REIT - High-Yield Dividends In The Cannabis REIT Market: Why Debt-Free NewLake Capital Stands Out | Benzinga
NewLake Capital Partners (OTCQX: NLCP) has emerged as a compelling player in the cannabis REIT sector, boasting an 8.6% dividend yield - above Innovative Industrial Properties Inc (NYSE: IIPR)'s 7.01% but below AFC Gamma (NASDAQ: AFCG)'s 15.45%.
In a recent analysis on Seeking Alpha, Jussi Askola, CFA, examined NLCP’s strengths and prospects. Askola, president of Leonberg Capital, highlighted NLCP's unique financial health and growth trajectory, making it a standout in the current market.
Robust Financial Health And Growth Prospects
NLCP's portfolio primarily consists of net lease cannabis cultivation facilities, secured with 14-year leases and annual rent escalations nearing 3%. One of the most striking aspects of NewLake Capital Partners is its debt-free status. "The REIT has 0 debt! This is truly unique," Askola ...