NewLake Capital Partners: An 11% Yield With A Major Catalyst On The Horizon

NewLake Capital Partners offers an 11% yield, fully covered by AFFO, with a projected 20%-30% upside from current prices. NLCP’s unique cannabis-focused, triple-net lease model and conservative balance sheet (debt-to-EBITDA 0.2x) minimize credit risk and support dividend sustainability. The rescheduling of FDA-approved cannabis to Schedule III is a major catalyst, improving tenant credit quality and expanding NLCP’s growth pipeline. My dividend discount model values NLCP at $19.11 per share, implying a 26.82% upside and supporting a Buy rating with a solid margin of safety.