NewLake Capital Partners, Inc.

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NewLake Capital Partners, Inc. provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases and funding for build-to-suit projects. The company was founded on April 9, 2019 and is headquartered New Canaan, CT.

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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 several years volatility for most public cannabis companies has only increased. The reason for this is based on several factors most of which have to do with the legal side of the cannabis industry.

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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 - Zuanic & Associates Operator Ladies and gentlemen, good morning, and welcome to the NewLake Capital Partners Third Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

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

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 industry growth and ongoing legalization efforts bring attention to cannabis REITs as indirect investments. Recently, legalization headlines have fueled volatility, making risk management and technical analysis essential for investors aiming to time their entries and exits wisely.

Cannabis REITs with Strong Dividend Yields for Your Investment Portfolio

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

NewLake Capital Partners Reports Third Quarter 2024 Financial Results

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, thanks to a fully leased portfolio. With the cannabis industry projected to grow at a 10.5% CAGR through 2027, the Company is well-positioned to benefit from the increasing demand for real estate capital as more states expand their markets.

NewLake Capital Partners: High Dividend Yield And Growth Potential

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 significantly boost NLCP's cash flows, liquidity, and share price.

NewLake Capital Partners: 8.6% Dividend Yield, Catalysts, And Upside Potential Make Them A Long-Term Buy

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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 states are voting on legalization measures. These outcomes could impact cannabis stocks significantly, offering opportunities for growth if more states legalize cannabis use. The industry's revenue could reach $50 billion by 2025, making it an attractive sector for investors.

High-Yield Cannabis REITs for November: Top Picks for Dividend Investors

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 a risk to monitor. However, the company's largest tenant is cash-flow positive, easing some of the risks involved.

NewLake Capital Partners: 8.8% Yield And Growth Potential? It's A Must-Watch

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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 growing consumer base. Cannabis REITs are emerging as key players, providing real estate and capital to cannabis operators. These REITs offer attractive dividend yields, often exceeding 7%, making them appealing to income-focused investors. Recently, headlines about potential federal legalization have sparked renewed interest in the sector. Investors are keen on capturing both short-term gains and long-term growth opportunities.

Top Cannabis REITs to Watch in October 2024 for Strong Returns

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 (REITs) that support cannabis companies. Cannabis REITs, like Innovative Industrial Properties (IIPR), offer high dividend yields, making them attractive to income-focused investors. News about potential federal legalization has recently stirred the market, with bipartisan efforts gaining momentum. As more states continue to legalize cannabis, ancillary stocks are positioned to benefit from increased demand for properties, lending, and services.

October Watchlist: Cannabis REITs with High Dividend Yields

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 incoming catalysts such as looser regulations and an expanding customer base. The company offers investors a great mix of income and growth, making it a good choice for those looking to cash in on the growing legal cannabis market.

NewLake Capital Partners: I'm Still Buying This Strong Growth And High-Dividend Stock

NewLake Capital Partners (NLCP) offers exposure to the growing cannabis industry with an 8%+ annual return, despite the legal gray area. The company has a strong balance sheet with minimal debt and trades at a discount to market average price/book ratio. Key risks include cannabis legal status, tenant concentration, and challenges in acquiring new properties economically.

The Time Seems Right For NewLake Capital Partners

NewLake Capital Partners has been a significant winner for me, with a 54% gain, but I now rate it as a HOLD. The cannabis industry is growing, and favorable legislation could benefit NewLake, but the SAFER Banking Act poses a long-term threat. NewLake's strong financial position, no debt, and high dividends are attractive, but its valuation is no longer cheap.

NewLake Capital: Still A HOLD (A Balanced Overview Of Pros And Cons)

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If I Could Only Hold 5 REITs Over The Next Decade

NEW CANAAN, Conn., Sept. 13, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that its board of directors has approved its third quarter 2024 cash dividend of $0.43 per share of common stock.

NewLake Capital Partners Issues Third Quarter 2024 Common Stock Dividend of $0.43 per Share

NEW CANAAN, Conn., Sept. 10, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that Anthony Coniglio, President and CEO, will present at the Sidoti Fall Virtual Small Cap Conference to be held September 18-19, 2024.

NewLake Capital Partners to Present at the Sidoti Fall Virtual Small Cap Conference on September 18-19th

The US cannabis industry continues to grow, reaching $32 billion in annual sales in 2023. Experts predict this number will exceed $50 billion by 2028 as more states legalize cannabis. This rapid growth provides ample opportunities for cannabis REITs, which lease properties to licensed operators. Recent headlines, such as Congress debating federal legalization, add further momentum to the market. As legalization efforts progress, REITs are expected to see increased demand for cultivation and retail spaces. Investors looking for steady returns should closely watch the top-performing REITs.

September 2024 Watchlist: Leading Cannabis REITs for Investment

The market is expensive, trading at 21x forward EPS, 1.2 standard deviations above its 30-year average. The implied five-year annualized return is expected to be below 5% at current valuations. NewLake Capital Partners and Apple Hospitality REIT offer income and growth potential in a challenging market.

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NLCP has outperformed expectations again, with robust FQ2'24 performance as its tenants' profitability continues to improve. Thanks to the expanding bottom-line and tighter share count, it is unsurprising that the cannabis REIT's AFFO per share has recorded a double-digit YoY growth. With the two presidential candidates' stances rather dovish and the Justice Department submitting the Proposed Regulation to Reschedule Marijuana, sentiments have lifted dramatically indeed.

NewLake Capital: Lock In Yields As Cannabis Federal Rescheduling Likely Near

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NewLake Capital Partners released strong Q2 results with year-over-year revenue increases, despite some declines from recent highs. The company's cash flow remains strong, with an 8% growing dividend yield and a healthy balance sheet. Future outlook remains positive, as the sale-leaseback offered by NLCP is one of the best sources of capital for the cannabis industry.

NewLake Capital Partners: Strong Dividend, Strong Relationships

News for NewLake Capital Partners, Inc. Stock (NLCP)