Streetbeat News

NLCP

NewLake Capital Partners Inc

https://www.greenacreagereit.com/

Industry

Lessors of Residential Buildings and Dwellings

Open

15.00

Mkt cap

307M

Volume

10K

High

15.04

P/E Ratio

11.76

52-wk high

21.46

Low

14.90

Div yield

0.11

52-wk low

14.90

California's cannabis industry faces significant challenges as small-scale farmers abandon cultivation due to wildfires, low prices, and lack of federal aid. Companies like NewLake Capital Partners, Verano Holdings, and Lowell Farms are impacted by these market dynamics.

Portfolio Pulse from Patricio Liddle

August 19, 2024 | 5:07 pm

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is outperforming its peers in the cannabis capital providers and mortgage REIT sectors due to its premium valuation, high dividend yield, and robust growth track record. REFI trades at a 3% premium to its book value and offers a 12.2% dividend yield, supported by a solid dividend coverage ratio and special cash dividends. Despite an increase in leverage, REFI maintains a conservative risk profile and a strong growth track record, making it an attractive investment.

Portfolio Pulse from Nicolás Jose Rodriguez

July 05, 2024 | 3:02 pm

New Lake Capital Partners (OTC:NLCP) has seen an 11% rise in stock price over the past 90 days due to strategic investments in cannabis-focused real estate. The company recently invested $16 million in a Connecticut property, expanding its portfolio to 31 properties valued at $385 million. Key tenants include Curaleaf, Cresco Labs, Trulieve, and others. NLCP's financial health is bolstered by a strong cash position, a recent dividend increase, and a competitive valuation compared to peers like Innovative Industrial Properties (NYSE:IIPR).

Portfolio Pulse from Nicolás Jose Rodriguez

June 21, 2024 | 1:01 pm

NewLake Capital Partners (OTCQX:NLCP) stands out in the cannabis REIT sector with an 8.6% dividend yield, robust financial health, and growth prospects. Despite market and listing challenges, NLCP's debt-free status and sustainable dividend payout ratio make it a compelling investment opportunity.

Portfolio Pulse from Javier Hasse

June 20, 2024 | 4:47 pm

The article compares the YTD stock performance of two baskets of cannabis-related stocks: top five MSOs and top five cannabis lenders. The lender group outperformed the MSO basket and the MSOS ETF. The article suggests diversification in cannabis investments, highlighting the stability of lenders and the potential upside of MSOs.

Portfolio Pulse from Viridian Capital Advisors

June 17, 2024 | 6:13 pm

The article discusses the financial performance and investment potential of cannabis-focused REITs such as Innovative Industrial Properties (IIPR), NewLake Capital Partners (NLCP), and Chicago Atlantic Real Estate Finance (REFI). These REITs are showing strong growth and high yields, yet they are undervalued compared to industry averages, suggesting potential investment opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

June 14, 2024 | 8:10 pm

The article discusses the performance of various cannabis industry subsectors following the HHS announcement on rescheduling. It highlights the stock price movements of ag-tech, cannabis lenders, hemp, and software/media sectors, mentioning specific companies like Scotts Miracle Grow, GrowGeneration, Hydrofarm, Urban Gro, IIPR, NewLake, Chicago Atlantic, AFC Gamma, Silver Spike, and Leafly. The article suggests that while plant-touching stocks have seen significant gains, ancillary sectors like lenders, ag-tech, and software/media offer attractive investment opportunities with less risk.

Portfolio Pulse from Viridian Capital Advisors

May 20, 2024 | 3:51 pm

Cannabis REIT NewLake Capital Partners Inc. (NLCP) reported a 10.4% increase in Q1 2024 revenue, reaching $12.6 million. Net income and FFO also saw year-over-year increases. The company highlighted its strategic expansion, including a $4 million acquisition of a Connecticut cultivation facility and a $12 million commitment for tenant improvements. NewLake's CEO expressed optimism about the cannabis industry's future, especially with potential marijuana rescheduling. NLCP's stock was up 0.33% at $20.35 per share.

Portfolio Pulse from Patricio Liddle

May 09, 2024 | 5:25 pm

NewLake Capital Partners, Inc. (NLCP) is investing $16M in a Connecticut marijuana cultivation facility, expanding its partnership with C3 Industries. The investment includes a $4M purchase price and a $12M construction allowance for retrofitting a former cold-storage facility. This marks the second collaboration between NewLake and C3, following a previous partnership on a Missouri cultivation facility. The new Connecticut facility aims to produce high-quality indoor cannabis and drive economic development. The investment comes amid news that the DEA may reclassify marijuana, potentially benefiting the cannabis sector.

Portfolio Pulse from Jelena Martinovic

May 08, 2024 | 8:01 pm

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is highlighted for its growth and resilience in the cannabis sector, with a bullish Overweight rating from Zuanic & Associates. The report compares REFI favorably against AFC Gamma (NASDAQ:AFCG), noting its superior loan portfolio performance and lower non-accruals. REFI's dividend is expected to increase, and its stock has shown an 11% year-on-year growth. The analysis also mentions other significant stocks in the sector, including MSOS (ETF: MSOS), IIPR (NYSE:IIPR), NLCP (OTC:NLCP), and SSIC (NASDAQ:SSIC), each offering unique investment opportunities in the cannabis market.

Portfolio Pulse from Nicolás Jose Rodriguez

April 12, 2024 | 2:00 pm

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