NewLake Capital Partners
Publicly traded (OTC: NLCP) internally managed cannabis REIT — 34 properties (cultivation + dispensary) via sale-leaseback, ~11% dividend yield as of 2026.
About NewLake Capital Partners
NewLake Capital Partners is an internally managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases/build-to-suit funding. Its portfolio comprises 34 properties — 15 cultivation facilities and 20 dispensaries — structured as single-tenant, triple-net leases, and the company operates with minimal leverage relative to REIT peers.
Founded in 2019 and headquartered in New Canaan, Connecticut, NewLake trades over-the-counter as NLCP with a market cap of roughly $324M (August 2026) and issued a Q2 2026 common dividend of $0.43/share, reflecting a dividend yield in the low double digits.
What NewLake Capital Partners offers
- Sale-leaseback financing
- Build-to-suit development funding
- Triple-net cultivation/dispensary leasing
- Third-party property acquisition
Details
- Category
- Real Estate
- Headquarters
- New Canaan, CT
- Founded
- 2019
- Serves
- USA (multiple state-licensed cannabis markets)
- Website
- newlake.com ↗
- Status
- Unclaimed · site checked 2026-08-28 · Claim this listing
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