NewLake Capital Partners, Inc. (NLCP)
NewLake Capital Partners, Inc. operates in the REIT - Specialty industry of the Real Estate sector, headquartered in New Canaan, CT, US. The stock last traded at $15.80, up 0.25% on the session, giving a market capitalisation of $325.2M. On trailing twelve-month figures it carries a trailing P/E of 13.39, a net margin of 49.4%. Its beta of 0.83 implies it has historically moved less than the broad market.
NewLake Capital Partners stands as a premier financier of real estate for businesses operating within the state-licensed cannabis sector. Established in 2019, this triple-net lease Real Estate Investment Trust (REIT) strategically secures commercial and retail assets. It accomplishes this through various avenues, including sale-leaseback arrangements, direct property acquisitions, and custom build-to-suit developments. NewLake's portfolio features properties leased to many of the most prominent players in the regulated U.S. cannabis market, positioning the company as an indispensable partner for their essential property requirements.
NewLake Capital Partners, Inc. is most often compared with the following Real Estate names: