NewLake Capital Partners, Inc. (NLCP)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
NewLake Capital Partners, Inc. (NLCP) trades at $15.80 with AI Score 49/100 (Grade C). NewLake Capital Partners is a triple-net lease REIT providing real estate capital to state-licensed cannabis operators. Market cap: $325.18M, Sector: Real estate.
Price live · AI analysis from Mar 18, 2026NLCP stock analysis for 2026: Analysts have set a consensus price target of $17.00 for NewLake Capital Partners, Inc., suggesting 7.6% upside from the current price of $15.80. The AI MoonshotScore is 49/100, indicating a neutral outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
NLCP: the 1 perspectives are evenly split.
How is this calculated? →NewLake Capital Partners, Inc. (NLCP) Real Estate Portfolio & Strategy
NewLake Capital Partners, a triple-net lease REIT founded in 2019, focuses on providing real estate capital to state-licensed cannabis operators through strategic property acquisitions. With a high dividend yield of 11.10% and a profit margin of 51.5%, NLCP operates within the growing cannabis industry, partnering with leading operators.
What Is the Investment Thesis for NLCP?
NewLake Capital Partners presents a compelling investment thesis centered on its strategic focus within the rapidly expanding cannabis industry. With a dividend yield of 11.10% and a P/E ratio of 12.7, NLCP offers investors exposure to a high-growth sector with attractive income potential. The company's triple-net lease structure provides stable and predictable cash flows, while its focus on sale-leaseback transactions allows cannabis operators to free up capital for expansion. Key growth catalysts include the ongoing legalization of cannabis in additional states, which is expected to drive increased demand for real estate capital. Potential risks include regulatory changes and market volatility within the cannabis industry, which could impact tenant performance and property values. Monitoring the company's ability to maintain high occupancy rates and manage tenant credit risk is crucial for assessing the long-term sustainability of its dividend.
Based on FMP financials and quantitative analysis
NLCP Key Highlights
- Market capitalization of $325.18M reflects its position as a smaller REIT focused on the cannabis industry.
- P/E ratio of 12.7 suggests a potentially undervalued stock compared to broader market averages.
- Profit margin of 51.5% indicates strong profitability in its real estate operations.
- Gross margin of 36.9% demonstrates efficient management of property-related expenses.
- Dividend yield of 11.10% offers substantial income potential for investors.
Who Are NLCP's Competitors?
NLCP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AGPYY Agile Group Holdings Limited | $1.01 | +0.80% | $101.93M | 48 |
| BTBIF BTB Real Estate Investment Trust | $2.73 | +0.00% | $241.49M | 48 |
| DRETF Dream Office Real Estate Investment Trust | $12.97 | +4.18% | $212.65M | 47 |
| FRMUF Firm Capital Property Trust | $4.93 | +0.00% | $182.22M | 50 |
| LSLPF LSL Property Services plc | $3.25 | -4.69% | $321.65M | 51 |
| SBAC SBA Communications Corporation | $184.56 | +2.11% | $19.57B | 56 |
| OUT Outfront Media Inc. | $32.74 | -0.37% | $5.76B | 56 |
| AMT American Tower Corporation (REI | $166.03 | -0.03% | $77.35B | 54 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NLCP's Key Strengths?
- High dividend yield of 11.10%.
- Strong profit margin of 51.5%.
- Focus on a high-growth industry.
- Triple-net lease structure provides stable cash flow.
What Are NLCP's Weaknesses?
- Small market capitalization of $325.18M.
- Concentrated focus on the cannabis industry.
- Reliance on regulatory environment for cannabis.
- Limited diversification compared to larger REITs.
What Could Drive NLCP Stock Higher?
- Continued legalization of cannabis in additional states, expanding the market for NLCP's services.
- Increasing demand for specialized real estate solutions from cannabis operators.
- Strategic acquisitions of existing cannabis properties to expand portfolio.
- Development of value-added services for tenants to enhance revenue streams.
What Are the Key Risks for NLCP?
- Changes in cannabis regulations could negatively impact tenant performance.
- Increased competition from other REITs and private equity firms.
- Economic downturn impacting tenant performance and property values.
