NewLake Capital Partners, Inc. (NLCP)

OTCMKTS · Delayed Price · Currency is USD
16.65
-0.12 (-0.72%)
Feb 5, 2025, 4:00 PM EST
0.12%
Market Cap 343.99M
Revenue (ttm) 50.64M
Net Income (ttm) 27.05M
Shares Out 20.51M
EPS (ttm) 1.31
PE Ratio 12.78
Forward PE 13.52
Dividend 1.72 (10.26%)
Ex-Dividend Date Dec 31, 2024
Volume 7,061
Average Volume 59,327
Open 16.77
Previous Close 16.77
Day's Range 16.40 - 16.77
52-Week Range 15.93 - 21.46
Beta 0.93
RSI 45.59
Earnings Date Mar 12, 2025

About NewLake Capital Partners

NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 31 properties comprised of 14 cultivation facilities and 17 dispensaries that are leased to single tenants on a triple-net basis. [Read more]

Sector Real Estate
Founded 2019
Employees 8
Stock Exchange OTCMKTS
Ticker Symbol NLCP
Full Company Profile

Financial Performance

In 2023, NewLake Capital Partners's revenue was $47.30 million, an increase of 5.12% compared to the previous year's $45.00 million. Earnings were $24.59 million, an increase of 11.87%.

Financial Statements

News

Steven Cress' Top 10 Dividend Stocks For 2025

Steven Cress talks to Kim Khan about his top dividend stocks for the year. Diversification and strong fundamentals are key strategies for investors.

7 days ago - Seeking Alpha

NewLake Capital Partners Announces Tax Characteristics of 2024 Dividends

NEW CANAAN, Conn., Jan. 29, 2025 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis ope...

7 days ago - GlobeNewsWire

Innovative Industrial Properties Vs. NewLake Capital Partners: Operating In A Sector Clouded With Uncertainty

Analyzing troubled REITs requires looking beyond superficial metrics like dividend yield and payout ratio. Despite positive trends in Cannabis adoption, both IIPR and NLCP face significant risks due t...

8 days ago - Seeking Alpha

Top Cannabis REITs Driving Industry Expansion in 2025

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3 High Yielding REITs (8%-10%)

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18 days ago - Seeking Alpha

NewLake Capital: Better Growth Makes Them More Attractive Than Competitors Now

NewLake Capital Partners, Inc. remains a solid long-term buy despite cannabis sector uncertainty, boasting strong financials, low leverage, and a high dividend yield. NLCP's financial performance outs...

19 days ago - Seeking Alpha

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NewLake Capital Partners: Headwinds Don't Derail Its Long-Term Potential

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NewLake Capital Partners Appoints Dina Rollman to Board of Directors and Declares Fourth Quarter 2024 Dividend of $0.43 per Share

NEW CANAAN, Conn., Dec. 12, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (the “Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis ope...

7 weeks ago - GlobeNewsWire

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NewLake Capital Partners: Hold Out For This Cannabis-Driven REIT With Immense Potential

NewLake Capital Partners (NLCP) is a promising cannabis-focused REIT with strong financials, high dividend yields and no debt. Comps show that NLCP stands out in profitability and dividends too. NLCP ...

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NewLake Capital Partners: Harvest This Undervalued 9% Yield

NewLake Capital Partners offers a 9.1% yield, trades at a discounted forward P/FFO ratio of 9.5x, and presents an attractive buy for income-focused investors. NLCP's robust portfolio in limited-licens...

2 months ago - Seeking Alpha

NewLake Capital's Inherent Undervaluation Offers Opportunistic Investors With Rich Returns

NewLake Capital Partners has continued to execute well despite operating in a relatively challenging cannabis REIT market, with most of its tenants still current with rental payments. If anything, the...

2 months ago - Seeking Alpha

5 REITs That Pay Me More Than $1,000 Passive Income Each Month

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The U.S. Election's Impact On REITs

Donald Trump's proposed policies could impact inflation and interest rates. They could also impact individual property sectors. We explain the impact on residential, industrial, cell tower, healthcare...

2 months ago - Seeking Alpha

NewLake Capital Partners to Participate in Panel Discussion at the 13th Annual MJ Biz Conference

NEW CANAAN, Conn., Nov. 26, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis ope...

2 months ago - GlobeNewsWire

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NewLake Capital Partners, Inc. (NLCP) Q3 2024 Earnings Call Transcript

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 C...

2 months ago - Seeking Alpha

Cannabis REITs with Strong Dividend Yields for Your Investment Portfolio

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