NewLake Capital Partners Issues Second Quarter 2025 Common Stock Dividend of $0.43 per Share
Globenewswireยท2025-06-16 21:09
Core Points - NewLake Capital Partners, Inc. has announced a cash dividend of $0.43 per share for the second quarter of 2025, which translates to an annualized dividend of $1.72 per common share [1][2] - The dividend is scheduled to be paid on July 15, 2025, to stockholders of record as of June 30, 2025 [2] Company Overview - NewLake Capital Partners, Inc. operates as an internally-managed real estate investment trust (REIT) that provides capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects [3] - The company owns a portfolio of 34 properties, which includes 15 cultivation facilities and 19 dispensaries, all leased to single tenants on a triple-net basis [3]