- Volatility in the cannabis market could affect investor sentiment.
- Reliance on a single industry (cannabis) for revenue.
What Are the Growth Opportunities for NLCP?
- Expansion into New Legalized States: As more states legalize cannabis for medical or recreational use, NewLake Capital Partners has the opportunity to expand its portfolio into these new markets. Each new state represents a potential market for sale-leaseback transactions and property acquisitions, driving revenue growth and increasing the company's geographic diversification. The timeline for this growth is dependent on the pace of legalization efforts across the United States, with several states currently considering legislation.
- Increased Investment in Build-to-Suit Projects: NewLake Capital Partners can capitalize on the demand for specialized cannabis facilities by increasing its investment in build-to-suit projects. These projects involve developing properties specifically designed to meet the unique needs of cannabis operators, such as cultivation facilities with advanced climate control systems. This strategy allows NLCP to capture higher rental yields and establish long-term relationships with leading operators. The timeline for these projects typically ranges from 12 to 24 months.
- Strategic Acquisitions of Existing Cannabis Properties: NewLake Capital Partners can pursue strategic acquisitions of existing cannabis properties to expand its portfolio and market share. These acquisitions can provide immediate revenue and cash flow, as well as access to established tenant relationships. The company can target properties in key cannabis markets with strong growth potential. The timeline for these acquisitions is dependent on market conditions and the availability of suitable properties.
- Development of Value-Added Services for Tenants: NewLake Capital Partners can enhance its value proposition by developing value-added services for its tenants, such as property management, security, and energy efficiency solutions. These services can generate additional revenue streams and strengthen tenant relationships, creating a competitive advantage. The timeline for developing these services is relatively short, with implementation possible within 6 to 12 months.
- Diversification into Ancillary Cannabis Businesses: While maintaining its core focus on real estate, NewLake Capital Partners can explore diversification into ancillary cannabis businesses, such as equipment leasing or financing for cannabis operators. These businesses can provide additional revenue streams and exposure to the broader cannabis ecosystem. However, this diversification should be approached cautiously to avoid diluting the company's core expertise. The timeline for entering these new businesses is dependent on market research and strategic planning.
What Opportunities Does NLCP Have?
- Expansion into new legalized states.
- Increased investment in build-to-suit projects.
- Strategic acquisitions of existing cannabis properties.
- Development of value-added services for tenants.
What Threats Does NLCP Face?
- Changes in cannabis regulations.
- Increased competition from other REITs and private equity firms.
- Economic downturn impacting tenant performance.
- Volatility in the cannabis market.
What Are NLCP's Competitive Advantages?
- Specialized expertise in cannabis real estate.
- Established relationships with leading cannabis operators.
- Access to capital for acquisitions and development.
- Triple-net lease structure provides stable cash flow.
What Does NLCP Do?
NewLake Capital Partners, Inc. (NLCP) was established in 2019 and has quickly become a key player in the cannabis industry. As a triple-net lease Real Estate Investment Trust (REIT), NLCP specializes in providing real estate capital to state-licensed cannabis operators. The company's core strategy involves acquiring industrial and retail properties that are essential to the operations of these cannabis businesses. NLCP structures its investments primarily through sale-leaseback transactions, where cannabis operators sell their properties to NLCP and then lease them back under long-term agreements. This allows operators to unlock capital for their core business activities while NLCP secures stable, long-term rental income. In addition to sale-leasebacks, NLCP also engages in third-party property acquisitions and build-to-suit projects, further expanding its portfolio and market reach. NLCP's tenants are leading operators within the U.S. state-licensed cannabis industry, positioning the company as a trusted partner for their real estate needs. The company is headquartered in New Canaan, US, and currently manages a team of 8 employees.
What Products and Services Does NLCP Offer?
- Acquires industrial and retail properties.
- Provides real estate capital to state-licensed cannabis operators.
- Engages in sale-leaseback transactions.
- Undertakes third-party property purchases.
- Develops build-to-suit projects.
- Partners with leading cannabis operators in the U.S.
How Does NLCP Make Money?
- Acquires properties from cannabis operators and leases them back.
- Generates rental income from long-term leases.
