VideoCannabisTrade To Black

Anthony Coniglio Explains The Impact of Interest Rates on REITs

By Shadd Dales On Sep 20, 2023

We’re back with another Cannabis Exclusive on The Dales Report. In this episode, we are joined by the CEO of NewLake Capital Partners, Anthony Coniglio. NewLake Capital is a leading cannabis net lease REIT, and Anthony has been growing businesses for more than 20 years. On the table for discussion today is the impact of interest rates, dividend consistency, investment preferences, share buybacks, and growth opportunities in cannabis REITs.

Coniglio is thrilled to see some momentum building in the cannabis space. The real estate model will benefit hugely from growth that might come along with the rescheduling, as infrastructure for both dispensaries and cultivation facilities is incredibly important to cannabis producers and resellers.

NewLake Capital is a company that maintains consistent dividends through a strong portfolio, efficient expense management, and continuous growth in new projects. Coniglio walks us through real estate investment in the industry and the investing opportunities that will come with cannabis industry growth.

We break down how higher interest rates affect cap rates in the cannabis industry and why we think capital costs won’t skyrocket like in the past. Discover NewLake Capital’s investment focus on cultivation for quicker returns compared to retail and approach to share buybacks, capturing value for shareholders and overcoming technical limitations that keep stock prices low. We’ll also compare them to IPR—another cannabis-focused REIT—and examine their approaches to sale-leaseback transactions in the cannabis sector.

Investors may want to explore the growth potential within REITs, particularly in private companies acquiring distressed assets to build well-performing portfolios. There’s a lot of opportunity if the buzz in Washington begins to deliver. It’s looking as though we could be up for an interesting fall season.

Subscribe to our channel, and don’t miss out on this informative interview with Anthony Coniglio as we dive into the fascinating world of cannabis real estate!

__________

* In accordance with an executed agreement between The Dales Report and NewLake Capital, The Dales Report is engaged with the aforementioned on a 3-month contract for $7,500 per month, with the purpose of publicly disseminating information pertaining to NewLake Capital via The Dales Report’s media assets, encompassing its website, diverse social media platforms, and YouTube channel. Compensation for The Dales Report services involves the receipt of a predefined monetary consideration, which may, on certain occasions, encompass ordinary shares in instances where monetary compensation was not obtained. In such instances where share compensation was received, The Dales Report hereby asserts the right to engage in the acquisition or disposition of such shares subsequent to the conclusion of the aforementioned contractual period, in compliance with provincial, state, and federal securities regulations. Please refer to the “Disclosures” section below, which is to be interpreted in conjunction with this disclaimer.

NewLake Capital Partners

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.