Cannabis REIT

This Cannabis Lender Is Sitting On A Stack Of Capital: 100% Dividends Meet Equity-Like Returns
Chicago Atlantic Real Estate Finance's Stock Valuation & Dividend Yield Are Leaving Competitors Behind
Cannabis Property Funds Control Over $4.5B: Are Investors Missing Out On High Dividend Stocks?
Chicago Atlantic Real Estate Finance's Stock Valuation & Dividend Yield Are Leaving Competitors Behind
Cannabis Property Funds Control Over $4.5B: Are Investors Missing Out On High Dividend Stocks?
Cannabis REIT NewLake's Q1 2024 Revenue Grows 10.4% Hitting $12.6M, CEO Is Optimistic About Possible Marijuana Rescheduling
Mortgage And Property Finance Giant's $354M Portfolio: Growth Amid Cannabis Sector Volatility

Cannabis REIT Recent News

Cannabis REIT NewLake: YoY Increase In Q4 & FY 2023 Revenue Amid 'Challenging Environment,' CEO Says
Cannabis REIT NewLake Capital Partners, Inc. announced on Monday its financial results for the fourth quarter and full year ended Dec.31, The New Canaan, Connecticut-based company reported a 6.4% year-over-year increase in revenue to $13 million in the fourth quarter. Full-year revenue totaled $47.3 million, representing an increase of 5.1% year-over-year. "In 2023, we generated record revenue of $47.3 million, record AFFO of $40.7 million, and paid out $33.0 million or $1.57 per share in dividends to shareholders," Anthony Coniglio, the company's president and CEO, said. "During a very challenging environment for the cannabis industry, we were able to grow our dividend distributions by 9.0% year-over-year and for the first quarter of 2024 raised our quarterly dividend from $0.40 to $0.41 per share."
Cannabis REIT Innovative Industrial's 2023 Revenue Hits $309.5M, Up 12% From 2022
Cannabis Real Estate Investment Trust (REIT) Innovative Industrial Properties, Inc. (NYSE: IIPR) reported a 12% year-over-year increase in total revenue to $79.2 million for Q4 2023 and $309.5 million for the full year. The growth was attributed to tenant reimbursements, property acquisitions, and rental escalations. Net income for common stockholders was $41.3 million in Q4 and $164.2 million for the year. Total expenses increased to $35.2 million in Q4 and $135 million for the year. The company recorded adjusted funds from operations (AFFO) of $64.3 million in Q4 and $256.5 million for the year, representing increases of 8% and 10% respectively from the prior year. Normalized FFO was reported at $234.1 million for the year, showing a 9% increase from 2022.
Analyst Highlights Asset-Backed Cannabis Loans In Chicago Atlantic's REFI With Overweight Rating
Zuanic & Associates (Z&A) recently initiated coverage of Chicago Atlantic Real Estate Finance Inc. (NASDAQ: REFI) with an Overweight rating.  Chicago Atlantic is an externally managed commercial mortgage real estate investment trust.
Investment Potential: Financial Performance, Portfolio And Growth Of Leading Public Sale-Leaseback Stock In Cannabis
Zuanic & Associates' latest report, which initiates coverage of New Lake Capital Partners (OTC: NLCP) with an Overweight rating explains their motivation. "As of the third quarter of 2023, its net real estate assets were valued at $375 million, a significant increase from $12
Cannabis Court Update: REIT IIP Lawsuit Dismissed, Slang WW Faces Fraud Allegations In Acquisition Deal
Cannabis REIT IIP Lawsuit Dismissed By New Jersey Judge
How To Buy And Sell Distressed Assets: Find Out At The Most Important Conference For Cannabis Investors
The upcoming Benzinga Cannabis Capital Conference in Chicago on Sept. 27-28 will shed light on a transformative trend: distressed assets in the form of companies shifting from a vertical integration model to an asset-light approach.
Legal Battle Fallout: Parallel & IIP Face Dissolution As $5.8M Rent Default Leaves Distressed Assets In Balance
A Pennsylvania state court has ruled for the dissolution of Gooblend Pennsylvania LLC, a subsidiary of Parallel, a prominent cannabis operator.