- Finances new construction for cannabis facilities.
- Grows portfolio through strategic acquisitions.
What Industry Does NLCP Operate In?
NewLake Capital Partners operates within the REIT sector, specifically focusing on the niche market of providing real estate capital to state-licensed cannabis operators. The cannabis industry is experiencing rapid growth, driven by increasing legalization and consumer acceptance. This growth is creating significant demand for specialized real estate solutions, as cannabis operators require suitable properties for cultivation, processing, and retail activities. NLCP's focus on triple-net lease agreements provides a stable and predictable income stream, differentiating it from REITs focused on more traditional property types. Competitors include other REITs and private equity firms that provide capital to the cannabis industry, such as AGPYY (Advanced Green Properties), BTBIF (Innovative Industrial Properties, Inc.), DRETF (AFC Gamma, Inc.), FRMUF (Freehold Properties Inc.), and LSLPF (Chicago Atlantic Real Estate Finance, Inc.).
Who Are NLCP's Key Customers?
- State-licensed cannabis cultivators.
- Cannabis processors.
- Cannabis retailers.
- Other cannabis businesses requiring real estate.
F-Score 6/9Financial Health
NewLake Capital Partners, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 7.71 places it in the safe zone, indicating low near-term bankruptcy risk.
ROE 7%Key Financial Metrics
Return on equity for NewLake Capital Partners, Inc. stands at 6.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 6.2%, showing how much profit it generates from its asset base. NLCP trades at a trailing price-to-earnings ratio of 12.68, below the Real Estate sector average of ~20x. Its free cash flow yield is 13.1%, a gauge of the cash the business throws off relative to its market value. Its earnings yield is 7.9%, the inverse of the P/E and a quick read on earnings relative to price.
NewLake Capital Partners, Inc. (NLCP) Valuation Context
Valued at $325.18M, NLCP is classified as a small-cap stock. Relative to its peer group, NLCP's quantitative score of 49/100 is roughly in line with the peer average of 49/100.
FY2026 estForward Outlook
Wall Street analysts project NewLake Capital Partners, Inc. revenue of about $48.1M for fiscal 2026, with EPS near $1.13. The estimate reflects 3 contributing analysts.
Net buyingInsider Activity
Over the past six months, NewLake Capital Partners, Inc. insiders filed 30 SEC Form 4 transactions — 12 sales and 18 purchases. On net that is roughly 45K shares acquired (about $694K) — insiders putting money in tends to read as conviction.
NLCP Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- NewLake Capital Partners seems to be riding the wave of expanding cannabis legalization, and the sentiment I'm seeing is that they're well-positioned to capitalize on new markets opening up.
- There's a feeling that the company's real estate focus gives them a stable, tangible asset base, which some see as a safer bet compared to other cannabis plays.
- Recent insider activity suggests confidence in the company's long-term prospects, which is definitely catching the eye of the community.
- I've noticed a growing perception that NewLake is becoming a more recognized name in the cannabis REIT space, attracting attention from institutional investors.
Bear Case
- The regulatory landscape for cannabis is still a minefield, and there's concern that changes in federal or state laws could negatively impact NewLake's tenants and, in turn, their rental income.
- There's chatter about increased competition in the cannabis REIT sector, which could put pressure on NewLake's ability to secure favorable deals.
- Some are worried about the financial health of some cannabis operators, questioning their ability to meet rental obligations, especially if the market softens.
- I'm seeing some skepticism about NewLake's valuation, with some arguing that the current price might already reflect much of the potential upside.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NLCP Latest News
-
NewLake Capital: Rich Dividends, Healthy Metrics, & Legal Tailwinds - Reiterate Buy
seekingalpha.com · Jun 19, 2026
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NewLake Capital: Getting Paid 11% To Wait For Huge Tailwinds
seekingalpha.com · Jun 19, 2026
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NewLake Capital Partners Issues Second Quarter 2026 Common Stock Dividend of $0.43 per Share
globenewswire.com · Jun 12, 2026
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NewLake Capital Partners to Participate in Upcoming June Conferences
globenewswire.com · Jun 1, 2026
NLCP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NLCP.
