, an increase of 52.0%.

Full Year 2022 Financial Highlights VS 2021

  • Net income attributable to common stockholders totaled $22.0 million, as compared to $11.2 million.

  • FFO totaled $35.2 million, as compared to $19.7 million, an increase of 79.1%.

  • AFFO totaled $38.7 million, as compared to $21.7 million, an increase of 77.8%.

  • Cash and cash equivalents as of December 31, 2022, were $45.2 million, with $3.1 million committed to fund tenant improvements.

  • For the twelve months ended December 31, 2022, the company declared dividends of $1.44 per share, an increase of 41.2% over the prior year.

Dividend

On December 15, 2022, the company’s board of directors declared a fourth quarter 2022 cash dividend of $0.39 per share of common stock, equivalent to an annualized dividend of $1.56 per share of common stock. The dividend was paid on January 13, 2023 to stockholders of record at the close of business on December 30, 2022.

On March 8, 2023, the company’s board of directors declared a first quarter 2023 cash dividend of $0.39 per share of common stock, equivalent to an annualized dividend of $1.56 per share of common stock. The dividend is payable on April 14, 2023 to stockholders of record at the close of business on March 31, 2023.

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27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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