We have initiated coverage on Jushi Holdings Inc. (OTCQX: JUSHF, CSE: JUSH) with an initial rating of Hold. Our analysis estimates a fair value of $0.78 per share, representing a potential upside of 30%. For the fiscal year 2024, we project Jushi’s revenue to be $274.3 million and EBITDA to be $41.4 million, assuming slight […]

We are initiating research coverage on Glass House Brands (GHB) with a Hold rating. This decision is based on a comparative analysis of the company against its peers and will be revisited at the next earnings report in August. GHB, operating in California’s competitive market, has shown substantial growth, nearly doubling its stock value in […]

We are initiating coverage on TerrAscend with a “Buy” due to its strong financial performance and leading revenue growth compared to its peers. The company’s effective cost management and significant gross profit margin improvement support sustained profitability. Additionally, potential federal cannabis rescheduling could reduce tax burdens and open new market opportunities, driving future growth. Strengths […]

TDR Research is initiating coverage of Verano Holdings Corp (CBOE CA: VRNO, OTC: VRNOF) with a “Buy” rating. We have determined a fair value of $10.08, offering a potential upside of 145% from its current price of $4.05. Our estimates for 2024 include a projected revenue of $933.1 million, a gross margin percentage of 51.5%, […]

We reconfirm MariMed as a “Buy” due to its position in the fast-growing cannabis industry, which will likely benefit from favorable regulatory changes. Within this industry, MariMed stands out with a strong balance sheet and a leading track record of revenue growth. Over the last twelve months, management has reinvested heavily in the business by […]

We are launching coverage of Curaleaf Holdings (TSX:CURA, OTC:CURLF) and rate it as a “Buy” because of its strengths, particularly its strategic international expansion, outweigh its other challenges. Additionally, we believe that the catalyst of further legalization in key states and regulatory advancements in Europe will support the company’s growth. Strengths of Curaleaf Compared to […]

We are initiating coverage on Green Thumb Industries (GTI) with a “Buy” due to its strong balance sheet, consistent multi year growth, and significant spending on capital expenditures that should drive future revenue growth. Strengths of Green Thumb Industries Green Thumb Industries demonstrates solid financial health, with a current ratio of 2.40, significantly above the […]

Trulieve Cannabis Corp. operates as a multi-state cannabis retailer, cultivating, processing, and manufacturing cannabis products. The company is headquartered in Quincy, Florida, and operates in multiple states including Florida, Arizona, Georgia, Ohio, Maryland, West Virginia, Connecticut, and Pennsylvania. Trulieve’s product range includes flowers, edibles, vapes, creams, balms, lotions, vaporizers, batteries, cartridges, concentrates, topicals, capsules, syringes, […]

LTC Properties Inc. has received a “Buy” rating due to its strong financial performance and potential for returns. Our analysis shows that the company is well-positioned within its industry, based on its revenue and net income figures. Even though its revenue of $191.82 million is below the industry median of $226.97 million, LTC Properties has […]

Net Lease Office Properties has received a “Buy” rating with a one-year price target of $88.60, indicating a potential upside of 296%, a notable opportunity for growth for investors. This rating and target price are based on a detailed analysis of the company’s financial performance, covering its income statement, cash flow, balance sheet, dividend policy, […]

NETSTREIT Corp. has received a “Sell” rating with a one-year price target of $14.91, suggesting a potential decrease of -11%. This recommendation stems from a detailed analysis of the company’s financial performance, including its income statement, cash flow statement, balance sheet, ability to sustain dividends, and stock valuation. Despite certain areas where the company outperforms, […]

New York Mortgage Trust Inc. has been given a “Hold” rating, with a one-year target price of $6.75, which implies a potential 3% upside. This rating is based on a detailed evaluation of the company’s financial results compared to other companies in its sector, focusing on several crucial financial metrics. The evaluation started with an […]

One Liberty Properties Inc. has been given a “Buy” rating with a one-year target of $35.83, which suggests a potential increase of 71%. This rating reflects the company’s performance compared to its competitors and the positive outlook on its financial health and operational efficiency. The analysis starts with the company’s income statement, showing revenue of $210 […]

The financial analysis of Alexander’s Inc. shows a positive outlook, highlighted by a Buy rating. This rating is the result of detailed evaluations of various financial measures and comparisons with similar companies in the industry. The basis for this recommendation includes the company’s strong performance in revenue and net income growth, as well as cash […]

