Wall Street Cheers: NewLake Capital Partners Unveils Robust 2024 Performance and Signals Strong Q1 2025 Dividend Payout
Strong Financial Performance Caps Off Successful Year
The company delivered robust financial results for the fourth quarter and full year 2024, demonstrating continued growth and solid operational performance.
Revenue Highlights
- Fourth Quarter 2024 Revenue: $12.5 Million
- Full Year 2024 Revenue: $50.1 Million
- Year-Over-Year Growth: 6.0%
Profitability and Cash Flow Metrics
Fourth Quarter 2024
- Net Income Attributable to Common Stockholders: $6.0 Million
- Funds From Operations: $9.9 Million
- Adjusted Funds From Operations: $10.9 Million
Full Year 2024
- Net Income Attributable to Common Stockholders: $26.1 Million
- Funds From Operations: $41.3 Million
- Adjusted Funds From Operations: $43.7 Million
These results underscore the company's resilience and strategic positioning in a dynamic market landscape.