NewLake Capital Partners Stock News

NewLake Capital Partners, Inc. (OTCQX:NLCP) Q3 2024 Earnings Conference Call November 14, 2024 11:00 AM ET Company Participants Valter Pinto - Managing Director-KCSA Strategic Communications Anthony Coniglio - President and Chief Executive Officer Jarrett Annenberg - Senior Vice President and Head-Investments Lisa Meyer - Chief Financial Officer Conference Call Participants Pablo Zuanic - Zuani...

As the cannabis market experiences a pullback, interest is growing in cannabis-focused REITs, which offer a unique approach to investing in this evolving industry. REITs are known for providing steady dividends, making them attractive for income-seeking investors during market downturns. The US cannabis market is projected to reach $41 billion by 2025, highlighting its long-term potential. This...

Third Quarter 2024 Revenue Totaled $12.6 Million, an Increase of 9.3% Year-Over-Year

NewLake Capital Partners offers an attractive 8.8% dividend yield, significantly above the sector average, highlighting its commitment to shareholder returns and making it an appealing choice for income-focused investors. Operating through long-term, triple-net leases, NLCP has a targeted approach in cannabis-related real estate, providing a steady cash flow while minimizing operational risks, ...

NewLake Capital Partners, a cannabis-focused REIT, is a strong buy for long-term investors due to their solid fundamentals, cannabis rescheduling, and growth potential. Despite lagging the S&P, NLCP has shown impressive FFO and revenue growth, low leverage, and a growing dividend, making it fundamentally sound. Potential catalysts like the rescheduling of cannabis to Schedule III could signific...

The cannabis industry in the US is on the rise, with legalization efforts moving forward and supporting sector growth. This week, top cannabis REIT stocks, such as Innovative Industrial Properties, AFC Gamma, and NewLake Capital Partners, are in focus as they offer financial support through real estate. Current policies on state ballots could further influence the cannabis market, as several st...

NewLake Capital Partners offers an attractive 8.8% yield, a reasonable valuation, and it can benefit from lower interest rates, making it a compelling growth stock in the cannabis REIT sector. NLCP's business model involves long-term triple-net leases with cannabis companies, reducing risk and allowing it to charge premiums for rent due to limited financing alternatives. Tenant concentration is...

Interest rates are now headed to lower levels. But REITs still offer up to 9% dividend yields. I highlight three of my favorite high yielding REITs for 2025.