NewLake Capital Partners Inc. (NLCP)
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NewLake Capital Partners, Inc. (NLCP) Q3 2024 Earnings Call Transcript
NewLake Capital Partners, Inc. (OTCQX:NLCP) Q3 2024 Earnings Conference Call November 14, 2024 11:00 AM ET Company Participants Valter Pinto - Managing Director-KCSA Strategic Communications Anthony Coniglio - President and Chief Executive Officer Jarrett Annenberg - Senior Vice President and Head-Investments Lisa Meyer - Chief Financial Officer Conference Call Participants Pablo Zuanic - Zuanic & Associates Operator Ladies and gentlemen, good morning, and welcome to the NewLake Capital Partners Third Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
NewLake Capital: Still A HOLD (A Balanced Overview Of Pros And Cons)
NewLake Capital Partners has been a significant winner for me, with a 54% gain, but I now rate it as a HOLD. The cannabis industry is growing, and favorable legislation could benefit NewLake, but the SAFER Banking Act poses a long-term threat. NewLake's strong financial position, no debt, and high dividends are attractive, but its valuation is no longer cheap.
3 Small Cap REITs That Are Hard To Beat
Over my 15 years on Seeking Alpha, I've identified exceptional small-cap REITs like Ladder Capital and Whitestone Realty, yielding significant returns. Alpine Income Property Trust has a strong investment-grade tenant profile, but trades discounted due to its size and short history. Rated Hold. Postal Realty Trust offers a high yield and stable cash flow from USPS properties, trading below its normal AFFO multiple. Rated Buy.
The Top 3 Dividend Stocks to Buy Now: Summer 2024
Dividend stocks are an excellent way for investors to steadily grow their portfolio, especially for the long term. Accessing dividends is vital to growing a large and diverse portfolio.
NewLake Capital: 9.3% Dividend Yield, No Net Debt, Rescheduling Catalyst
NLCP stock has continued to drive some top-line growth and generate substantial cash in spite of tough conditions in the cannabis sector. NLCP is underleveraged compared to net lease peers, with a net cash position on the balance sheet. The stock offers a 9.3% dividend yield, potential for multiple expansion, and an upcoming catalyst from cannabis rescheduling.
It's Not Too Late To Buy NewLake
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.
