A Leading Provider of Cannabis Capital
Financial Overview
Key Data
Shareholder Equity
Invested & Committed Capital
Cash
Debt¹
Market Capitalization²
Stock Price²
Dividend Yield³
Common Shares Outstanding
3Q23 Annualized Dividend4
Target AFFO Payout Ratio
3Q23 Revenue Annualized5
G&A Expense Ratio Annualized6
New Lake
OTCQX: NLCP
$408 Million
$427 Million
$31 Million
$2 Million
$262 Million
$12.65
12.3%
20,694,363
$1.56
80% - 90%
$46.0 Million
1.4%
Dividend Growth per Share
$0.37
3Q22
$0.39
4Q22
$0.39
1Q23
$0.39
2Q23
$0.39
3 Calculated as Q3 2023 annualized dividend divided by the November 7, 2023, closing stock price.
4 Annualized based on Q3 2023 dividend of $0.39 per common share, declared on September 15, 2023.
3Q23
Note: Data is as of September 30, 2023, unless otherwise noted
1 Debt is comprised of Seller Financing of $1.0 million at 4.0% and $1.0 million on the revolving credit facility at 5.65%.
2 Based on the November 7, 2023, closing price.
5 Annualized revenue is calculated using actual revenue for the three months ended September 30, 2023.
6 Calculated using annualized General and Administrative Expense, excluding stock-based compensation, for the three months
ending September 30, 2023, over Total Assets as of September 30, 2023.
newlake.com
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