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The Price Is Right: This Weed Real Estate Stock Proves Conservative Strategies Bring Returns

Benzinga ·  Dec 10, 2024 08:30

New Lake Capital Partners(OTC:NLCP), a real estate company focused on cannabis properties, offers an attractive investment with a 9.1% dividend yield, well above the return on 10-year government bonds.

This yield, combined with a cautious approach to debt and disciplined portfolio growth, positions NLCP as an attractive alternative to other cannabis REITs likeIIPR(NYSE:IIPR) and broader industrial REITs. Trading near par value, NLCP's conservative strategy highlights its potential for stable, long-term returns, as noted byPablo ZuanicofZuanic & Associates.

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