Power REIT Borrows $20M From Commercial Bank To Fund New Acquisitions, Deploying Non-Dilutive Capital Strategy
Power REIT (AMEX: PW), the real estate investment trust confirmed Thursday it will borrow $20 million from a commercial federally regulated bank.  
Marijuana REIT IIP Declares Q4 Dividends Of $1.50 Per Share
Innovative Industrial Properties, Inc. (NYSE: IIPR) announced Wednesday that its board of directors has declared a fourth quarter 2021 dividend of $1.50 per share of common stock. The dividend is equivalent to an annualized dividend of $6.00 per common share.
Cannabis REIT IIP Buys 27 Properties In Colorado, Pennsylvania And North Dakota For $72.7M
Cannabis REIT Innovative Industrial Properties, Inc.
This Cannabis REIT Stock Outperformed Nvidia, Amazon, Square And Pfizer
Investors who upgraded their portfolios with cannabis-focused Real Estate Investment Trust - Innovative Industrial Properties (NYSE: IIPR) five years ago are now loving their sky-high returns. 
Cannabis REIT Chicago Atlantic Real Estate Finance Prices Its NASDAQ IPO
Cannabis-focused commercial real estate finance company Chicago Atlantic Real Estate Finance, Inc.
NewLake Capital Partners Loans $30 Million To PA Cannabis Cultivation Facility
Cannabis-focused REIT NewLake Capital Partners, Inc. (OTCQX: NLCP) announced it has provided a nine-month senior secured loan to Hero Diversified Associates, Inc. (“HDAI”), which owns a state-licensed grower and processor of medical marijuana in Pennsylvania.
Cannabis REIT IIP Reports Q3 Revenue Growth 57% YoY, 28% Higher Dividends
Cannabis-focused REIT Innovative Industrial Properties, Inc. (NYSE: IIPR) released its third-quarter earnings on Wednesday with total revenue of around $53.9 million, up by 57% year-over-year from $34.3 million.
Cannabis Mortgage REIT Pelorus Fund Raises $42.2M Via Senior Unsecured Notes, First To Receive BBB+ Rating
Pelorus Equity Group’s Pelorus Fund, a private mortgage real estate investment trust raised $42.25 million through a 7% senior unsecured notes private placement due September 30, 2026.
Innovative Industrial Properties To Invest $50M In Illinois Property Leased To 4Front Ventures Enhancing The State's Cannabis Cultivation
Cannabis-focused real estate company Innovative Industrial Properties, Inc. (NYSE: IIPR) 
Cannabis-Focused Mortgage REIT Raises $56.4M Just Months After NASDAQ Debut
Cannabis-focused commercial real estate finance company AFC Gamma, Inc. (NASDAQ: AFCG) is poised to raise $56.4 million through its underwritten public offering of 2.75 million shares of its common stock at $20.50 per share.
Cannabis REIT IIP Buys $15.6M Michigan Property From Skymint, Total Assets In State Surpass $193M
Cannabis-focused real-estate company Innovative Industrial Properties, Inc. (NYSE: IIPR) confirmed Monday it has bought a property in Windsor, Michigan for around $15.6 million. The property is located at 9410 Davis Highway.  
Cannabis REIT IIP Closes Texas Property Purchse, Expands Collaboration With Parallel
Innovative Industrial Properties Inc. (NYSE: IIPR) has purchased a Texas-based property for roughly $3.4 million.
4Front: $30M Sale-Leaseback Deal With Cannabis REIT Will Help Pay Gotham Green Debt
4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) is poised to secure some $30 million in financing through a partnership with Innovative Industrial Properties Inc. (NYSE: IIPR).
Exclusive: Cannabis Real Estate SPAC Announces $182M In Acquisitions
Subversive Real Estate Acquisition REIT LP (NEO: SVU.U) is announcing a series of acquisitions with a total valuation of $182 million.
Cannabis REIT Buys Michigan Property For $6.2M, Inks Lease Deal With Holistic
Innovative Industrial Properties, Inc. (NYSE: IIPR) has finalized the acquisition of a property in Michigan. The SanDiego cannabis REIT purchased the property — located at 29600 Stephenson Highway, north of Detroit — for $6.2 million, excluding transaction costs.
Innovative Industrial Properties Acquires Green Leaf Facilities In Pennsylvania