NewLake Capital Partners, Inc. (NLCP)
| Market Cap | 351.78M |
| Revenue (ttm) | 50.64M |
| Net Income (ttm) | 27.05M |
| Shares Out | 20.51M |
| EPS (ttm) | 1.31 |
| PE Ratio | 13.07 |
| Forward PE | 13.83 |
| Dividend | 1.72 (10.03%) |
| Ex-Dividend Date | Dec 31, 2024 |
| Volume | 24,295 |
| Open | 17.18 |
| Previous Close | 17.15 |
| Day's Range | 17.16 - 17.23 |
| 52-Week Range | 15.93 - 21.46 |
| Beta | 0.95 |
| Analysts | n/a |
| Price Target | n/a |
| 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]
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 StatementsNews
3 Marijuana Stocks For Investors To Know In 2025
More marijuana stock investors are focused on the potential that 2025 brings. The legal cannabis industry is expected to see further growth. But what will this growth look like and who will benefit fr...
Up To 10% Yield: 3 REITs To Buy Before They Hike Their Dividend
REITs are so cheap that some offer up to 10% dividend yields. That's despite growing steadily. I highlight 3 REITs to buy before their next dividend hike.
REITs Remain On Naughty List
U.S. equity markets rebounded after their worst week since November, while interest rates swelled to fresh seven-month highs as investors parsed data showing relatively strong retail and travel demand...
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...
Cash COWs And Buried Treasures: 2024 Performance Review
About a year ago, I published two proposed portfolios: Cash COWs, (high-yield and strong dividend safety), and Buried Treasures, (undervalued, high-yielding, with strong balance sheets and growth). T...
3 Cannabis Stocks In The Public Sector You Should Know About
Cannabis stock investors face another complex year ahead. The reason for this is the politics surrounding cannabis reform. For as long as pot stocks have been publicly traded, the pros and cons of ref...
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 ...
Top Picks: Ancillary Cannabis Stocks Gaining Momentum in the Past Month
The US cannabis industry continues to expand rapidly, presenting unique opportunities for investors in ancillary cannabis stocks. Analysts project the market could reach $100 billion in value by 2030 ...
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...
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...
5 REITs That Pay Me More Than $1,000 Passive Income Each Month
REIT dividend yields are historically high. It is possible to find high-quality REITs that offer 6-8% yields. I present a portfolio of 5 REITs earning me over $1,000 each month.
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...
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...
The Best 3 Marijuana Stocks For Investors To Follow
Marijuana stock investors are trying to follow market trends amidst the madness in the sector. As most know the cannabis sector has unpredictable trading patterns due to volatility. Over the last seve...
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...
Cannabis REITs with Strong Dividend Yields for Your Investment Portfolio
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...
NewLake Capital Partners Reports Third Quarter 2024 Financial Results
Third Quarter 2024 Revenue Totaled $12.6 Million, an Increase of 9.3% Year-Over-Year
NewLake Capital Partners: High Dividend Yield And Growth Potential
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 inco...
NewLake Capital Partners: 8.6% Dividend Yield, Catalysts, And Upside Potential Make Them A Long-Term Buy
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 h...
High-Yield Cannabis REITs for November: Top Picks for Dividend Investors
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, AF...
NewLake Capital Partners: 8.8% Yield And Growth Potential? It's A Must-Watch
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 ...
Yields Up To 9%: 3 REITs To Buy For 2025
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.
Top Cannabis REITs to Watch in October 2024 for Strong Returns
The cannabis industry in the US continues to experience rapid growth, with an estimated market size of $32 billion in 2024. This expansion is fueled by increasing state-level legalization and a growin...
October Watchlist: Cannabis REITs with High Dividend Yields
The US cannabis industry is growing rapidly, with sales projected to reach $46 billion by 2025. This growth opens opportunities for ancillary marijuana stocks, especially real estate investment trusts...
NewLake Capital Partners: I'm Still Buying This Strong Growth And High-Dividend Stock
NewLake Capital Partners is a specialized REIT with excellent margins and a safe and very high dividend yield. The company holds second place in an industry positioned for massive growth, with incomin...