United States

AFFO (TTM)

AFFO/share (TTM)

AFFO (Quarter)

AFFO/share (Quarter)

Price per share at the end of the period divided by the last reported earnings

Price/AFFO

Size (ft²)

Occupancy

NewLake Capital Partners is a leading provider of real estate capital to state-licensed cannabis operators. Founded in 2019, we are a triple-net lease REIT that acquires industrial and retail properties through sale-leaseback transactions, third-party purchases and build-to-suit projects. Our tenants are some of the leading operators in the U.S. state-licensed cannabis industry and we are a trusted partner for their real estate needs.

NewLake Capital Partners

The main earnings metric reported by the REIT

If the REIT is managed by an internal (employees) or external (separate company) team

Period: 2023 Q1

Years since IPO: 0/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 15/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2023 Q2

Years since IPO: 0/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 15/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2023 Q3

Years since IPO: 0/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 18/20,
Dividend Growth: 15/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2023 Q4

Years since IPO: 0/15,
Adjusted FFO Growth: 13/15,
Adjusted FFO/share Growth: 18/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2024 Q1

Years since IPO: 0/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2024 Q2

Years since IPO: 0/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2024 Q3

Years since IPO: 0/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2024 Q4

Years since IPO: 0/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2025 Q1

Years since IPO: 0/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2025 Q2

Years since IPO: 0/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

The significance of a company's longevity in the market

Years since IPO

Evaluation of recent trends and improvements in the company's Adjusted FFO

Adjusted FFO Growth

Assessment of recent increases in Adjusted FFO per share, indicating profitability

Adjusted FFO/share Growth

Analysis of the recent Dividend track record

Dividend Growth

Payout level to determine if the dividend is safe

Payout Ratio

Examination of debt levels using Debt/Assets and Debt/EBITDA to ensure manageable leverage

Debt

The cannabis REIT sector continues to attract attention from income-focused investors this week. The US cannabis industry generated nearly $36 billion in legal sales in 2024. Furthermore, analysts project growth to exceed $70 billion by 2030. This expansion creates significant demand for cultivation and retail facilities. Consequently, cannabis REITs provide operators with capital while offering investors reliable income streams. Recently, federal rescheduling news has fueled optimism across the sector. The Department of Health and Human Services recommended moving cannabis to Schedule III. This shift would reduce taxes for operators and improve profitability. As a result, tenant strength may increase, enhancing REIT stability. Therefore, investors are closely monitoring these developments when evaluating opportunities.

Top Cannabis REITs to Watch This Week for Strong Dividend Income

NewLake (NLCP) Q2 Revenue Rises 3.8%

Second Quarter 2025 Revenue Totaled $12.9 Million, an Increase of 3.8% Year-Over-Year

NewLake Capital Partners Reports Second Quarter 2025 Financial Results

The U.S. cannabis industry continues its rapid expansion. In 2025, the legal market is projected to reach nearly $45 billion. Its total economic impact may exceed $120 billion by year-end. Recreational cannabis is now legal in 24 states, while medical use is permitted in 40 states. Public support for legalization remains strong, with approval ratings near all-time highs. Additionally, major beverage companies are entering the cannabis space, signaling wider mainstream acceptance. Although federal reform is still pending, investors continue to show interest. As a result, ancillary cannabis stocks are gaining momentum. These companies offer exposure without the risk of handling the plant directly. Investors can improve timing by using technical analysis. Watching key support and resistance levels is essential. Equally important is applying risk management. Always use stop-loss orders and control position sizing to protect capital.

