"In 2023, we generated record revenue of $47.3 million, record AFFO of $40.7 million, and paid out $33.0 million or $1.57 per share in dividends to shareholders," said Anthony Coniglio, the company's president and CEO. "During a very challenging environment for the cannabis industry, we were able to grow our dividend distributions by 9.0% year-over-year and for the first quarter of 2024 raised our quarterly dividend from $0.40 to $0.41 per share."

• Net income attributable to common stockholders totaled $7 million, up from $6.7 million in the prior year's period.
• Funds from operations diluted totaled $10.7 million, as compared to $10.5 million, an increase of 1.3% year-over-year.
• Adjusted funds from operations-diluted totaled $10.8 million, as compared to $10.9 million, a decrease of 1.2% year-over-year.
• Total expenses amounted to $5.8 million, up from $5.3 million in the fourth quarter of last year.
• Declared a fourth-quarter dividend of $0.40 per share of common stock, an increase of 2.6% year-over-year.

• Net income attributable to common stockholders totaled $24.6 million, as compared to $22 million.
• Funds from operations diluted totaled $39.3 million, as compared to $35.2 million, an increase of 11.5% year-over-year.
• Adjusted funds from operations-diluted totaled $40.7 million, as compared to $38.7 million, an increase of 5.2% year-over-year.
• Cash and cash equivalents as of Dec. 31, 2023, were $25.8 million, with $14.4 million committed to fund tenant improvements.
• Total expenses amounted to $22.5 million, up from $22.4 million in 2022.
• For the twelve months ended Dec. 31, 2023, the company declared dividends of $1.57 per share of common stock, an increase of 9% year-over-year.

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