A Leading Provider of Cannabis Capital
By The Numbers
Founded
in 2019
2021 IPO
12.2% Wtd.
Avg. Yield
2.6% Annual Rent
Escalations
NewLake
OTCQX: NLCP
100%
Leased
All Triple-Net
Leases
0.2x Debt
To EBITDA
$89 Million Available
Credit Facility
Note:
(1)
(2)
(3)
~$427
Million
Deployed
Invested &
Committed
14.2 Years
Remaining
Lease Term
Weighted Average
81.6% AFFO
Payout Ratio
Strong Dividend
Coverage
1.4%
Annualized
G&A Ratio
Low General and
Administrative Expenses
Data as of September 30, 2023
Does not reflect the sale of the Company's Palmer Massachusetts property that occurred subsequent to September 30, 2023
Calculated as if all rents were collected and does not reflect transactions that occurred subsequent to September 30, 2023
32 (2)
Properties
12 States, 1.7 Million
Square Feet
5.4% YoY
Dividend
Growth
For the 3 months ending
September 30, 2023 vs. 2022
newlake.com
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