NewLake Capital: Getting Paid 11% To Wait For Huge Tailwinds

Impact · against what's priced in

NLCP presents a strong value case driven by high dividend coverage and reduced tenant default risk following federal rescheduling of medical cannabis. The minimal debt profile further stabilizes the outlook in a high-rate environment.

NLCP+0.60

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In context

Federal rescheduling of medical cannabis reduces financial strain on tenants, directly lowering the risk of lease payment defaults. This fundamental improvement is paired with an 11%+ dividend yield that is well-covered and a balance sheet with minimal debt and no near-term refinancing risks.

Read from the article alone

• valuation
• dividends
• NLCP
• cannabis
• reit
• rescheduling
• yield

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