NewLake Capital Partners, Inc.

NewLake Capital Partners, Inc.verified

NLCP

Price:

$19.9

Market Cap:

$408.16M

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

Industry

REIT - Specialty

IPO Date

2021-08-20

Stock Exchange

PNK

Ticker

NLCP

The Dividend Yield as of September 2024 (TTM) for NewLake Capital Partners, Inc. (NLCP) is 8.19%

According to NewLake Capital Partners, Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 8.19%. This represents a change of 247.01% compared to the average of 2.36% of the last 4 quarters.

NewLake Capital Partners, Inc. (NLCP) Historical Dividend Yield (quarterly & annually)

How has NLCP Dividend Yield performed in the past?

The mean historical Dividend Yield of NewLake Capital Partners, Inc. over the last ten years is 4.18%. The current 8.19% Dividend Yield has changed 95.81% with respect to the historical average. Over the past ten years (40 quarters), NLCP's Dividend Yield was at its highest in in the March 2023 quarter at 3.16%. The Dividend Yield was at its lowest in in the March 2020 quarter at 0%.

Quarterly (TTM)
Annual

Average

4.18%

Median

1.90%

Minimum

0%

Maximum

9.75%

NewLake Capital Partners, Inc. (NLCP) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of NewLake Capital Partners, Inc. Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Dividend Yield = 9.75%

Minimum Annual Increase = 0%

Minimum Annual Dividend Yield = 0%

Quarterly (TTM)
Annual
YearDividend YieldChange
20239.75%15.44%
20228.45%344.81%
20211.90%133.86%
20200.81%Infinity%

NewLake Capital Partners, Inc. (NLCP) Average Dividend Yield

How has NLCP Dividend Yield performed in the past?

The current Dividend Yield of NewLake Capital Partners, Inc. (NLCP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

6.70%

5-year avg

4.18%

10-year avg

4.18%

NewLake Capital Partners, Inc. (NLCP) Dividend Yield vs. Peers

How is NLCP’s Dividend Yield compared to its peers?

NewLake Capital Partners, Inc.’s Dividend Yield is less than AFC Gamma, Inc. (17.74%), less than Alpine Income Property Trust, Inc. (6.07%), less than Chicago Atlantic Real Estate Finance, Inc. (13.47%), greater than Power REIT (0%), less than Global Medical REIT Inc. (8.33%),

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How does the current Dividend Yield for NewLake Capital Partners, Inc. (NLCP) compare to its historical average?