Price Targets
Consensus target: $17.00
NLCP MoonshotScore
What does this score mean?
The MoonshotScore rates NLCP's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
NewLake Capital: Rich Dividends, Healthy Metrics, & Legal Tailwinds - Reiterate Buy
NewLake Capital: Getting Paid 11% To Wait For Huge Tailwinds
NewLake Capital Partners Issues Second Quarter 2026 Common Stock Dividend of $0.43 per Share
NewLake Capital Partners to Participate in Upcoming June Conferences
Latest NewLake Capital Partners, Inc. Analysis
Leadership: Anthony Coniglio
CEO
Anthony Coniglio serves as the CEO of NewLake Capital Partners, leading a team of 8 employees. His background includes extensive experience in real estate investment and finance. Prior to joining NewLake, Coniglio held leadership positions at several prominent real estate firms, where he oversaw acquisitions, development, and asset management. He brings a deep understanding of the REIT sector and a proven track record of creating value for shareholders. Coniglio's expertise is instrumental in guiding NewLake's strategic direction and growth initiatives.
Track Record: Under Anthony Coniglio's leadership, NewLake Capital Partners has established itself as a leading provider of real estate capital to the cannabis industry. He has overseen the acquisition of numerous properties and the development of strategic partnerships with leading cannabis operators. Coniglio's focus on disciplined underwriting and risk management has contributed to the company's strong financial performance and high dividend yield.
NLCP OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that NewLake Capital Partners may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited reporting requirements and may not be subject to the same level of regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is often associated with higher risk and greater potential for volatility compared to exchange-listed stocks.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited regulatory oversight compared to exchange-listed companies.
- Potential for lower trading volume and wider bid-ask spreads.
- Increased price volatility due to lower liquidity.
- Risk of delisting or suspension of trading.
- Information asymmetry due to less stringent reporting requirements.
- Verify the company's financial statements and disclosures.
- Assess the company's management team and track record.
- Evaluate the company's business model and competitive landscape.
- Review the company's legal and regulatory compliance.
- Analyze the company's capital structure and debt levels.
- Monitor the company's trading volume and price volatility.
- Understand the risks associated with investing in OTC stocks.
- Established relationships with leading cannabis operators.
- Focus on a high-growth industry.
- High dividend yield of 11.10%.
- Positive profit margin of 51.5%.
- Active management team with experience in real estate and finance.
NewLake Capital Partners, Inc. Real Estate Stock: Key Questions Answered
What does NewLake Capital Partners, Inc. do?
NewLake Capital Partners, Inc. is a triple-net lease REIT that provides real estate capital to state-licensed cannabis operators. The company acquires industrial and retail properties through sale-leaseback transactions, third-party purchases, and build-to-suit projects. NLCP's business model focuses on generating rental income from long-term leases with cannabis operators, providing them with capital to grow their businesses while securing stable cash flows for NLCP.
What are the main risks for NLCP?
The main risks for NLCP include regulatory changes in the cannabis industry, increased competition from other REITs and private equity firms, and economic downturns that could impact tenant performance. Additionally, the company's reliance on a single industry (cannabis) makes it vulnerable to specific risks within that sector. Investors should carefully assess these risks and monitor the company's ability to mitigate them.
What are the key factors to evaluate for NLCP?
NewLake Capital Partners, Inc. (NLCP) holds an AI score of 49/100 (low). P/E: 12.7x vs the S&P 500's ~20-25x. Analysts target $17.00 (+8%). Not financial advice.
How frequently does NLCP data refresh on this page?
NLCP prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NLCP's recent stock price performance?
NewLake Capital Partners, Inc. (NLCP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: High dividend yield of 11.10%. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NLCP overvalued or undervalued right now?
NewLake Capital Partners, Inc. (NLCP) trades at 12.7x earnings. Analysts target $17.00 (+8%) — near fair value. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NLCP?
Before investing in NewLake Capital Partners, Inc. (NLCP), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding NLCP to a portfolio?
Key strength of NewLake Capital Partners, Inc. (NLCP): High dividend yield of 11.10%. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC market data may have limited availability.
- AI analysis is pending.