NewLake Capital Partners, Inc. (NLCP)
| Market Cap | 408.02M |
| Revenue (ttm) | 47.30M |
| Net Income (ttm) | 24.59M |
| Shares Out | 20.50M |
| EPS (ttm) | 1.15 |
| PE Ratio | 17.30 |
| Forward PE | 16.53 |
| Dividend | $1.59 (7.99%) |
| Ex-Dividend Date | Mar 27, 2024 |
| Volume | 145,393 |
| Open | 19.99 |
| Previous Close | 19.95 |
| Day's Range | 19.90 - 20.87 |
| 52-Week Range | 11.80 - 20.87 |
| Beta | 0.99 |
| Analysts | Strong Buy |
| Price Target | 18.25 (-8.29%) |
| Earnings Date | n/a |
About NLCP
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, NLCP's revenue was $47.30 million, an increase of 5.60% compared to the previous year's $44.79 million. Earnings were $24.59 million, an increase of 11.87%.
Financial numbers in USD Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for NLCP stock is "Strong Buy." The 12-month stock price forecast is $18.25, which is a decrease of -8.29% from the latest price.
News
NewLake Capital Partners to Present at the Aegis Capital Virtual Conference on May 9th
NEW CANAAN, Conn., May 02, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis oper...
NewLake Capital Partners Issues Statement on Cannabis Being Rescheduled to Schedule III
NEW CANAAN, Conn., May 01, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis oper...
April 2024's Top Cannabis REITs for High Dividend Yields
As April 2024 approaches, several top marijuana stocks are catching the eyes of savvy investors. The U.S. cannabis industry continues to expand dynamically. In recent years, legal sales have grown sub...
NewLake Capital Partners to Host First Quarter 2024 Earnings Call on May 9th at 11:00 a.m. ET
NEW CANAAN, Conn., April 11, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis op...
April's Harvest: Top Cannabis REITs for Long-Term Growth
The U.S. cannabis industry is witnessing remarkable growth. With legalization expanding, projections are bullish. Sales may reach $30 billion by 2025. This surge underpins the potential of Cannabis Re...
NewLake Capital Partners Issues Statement on the Florida Supreme Court's Decision on Amendment 3, the Cannabis Adult-Use Ballot Measure
NEW CANAAN, Conn., April 01, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis op...
Green Real Estate Boom: Must-See Cannabis REITs for Q3 2024
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NewLake Capital Partners to Participate in Upcoming April 2024 Investor Conferences
NEW CANAAN, Conn., March 21, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis op...
NewLake Capital Partners Reports Fourth Quarter and Full-Year 2023 Financial Results; Raises First Quarter 2024 Common Stock Dividend to $0.41 per Share
Fourth Quarter 2023 Revenue totaled $13.0 Million, an increase of 6.4% Year-Over-Year Full Year 2023 Revenue totaled $47.3 Million, an increase of 5.1% Year-Over-Year
Cultivating Returns: The Best Cannabis REITs of March 2024
This week, the spotlight shines on top Cannabis Real Estate Investment Trusts (REITs), pivotal players in the burgeoning U.S. cannabis sector. As state-level legalization expands, these REITs offer in...
NewLake Capital Partners to Present at the Sidoti Small-Cap Virtual Conference on March 13th
NEW CANAAN, Conn., Feb. 28, 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...
Top Cannabis REITs to Keep on Your Radar Before March 2024
This week, interest in Cannabis Real Estate Investment Trusts (REITs) is growing. They provide a distinctive way to enter the cannabis industry. These REITs support the expanding real estate sector by...
NewLake Capital Partners to Host Fourth Quarter and Full Year 2023 Earnings Call on March 11th at 11:00 a.m. ET
NEW CANAAN, Conn., Feb. 06, 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...
NewLake Capital Partners, Inc. Announces Tax Characteristics of 2023 Dividends
NEW CANAAN, Conn., Jan. 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...
Top Marijuana Stocks Cannabis Investors Are Keeping On Watch
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Cannabis Industry's Real Estate Goldmine: Leading REITs in 2024
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Cannabis Investing: 3 Top Marijuana Stocks For 2024
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Top Marijuana Stocks To Watch As 2024 Soon Begins
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NewLake Capital Partners Increases Fourth Quarter 2023 Common Stock Dividend to $0.40 per Share and Provides Share Repurchase Program Update
NEW CANAAN, Conn., Dec. 14, 2023 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis ope...
Cannabis Investing Today: 3 Top Marijuana Stocks For Your Watchlist
Many places around the world are moving towards the legalization of cannabis for medical and recreational use. This has created opportunities for businesses to operate legally in the cannabis market. ...
NewLake Capital CEO, Anthony Coniglio, to Participate in Fireside Chat with Zuanic and Associates on December 13th at 11 a.m. ET
NEW CANAAN, Conn., Dec. 12, 2023 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis ope...
Are These Marijuana Stocks Ready To Move?
Marijuana stock investors are working on creating better trading strategies for 2024. Right now the level of volatile trading has people waiting to buy and waiting to sell. Now I know that sounds a bi...
Top Marijuana Stocks To Watch After Thanksgiving
Marijuana stocks still show signs of high volatility. Many investors are working on establishing more efficient strategies to see better gains. For example, when there is a downtrend due to volatility...
NewLake Tenant, Calypso Enterprises, Closes on Sale of the Company
NEW CANAAN, Conn., Nov. 17, 2023 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis ope...
NewLake Capital Partners Reports Third Quarter 2023 Financial Results
Third Quarter 2023 Revenue Totaled $11.5 Million Third Quarter 2023 Net Income Attributable to Common Stockholders Totaled $6.0 Million, Funds from Operations Totaled $9.6 Million, and Adjusted Funds ...