NLCP - NewLake Capital Partners Q2 Preview: Extremely Cheap Given Its Appreciation & Income Prospects

2024-07-20 10:00:00 ET

Summary

• NLCP's cannabis REIT prospects remain robust, despite the uncertain federal legalization process and elevated interest rate environment.
• Much of its tailwinds are attributed to the healthy balance sheet, robust profitability, and compelling dividend investment thesis, significantly aided by the recent payout hike.
• With NLCP set to report its upcoming FQ2'24 earnings call on August 8, 2024, readers may want to monitor a few metrics ahead, with these underscoring its investment thesis.
• It goes without saying that the REIT's involvement in a relatively risky cannabis sector implies that the stock may be exposed to further volatility, depending on the ongoing US election.

NLCP's Cannabis REIT Investment Thesis Remains Robust

We previously covered Innovative Industrial Properties (NYSE: IIPR ) discussing its sustainable and profitable REIT operations, despite the uncertain federal legalization process and elevated interest rate environment.

For this particular article, we will be looking at NewLake Capital Partners ( OTCQX:NLCP ) and sharing our findings about the stock, continuing the theme surrounding the cannabis REIT sector....

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