Cannabis REIT NewLake: YoY Increase In Q4 & FY 2023 Revenue Amid 'Challenging Environment,' CEO Says
Cannabis REIT NewLake: YoY Increase In Q4 & FY 2023 Revenue Amid 'Challenging Environment,' CEO Says
Cannabis REIT NewLake Capital Partners, Inc. (OCTQX: NLCP) announced its financial results on Monday for the fourth quarter and full year ended Dec. 31, 2023.
大麻房地產投資信託基金NewLake Capital Partners, Inc.(OCTQX:NLCP)週一公佈了截至2023年12月31日的第四季度和全年財務業績。
The Connecticut-based company reported a 6.4% year-over-year increase in revenue to $13 million in the fourth quarter. Full-year revenue totaled $47.3 million, representing an increase of 5.1% year-over-year.
這家總部位於康涅狄格州的公司報告稱,第四季度收入同比增長6.4%,達到1300萬美元。全年收入總額爲4,730萬美元,同比增長5.1%。
"In 2023, we generated record revenue of $47.3 million, record AFFO of $40.7 million, and paid out $33.0 million or $1.57 per share in dividends to shareholders," said Anthony Coniglio, the company's president and CEO. "During a very challenging environment for the cannabis industry, we were able to grow our dividend distributions by 9.0% year-over-year and for the first quarter of 2024 raised our quarterly dividend from $0.40 to $0.41 per share."
該公司總裁兼首席執行官安東尼·科尼格里奧表示:“2023年,我們創造了創紀錄的4,730萬美元收入,創紀錄的4,070萬美元AFFO,並向股東支付了3,300萬美元,合每股1.57美元的股息。”“在大麻行業非常艱難的環境中,我們得以將股息分配同比增長9.0%,並在2024年第一季度將季度股息從每股0.40美元提高到0.41美元。”
Q4 2023 Financial Highlights
2023 年第四季度財務摘要
- Net income attributable to common stockholders totaled $7 million, up from $6.7 million in the prior year's period.
- Funds from operations diluted totaled $10.7 million, as compared to $10.5 million, an increase of 1.3% year-over-year.
- Adjusted funds from operations-diluted totaled $10.8 million, as compared to $10.9 million, a decrease of 1.2% year-over-year.
- Total expenses amounted to $5.8 million, up from $5.3 million in the fourth quarter of last year.
- Declared a fourth-quarter dividend of $0.40 per share of common stock, an increase of 2.6% year-over-year.
- 歸屬於普通股股東的淨收益總額爲700萬美元,高於去年同期的670萬美元。
- 攤薄後的運營資金總額爲1,070萬美元,而攤薄後的運營資金爲1,050萬美元,同比增長1.3%。
- 調整後的攤薄運營資金總額爲1,080萬美元,而後爲1,090萬美元,同比下降1.2%。
- 總支出爲580萬美元,高於去年第四季度的530萬美元。
- 宣佈第四季度普通股股息爲每股0.40美元,同比增長2.6%。
FY 2023 Financial Highlights
2023 財年財務亮點
- Net income attributable to common stockholders totaled $24.6 million, as compared to $22 million.
- Funds from operations diluted totaled $39.3 million, as compared to $35.2 million, an increase of 11.5% year-over-year.
- Adjusted funds from operations-diluted totaled $40.7 million, as compared to $38.7 million, an increase of 5.2% year-over-year.
- Cash and cash equivalents as of Dec. 31, 2023, were $25.8 million, with $14.4 million committed to fund tenant improvements.
- Total expenses amounted to $22.5 million, up from $22.4 million in 2022.
- For the twelve months ended Dec. 31, 2023, the company declared dividends of $1.57 per share of common stock, an increase of 9% year-over-year.
- 歸屬於普通股股東的淨收益總額爲2460萬美元,而淨收益爲2200萬美元。
- 攤薄後的運營資金總額爲3,930萬美元,較之3520萬美元,同比增長11.5%。
- 調整後的攤薄運營資金總額爲4,070萬美元,而後爲3,870萬美元,同比增長5.2%。
- 截至2023年12月31日,現金及現金等價物爲2580萬美元,其中1,440萬美元承諾爲租戶改善提供資金。
- 總支出爲2,250萬美元,高於2022年的2,240萬美元。
- 在截至2023年12月31日的十二個月中,該公司宣佈普通股的股息爲每股1.57美元,同比增長9%。
In 2023, NewLake exercised its option and invested approximately $ 350,000 to acquire an adjacent parcel of land at an existing cultivation facility in Missouri. In connection with the move, the company committed to fund approximately $16.2 million to expand the existing cultivation facility.
2023年,NewLake行使了期權,投資了約35萬美元,在密蘇里州現有種植設施中收購了鄰近的一塊土地。與此舉有關,該公司承諾提供約1,620萬美元的資金,用於擴建現有的種植設施。
In October NewLake closed on a $2 million sale of its cultivation facility in Palmer, Massachusetts, which was then leased to Mint.
10月,NewLake完成了對位於馬薩諸塞州帕爾默的種植設施的200萬美元出售,該設施隨後租給了造幣廠。
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NLCP Price Action
NLCP 價格走勢
NewLake Capital's shares traded 3.11% higher at $16.6 per share at the time of writing on Monday morning.
在週一上午撰寫本文時,NewLake Capital的股價上漲3.11%,至每股16.6美元。