NLCP - It's Not Too Late To Buy NewLake
2024-05-16 16:44:12 ET
Summary
- NewLake Capital Partners has quickly built a strong real estate portfolio of cannabis properties in its short life.
- Despite the recent rally, shares are still lower since going public and since significant growth has occurred.
- As the regulatory environment improves at the state and federal level, the current portfolio and growth opportunities are improving.
- With these tailwinds, long-term investors should still monitor how federal reforms could change the competitive landscape.
I've covered a few REITs, and one of the tougher finds in investing is a quality equity REIT trading at a discount to its intrinsic value. Many of the good ones are well known and are priced such that their returns would probably be similar to a market index at best. Others still over-leveraged during the past decade and have seen their portfolio suffer as COVID and rate hikes redefined commercial real estate. With NewLake Capital Partners ( NLCP ), however, I think we have something truly exceptional....
It's Not Too Late To Buy NewLake