NewLake Capital: Why This 12% Dividend Yield Is Safer Than It Looks

NewLake Capital offers a double-digit dividend yield, underpinned by a net cash balance sheet that reduces downside and liquidity risk. Rescheduling cannabis to Schedule III could significantly improve tenant credit quality and drive a re-rating of NLCP's valuation and yield. Despite tenant distress and sector volatility, NLCP's low leverage and long lease terms provide resilience and time to await regulatory catalysts.