Posted: 05/25/2025 03:20 am
NewLake Capital Partners, Inc. (NLCP) operates as a prominent player in the real estate capital sector, particularly for state-licensed cannabis operators. Recent developments in the compensation of its top executives provide an intriguing look into how this real estate investment trust (REIT) maintains its competitive edge in the industry.
An analysis of the compensation packages reveals that NewLake is keen on rewarding its upper management with robust salary and bonus structures. In 2024, Lisa Meyer, the Chief Financial Officer, Treasurer, and Secretary, achieved a total compensation of $852,641. This amount includes a base salary of $350,000, a bonus of $239,596, and stock awards worth $263,045^1. Meyer's stewardship and financial expertise are critical in driving NewLake’s financial strategies, ensuring the company navigates the complexities of the cannabis REIT market with precision.
Comparatively, in 2023, Anthony Coniglio, the President, Chief Executive Officer, and Director, received a total compensation of $1,139,706. His package encompassed a $400,000 salary, a $229,200 bonus, and $510,506 in stock awards^2. Coniglio's strategic leadership has been instrumental in positioning NewLake as an attractive prospect for investors, despite the cannabis sector's inherent risks and challenges^3.
Interestingly, David Weinstein, the company's Chief Executive Officer prior to Coniglio, saw a total compensation of $1,182,283 in 2022. Notable within Weinstein's compensation was $781,985 categorized under "all other compensation," possibly reflecting unique incentive structures commensurate with his past contributions to the company's growth trajectory^4. These figures underline the company's commitment to aligning executive interests with shareholder value, as observed through its strategic compensation practices.
NewLake’s focus on strong executive teams reflects in its market performance and reputation. Currently, the stock price stands at $14.20, with a market capitalization of around $291.6 million^5. Despite sectoral uncertainties, NewLake is touted as a leading income pick due to its substantial dividend yields and net lease model advantages^6.
Moreover, upcoming events such as the earnings call scheduled for March 6, 2025, will provide further insights into NLCP’s financial posture and strategic directives^7. Analysts and stakeholders eagerly anticipate these announcements, hoping to gauge the company's trajectory during these challenging economic periods. Given these dynamics, the compensation strategies adopted by NewLake Capital Partners not only illustrate the company's financial health but also its outlook on sustaining long-term growth and competitiveness.
:
1. [Lisa Meyer's Compensation Details](https://www.sec.gov/Archives/edgar/data/1854964/000162828025019907/0001628280-25-019907-index.htm)
2. [Anthony Coniglio's Compensation Details](https://www.sec.gov/Archives/edgar/data/1854964/000185496424000017/0001854964-24-000017-index.htm)
3. [Growth and Financial Stability Insights](https://seekingalpha.com/article/4770225-newlake-capital-my-top-income-pick-yields-nearly-12-percent)
4. [David Weinstein's Compensation Details](https://www.sec.gov/Archives/edgar/data/1854964/000185496423000009/0001854964-23-000009-index.htm)
5. [Current Stock Price and Market Capitalization](https://seekingalpha.com/article/4749759-newlake-capital-better-growth-makes-them-more-attractive-than-competitors-now)
6. [Income Pick and Dividend Insights](https://seekingalpha.com/article/4770225-newlake-capital-my-top-income-pick-yields-nearly-12-percent)
7. [Earnings Call Announcement](https://ir.newlake.com/)
