Cannabis REIT NewLake: 9.3% YoY Q3 Revenue Growth Despite …

1 day ago · NewLake Q3 revenue rose 9.3% year-over-year to $12.6M, with net income increasing to $6.4M and FFO up 6.5% to $10.3M. NewLake declared a $0.43 per share …

3%
OFF

Cannabis REIT NewLake: 9.3% YoY Q3 Revenue Growth Despite …

1 week from now

1 day ago · NewLake Q3 revenue rose 9.3% year-over-year to $12.6M, with net income increasing to $6.4M and FFO up 6.5% to $10.3M. NewLake declared a $0.43 per share …

benzinga.com

3%
OFF

NewLake Capital Partners Reports Third Quarter 2024 Financial …

1 week from now

2 days ago · Third Quarter 2024 Revenue Totaled $12.6 Million, an Increase of 9.3% Year-Over-Year. Third Quarter 2024 Net Income Attributable to Common Stockholders Totaled $6.4 …

newlake.com

3%
OFF

NewLake Capital Partners Reports Strong Q3 2024 Results

1 week from now

1 day ago · The company announced its third-quarter 2024 financial results, reporting a revenue increase of 9.3% year-over-year to $12.6 million. Net income attributable to common …

businessinsider.com

3%
OFF

NewLake Capital Partners Reports Third Quarter 2024

1 week from now

3 days ago · NewLake Capital Partners Reports Third Quarter 2024 Financial Results. Third Quarter 2024 Revenue Totaled $12.6 Million, an Increase of 9.3% Year-Over-Year. Third …

morningstar.com

3%
OFF

Earnings Call: NewLake Capital Partners Reports Steady Growth In …

1 week from now

1 day ago · NewLake Capital Partners reported a 9.3% increase in total revenue, reaching $12.5 million. Net income for common shareholders stood at $6.4 million, equating to $0.31 per …

investing.com

3%
OFF

NewLake Capital Partners Reports Strong Q3 2024 Earnings

1 week from now

3 days ago · NewLake Capital Partners, a key real estate capital provider for state-licensed cannabis operators, reported robust third-quarter earnings for 2024, with a 9.3% revenue …

nasdaq.com

$0.43
OFF

NewLake Posts Higher Third-quarter Revenue, Maintains Dividend

1 week from now

2 days ago · The REIT maintained its quarterly dividend at $0.43 per share, unchanged from the previous quarter but up from $0.39 in the year-ago period. The dividend is equivalent to an …

greenmarketreport.com

$0.43
OFF

NewLake Capital Partners, Inc. (NLCP) - Stock Analysis

1 week from now

2 days ago · NewLake Capital Partners Issues Third Quarter 2024 Common Stock Dividend of $0.43 per Share. NEW CANAAN, Conn., Sept. 13, 2024 (GLOBE NEWSWIRE) -- NewLake …

stockanalysis.com

3%
OFF

NewLake Capital Q3 Revenue Grows 9.3% To $12.6M Despite …

1 week from now

2 days ago · Rhea-AI Summary. NewLake Capital Partners (NLCP) reported Q3 2024 financial results with revenue of $12.6 million, up 9.3% year-over-year. Net income attributable to …

stocktitan.net

$0.41
OFF

Rising High: Cannabis Firms Report Quarterly Earnings

1 week from now

1 day ago · IM Cannabis Corp. (IMCC) also reported Q3 earnings on Thursday with a loss per share of (C$0.41) on revenue of C$13.9M, which compared to a loss per share of (C$0.96) on …

nasdaq.com

9%
OFF

NewLake Capital Partners: A Cannabis REIT Worth Considering

1 week from now

Feb 17, 2024 · Like peer Innovative Industrial Properties, the REIT also had trouble throughout the year with rent collection from two of its tenants, causing revenue to decline by 4.9% year …

seekingalpha.com

6%
OFF

High-Yield Dividends In The Cannabis REIT Market: Why Debt-Free …

1 week from now

Jun 20, 2024 · NewLake Capital Partners NLCP has emerged as a compelling player in the cannabis REIT sector, boasting an 8.6% dividend yield - above Innovative Industrial Properties …

benzinga.com

FAQs about Cannabis REIT NewLake: 9.3% YoY Q3 Revenue Growth Despite … Coupon?

Who is Newlake Capital Partners?

NewLake Capital Partners, Inc. is a real estate investment trust providing capital to state-licensed cannabis operators through sale-leaseback transactions and property investments. The company announced its third-quarter 2024 financial results, reporting a revenue increase of 9.3% year-over-year to $12.6 million. ...

Is Newlake a good REIT?

The good thing about NewLake is that they are a triple net lease REIT, which means all the onus of responsibility falls on the tenants. Maintenance, taxes, etc. Unlike single and double net leases where the owner is responsible for some of the costs. As a REIT guy I typically only invest in NNN leases so that's a check mark for NLCP. ...

Does Newlake Capital Partners have a problem with revolutionary clinics?

And NewLake Capital Partners has been no exception with trouble over the year from tenants, including Revolutionary Clinics. Their EBIDTA coverage for properties also declined from 4.5x in Q2 to 4x in the latest quarter. Non-payments of $1.3 million from Revolutionary Clinics caused revenue to decline year-over-year by 4.9%. ...

Is Newlake capital a speculative buy?

Wall Street also seems to be in agreeance with my current rating also with a hold for NewLake Capital, likely due to the cloudy outlook on the industry. But if you want a high-yield and are a short term investor, then NewLake is a speculative buy. ...

Does Newlake Capital Partners have problems collecting rent?

Some seem to have problems collecting rent. And NewLake Capital Partners has been no exception with trouble over the year from tenants, including Revolutionary Clinics. Their EBIDTA coverage for properties also declined from 4.5x in Q2 to 4x in the latest quarter. ...

Is Newlake a good investment?

NewLake has solid dividend coverage, low debt, and is currently undervalued, making it a potential long-term investment opportunity. Like peer Innovative Industrial Properties, the REIT also had trouble throughout the year with rent collection from two of its tenants, causing revenue to decline by 4.9% year-over-year. ...