NewLake Capital Partners Reports Q3 FFO in Line with Estimates Amid Revenue Miss
NewLake Capital Partners (NLCP) released its third-quarter financial results, reporting Funds From Operations (FFO) of $0.47 per share, which aligned with market expectations. However, the company's revenue reached $12.02 million, falling short of estimates by approximately $0.14 million and representing a 4.7% decrease compared to the same period last year. Net income attributable to common stockholders was reported at $4.2 million, or $0.20 per share. The company also disclosed Adjusted Funds From Operations (AFFO) of $10.3 million, equating to $0.49 per share.
Tickers: $NLCP
Topics: AFFO FFO net income revenue