NewLake Capital Partners Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Rental Revenue	50.11	46.78	42.57	27.45	11.66	1.17
Total Revenue	50.64	47.3	45	28.06	11.66	1.17
Revenue Growth (YoY	8.84%	5.12%	60.38%	140.57%	900.39%	-
Property Expenses	0.61	0.66	0.22	-	12.36	-
Selling, General & Administrative	7.8	7.56	9.38	6.87	4.06	2.2
Depreciation & Amortization	14.49	14.27	12.83	8.1	2.6	0.26
Total Operating Expenses	23.02	22.65	22.42	14.96	23.74	2.46
Operating Income	27.62	24.66	22.58	13.1	-12.08	-1.3
Interest Expense	-0.48	-0.38	-0.27	-0.01	-	-
Interest & Investment Income	-0.35	-	-	0.1	0.15	0.72
Other Non-Operating Income	0.75	0.75	0.11	-	-	-
EBT Excluding Unusual Items	27.54	25.02	22.42	13.19	-11.92	-0.58
Gain (Loss) on Sale of Assets	-	-	-0.06	-	1.49	-
Other Unusual Items	-	-	-0	-1.6	-	-
Pretax Income	27.54	25.02	22.36	11.59	-10.43	-0.58
Earnings From Continuing Operations	27.54	25.02	22.36	11.59	-10.43	-0.58
Minority Interest in Earnings	-0.49	-0.44	-0.38	-0.36	-0.23	-
Net Income	27.05	24.59	21.98	11.23	-10.67	-0.58
Preferred Dividends & Other Adjustments	-	-	-	0	0.02	-
Net Income to Common	27.05	24.59	21.98	11.23	-10.68	-0.58
Net Income Growth	11.25%	11.87%	95.64%	-	-	-
Basic Shares Outstanding	21	21	21	17	7	-
Diluted Shares Outstanding	21	22	22	18	7	-
Shares Change (YoY)	-3.44%	-1.20%	24.16%	146.61%	-	-
EPS (Basic)	1.31	1.16	1.03	0.66	-1.50	-
EPS (Diluted)	1.31	1.16	1.02	0.66	-1.50	-
EPS Growth	15.26%	13.29%	55.37%	-	-	-
Dividend Per Share	1.670	1.570	1.440	0.430	-	-
Dividend Growth	7.05%	9.03%	234.88%	-	-	-
Operating Margin	54.54%	52.12%	50.17%	46.67%	-103.55%	-111.38%
Profit Margin	53.42%	51.97%	48.84%	40.02%	-91.60%	-50.02%
Free Cash Flow Margin	89.26%	84.74%	82.24%	95.15%	63.00%	67.11%
EBITDA	42.11	38.92	35.4	21.19	-9.47	-1.04
EBITDA Margin	83.15%	82.28%	78.67%	75.53%	-81.23%	-89.40%
D&A For Ebitda	14.49	14.27	12.83	8.1	2.6	0.26
EBIT	27.62	24.66	22.58	13.1	-12.08	-1.3
EBIT Margin	54.54%	52.12%	50.17%	46.67%	-103.55%	-111.38%
Funds From Operations (FFO)	42.01	39.29	35.24	19.68	-8.14	-0.33
FFO Per Share	-	1.82	1.62	1.12	-1.14	-0.09
Adjusted Funds From Operations (AFFO)	-	40.65	38.66	21.75	8.84	-
AFFO Per Share	-	1.89	1.77	1.24	1.24	-
FFO Payout Ratio	79.74%	84.14%	82.27%	59.27%	-	-
Revenue as Reported	50.64	47.3	45	28.06	11.66	-

Source: S&P Capital IQ. Real Estate template. Financial Sources.