NLCP - Top Cannabis REIT Is Flying High: NewLake Capital Partners (SA Quant)
2024-05-01 12:59:23 ET
Summary
- Demand for warehouse storage space has created a surge in industrial real estate. Despite signs of softening, the long-term upside prospects remain positive.
- Cannabis REITs offer investors a budding business opportunity, given the cannabis market is projected to reach $75B annually by 2029.
- NewLake Capital Partners is an industrial REIT serving the cannabis industry. It is quant-rated #1 in its sector and industry, offers consistent growth, a 9.23% Dividend Yield, and tailwinds from marijuana legalization.
- Many REITs historically rise after Fed tightening cycles to outperform private real estate and equity markets and can offer steady and diversified income streams.
- NewLake Capital is a Quant Strong Buy with 31 properties nationwide that are 100% leased. The stock is up ~50% in the past year, offering 67% dividend growth since its IPO.
REITs
Real Estate Investment Trusts (REITs) have historically risen after Fed tightening cycles to outperform private real estate and equity markets. Since the first quarter of 1990 through Q2 of 2023, the average total returns of REITs have gradually increased and can offer long-term reliable capital appreciation....
Top Cannabis REIT Is Flying High: NewLake Capital Partners (SA Quant)