Top REIT and Lending Cannabis Stocks to Watch in July 2025

Cannabis REITs are gaining momentum this week as investors seek dividend-paying stocks with long-term growth potential. These companies lease properties to licensed cannabis operators, generating steady income for their shareholders. As the cannabis sector matures, real estate investment trusts provide stability and consistent payouts. The U.S. cannabis market is projected to reach over $45 billion by the end of 2025. Annual growth rates continue to climb as more states expand legalization. Cannabis sales and tax revenue are also setting new records. Therefore, REITs focused on cannabis facilities offer a strong opportunity. They combine predictable rental income with exposure to a rapidly growing industry. Additionally, REITs provide a great way to build a dividend portfolio while avoiding direct exposure to plant-touching businesses. For those seeking reliable yield and capital appreciation, cannabis REITs offer a well-balanced option.

Best Cannabis REITs for July 2025: High-Yield Picks for Income Investors

Even with a current downturn in marijuana stock performance, the long-term outlook for cannabis investing remains promising. For financial investors with a patient, strategic mindset, the sector's current pullback may offer one of the most tempting buying opportunities in years. Market sentiment has been dulled by halting federal reform and overhyped early growth expectations. Along with underlying industry fundamentals continuing to improve, creating a solid foundation for future returns.

Why Marijuana Stocks Could Deliver Big Returns Despite the 2025 Market Pullback

In the U.S., the cannabis industry's growth remains strong and promising. The legal market was worth about $38.5 billion in 2024. It is forecasted to reach nearly $76.4 billion by 2030. That equates to an 11.5 percent compound annual growth rate. In addition, some forecasts see market expansion through 2029 at a whopping 37 percent CAGR. Meanwhile, federal policy remains dynamic. The DEA will have started rescheduling cannabis from Schedule I to III by late 2025. However, broader federal legalization seems delayed.

Cannabis REITs Set to Benefit From Industry Growth in 2025

SECOND QUARTER 2025 REVENUE TOTALED $12.9 MILLION, AN INCREASE OF 3.8% YEAR-OVER-YEAR

NEWLAKE CAPITAL PARTNERS REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS

NEW CANAAN, CONN., JUNE 16, 2025 (GLOBE NEWSWIRE) -- NEWLAKE CAPITAL PARTNERS, INC. (OTCQX: NLCP) (THE COMPANY OR NEWLAKE), A LEADING PROVIDER OF REAL ESTATE CAPITAL TO STATE-LICENSED CANNABIS OPERATORS, TODAY ANNOUNCED THAT ITS BOARD OF DIRECTORS HAS APPROVED ITS SECOND QUARTER 2025 CASH DIVIDEND OF $0.43 PER SHARE OF COMMON STOCK.

NEWLAKE CAPITAL PARTNERS ISSUES SECOND QUARTER 2025 COMMON STOCK DIVIDEND OF $0.43 PER SHARE

NEW CANAAN, CONN., JUNE 02, 2025 (GLOBE NEWSWIRE) -- NEWLAKE CAPITAL PARTNERS, INC. (OTCQX: NLCP) (THE COMPANY OR NEWLAKE), A LEADING PROVIDER OF REAL ESTATE CAPITAL TO STATE-LICENSED CANNABIS OPERATORS, TODAY ANNOUNCED THAT MANAGEMENT IS SCHEDULED TO PARTICIPATE AT THE FOLLOWING JUNE 2025 CONFERENCES.

NEWLAKE CAPITAL PARTNERS TO PARTICIPATE IN UPCOMING JUNE CONFERENCES

FIRST QUARTER 2025 REVENUE TOTALED $13.2 MILLION, AN INCREASE OF 4.8% YEAR-OVER-YEAR

NEWLAKE CAPITAL PARTNERS REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS

NEW CANAAN, CONN., APRIL 10, 2025 (GLOBE NEWSWIRE) -- NEWLAKE CAPITAL PARTNERS, INC. (OTCQX: NLCP) (THE COMPANY OR NEWLAKE), A LEADING PROVIDER OF REAL ESTATE CAPITAL TO STATE-LICENSED CANNABIS OPERATORS, TODAY ANNOUNCED THAT IT PLANS TO HOST A CONFERENCE CALL AND REPORT ITS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2025 ON THURSDAY, MAY 8, 2025. ADDITIONAL DETAILS ARE AVAILABLE UNDER THE INVESTOR RELATIONS SECTION OF THE COMPANY'S WEBSITE: HTTPS://IR.NEWLAKE.COM/.

