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NewLake Capital Partners 'thrilled' with progress in 2021, increasing AFFO and dividend payout

NewLake Capital Partners 'thrilled' with progress in 2021, increasing AFFO and dividend payout

NewLake Capital Partners President and Chief Investment Officer Anthony Coniglio talks to Proactive about the provider of real estate capital to state-licensed cannabis operators' 2021 operational and financial highlights. Coniglio says available funds from operations (AFFO) showed consistent growth quarter over quarter, with $7 million of AAFO in its fourth quarter. Importantly, Coniglio says NewLake announced a Q1 2022 dividend of $0.33/share, raising it over 50% within 1 year