AFFO Per Share Growth
NewLake achieved a growth in AFFO per share of 10% year-over-year for 2024, demonstrating sustained growth since their founding in 2019.
Increased Dividends
Annual dividends were increased to $1.70 per share, an 8% rise over 2023, reflecting NewLake's commitment to delivering value to shareholders.
Strong Liquidity Position
NewLake reported a strong liquidity position with $103 million available, including $20.2 million in cash and $82.4 million in untapped credit facility capacity.
Revenue Growth
Total revenue for 2024 reached $50.1 million, representing a 6% increase from $47.3 million in 2023.
New Board Member
Dina Rollman, with over a decade of experience in the cannabis industry, was added to the Board of Directors, enhancing leadership in legal and regulatory affairs.