NEWLAKE CAPITAL PARTNERS TO HOST FIRST QUARTER 2025 EARNINGS CALL ON MAY 8TH AT 11:00 A.M. ET

NEW CANAAN, CONN., MARCH 26, 2025 (GLOBE NEWSWIRE) -- NEWLAKE CAPITAL PARTNERS, INC. (OTCQX: NLCP) (THE COMPANY OR NEWLAKE), A LEADING PROVIDER OF REAL ESTATE CAPITAL TO STATE-LICENSED CANNABIS OPERATORS, TODAY ANNOUNCED THAT MANAGEMENT IS SCHEDULED TO PRESENT AT THE FOLLOWING APRIL 2025 INVESTOR CONFERENCES.

NEWLAKE CAPITAL PARTNERS TO PARTICIPATE IN UPCOMING APRIL CONFERENCES

NEW CANAAN, CONN., MARCH 10, 2025 (GLOBE NEWSWIRE) -- NEWLAKE CAPITAL PARTNERS, INC. (OTCQX: NLCP) (THE COMPANY OR NEWLAKE), A LEADING PROVIDER OF REAL ESTATE CAPITAL TO STATE-LICENSED CANNABIS OPERATORS, TODAY ANNOUNCED THAT ANTHONY CONIGLIO, PRESIDENT AND CEO, WILL PRESENT AT THE SIDOTI VIRTUAL INVESTOR CONFERENCE TO BE HELD MARCH 19-20, 2025.

NEWLAKE CAPITAL PARTNERS TO PRESENT AT THE SIDOTI VIRTUAL INVESTOR CONFERENCE ON MARCH 19TH AND 20TH

FOURTH QUARTER 2024 REVENUE TOTALED $12.5 MILLION FULL YEAR 2024 REVENUE TOTALED $50.1 MILLION, AN INCREASE OF 6.0% YEAR-OVER-YEAR

NEWLAKE CAPITAL PARTNERS REPORTS FOURTH QUARTER AND FULL-YEAR 2024 FINANCIAL RESULTS; DECLARED FIRST QUARTER 2025 COMMON STOCK DIVIDEND OF $0.43 PER SHARE

NEW CANAAN, CONN., FEB. 11, 2025 (GLOBE NEWSWIRE) -- NEWLAKE CAPITAL PARTNERS, INC. (OTCQX: NLCP) (THE COMPANY OR NEWLAKE), A LEADING PROVIDER OF REAL ESTATE CAPITAL TO STATE-LICENSED CANNABIS OPERATORS, TODAY ANNOUNCED THAT IT PLANS TO HOST A CONFERENCE CALL AND REPORT ITS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2024 ON THURSDAY, MARCH 6, 2025. ADDITIONAL DETAILS ARE AVAILABLE UNDER THE INVESTOR RELATIONS SECTION OF THE COMPANY'S WEBSITE: HTTPS://IR.NEWLAKE.COM/.

NEWLAKE CAPITAL PARTNERS TO HOST FOURTH QUARTER AND FULL YEAR 2024 EARNINGS CALL ON MARCH 6TH AT 11:00 A.M. ET

NEW CANAAN, CONN., JAN. 29, 2025 (GLOBE NEWSWIRE) -- NEWLAKE CAPITAL PARTNERS, INC. (OTCQX: NLCP) (THE COMPANY OR NEWLAKE), A LEADING PROVIDER OF REAL ESTATE CAPITAL TO STATE-LICENSED CANNABIS OPERATORS, TODAY ANNOUNCED THE TAX TREATMENT OF ITS COMMON STOCK DIVIDENDS DECLARED IN 2024.

NewLake Capital Partners

NLCP

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