NewLake Capital Partners, Inc. Declares Cash Dividend for the First Quarter 2024, Payable on April 15, 2024
March 11, 2024 at 08:30 am
Share
NewLake Capital Partners, Inc. Board of Directors declared a first quarter 2024 cash dividend of $0.41 per share of common stock, equivalent to an annualized dividend of $1.64per share of common stock. The dividend is payable on April 15, 2024 to stockholders of record at the close of business on March 29, 2024.
NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. The Company supplies necessary real estate capital primarily to companies that cultivate, produce and/or dispense cannabis. The Company owns a portfolio of approximately 31 properties comprised of 14 cultivation facilities and 17 dispensaries. The Company's properties are leased to single tenants on a long-term, triple-net basis, which obligates the tenant to be responsible for the ongoing expenses of a property, in addition to its rent obligations. Its properties are located in Florida, Pennsylvania, Illinois, Massachusetts, Missouri, Nevada, Arizona, California, Ohio, North Dakota, Arkansas and Connecticut.
NEWLAKE CAPITAL PARTNERS, INC. 
