NewLake Capital Partners Q2 Revenue Grows 8.2% YoY, Here Are The Details
Portfolio Pulse from Vuk Zdinjak
NewLake Capital Partners, Inc. (OCTQX:NLCP) reported Q2 2023 revenue of $11.4 million, up 8.2% YoY. Net income attributable to common stockholders was $5.8 million, up from $3.8 million in Q2 2022. The company maintained its quarterly dividend of $0.39 per share and repurchased 105,679 shares in the first half of the year. NewLake Capital is providing AFFO guidance for full year 2023 of $39.8 to $40.8 million.
August 10, 2023 | 12:09 pm
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NewLake Capital Partners reported strong Q2 2023 results with revenue and net income increasing YoY. The company also maintained its dividend and repurchased shares, indicating confidence in its financial position.
The company's strong Q2 2023 results, maintained dividend, and share repurchase indicate a positive financial position and confidence in its future performance. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100