NewLake Capital Partners: This Double-Digit Yield Cannabis REIT Is Just Getting Started

NewLake Capital Partners is reiterated as a Strong Buy, driven by robust AFFO, prudent management, and a nearly debt-free balance sheet. NLCP offers a sustainable double-digit dividend yield with an ~82.5% payout ratio, underpinned by resilient financials and long-term leases. Recent cannabis rescheduling and federal policy shifts present major catalysts for the industry, enhancing tenant stability and long-term industry prospects for NLCP.