Alpine Income Property Trust, Inc. has been rated “Buy” by TDR, indicating a positive outlook on the company’s financial future. This recommendation comes with a one-year price target of $31.16, suggesting there might be a 114% increase. The evaluation draws on various financial metrics and competitor comparisons. In terms of financial performance, the company reported […]

Chimera Investment Corporation has been rated as “Buy” by TDR, with a one-year price target of $18.84, indicating a potential upside of 345%. This positive outlook stems from a detailed examination of the company’s financial health, cash flow, strength of the balance sheet, dividend potential, and the value of its shares compared to industry standards. […]

Xenia Hotels & Resorts, Inc. has been given a “Buy” rating with a one-year price target of $16.05, indicating a potential 15% return. This recommendation is based on a detailed comparison of the company’s financial performance with its competitors, covering various financial aspects such as income statements, cash flows, balance sheets, dividends, and share value. […]

Pebblebrook Hotel Trust’s investment rating has been upgraded to “Buy” with a target price of $36.06 for the next year, suggesting a potential 150% increase. This recommendation is based on a thorough analysis of the company’s financial health and its position in the industry. The company’s latest revenue figures are significantly higher than the industry […]

Whitestone REIT, receiving a “Buy” rating from TDR, offers investors a strong growth opportunity. This recommendation is based on Whitestone’s competitive performance within its challenging sector. Our analysis examines the company’s financial health, efficiency, and market position, leading to a one-year price target of $15.54, indicating a potential 39% increase. Our financial review reveals a […]

Veris Residential, Inc. has been given a “Sell” recommendation with an anticipated one-year price target of $10.25, suggesting a possible 25% decrease in value. This evaluation is based on a comprehensive review of several financial metrics in comparison to industry counterparts. Strengths are seen in the company’s ability to generate revenue and growth, yet there […]

Plymouth Industrial REIT, Inc. has received a “Buy” rating with a projected one-year price target of $28.65, suggesting a potential upside of 40%. This positive outlook is based on an analysis of the company’s financial performance compared to its industry peers, and its ability to overcome financial challenges and seize growth opportunities. The review of […]

After a detailed analysis, it is clear that Piedmont Office Realty Trust, Inc. is an attractive investment option, with a “Buy” rating and a target price of $28.97, indicating a potential 362% increase. This evaluation is based on a comprehensive financial review, comparing strengths to industry standards. The company stands out with a revenue of […]

Postal Realty Trust, Inc. has received a “Buy” rating due to its favorable performance against competitors and potential for strong returns. This evaluation is based on a detailed examination of the company’s financial health, including its income statement, cash flow statement, balance sheet, dividend performance, and share valuation. Despite having a revenue of $63.71 million, […]

Ready Capital Corporation has been rated as a “Buy,” indicating a significant investment opportunity. This rating is based on an in-depth analysis of the company’s financial health, growth prospects, and operational efficiency in relation to its competitors and industry benchmarks. The key point of our recommendation is the projected one-year price target of $12.04, which […]

Inland Real Estate Income Trust, Inc. has received a “Buy” rating from TDR, indicating a positive outlook on its future financial performance. This rating stems from a detailed examination of the company’s financial statements, comparing its revenue and cash flow against industry standards, as well as an analysis of its financial stability and dividend payouts. […]

We are initiating coverage on NewLake Capital (Ticker: NLCP) with a buy rating. New Lake Capital is a small-cap stock, that specializes in cannabis real estate and is currently traded on the OTCQX market with a stock price of around $20.28 and a market cap of approximately $409 million. As a REIT, NewLake has garnered […]

Retail Opportunity Investments Corp. has been given a “Buy” rating with a one-year target price of $19.63, suggesting a potential increase of 68%. This positive outlook is based on the company’s strong financial performance and strategic position in its sector. A detailed review of its financial statements shows that Retail Opportunity Investments Corp. has a […]

SmartStop Self Storage REIT, Inc. has received a Buy rating, with a 1-year price target of $14.03. This target suggests a 60% potential increase, based on an in-depth analysis of the company’s financials, a comparison with industry benchmarks, and an assessment of its financial strengths and weaknesses. The company’s reported revenue of $224.33 million over […]

Sila Realty Trust, Inc. has received a “Buy” rating, indicating a positive perspective on its financial health and market performance compared to its industry peers. This rating stems from an in-depth analysis of the company’s financial statements, including evaluations of its income, cash flow, balance sheet, dividend performance, and stock price. The company’s one-year price […]

Sachem Capital Corp. has received a “Buy” rating with a one-year price target of $4.43, indicating a potential 33% increase. This recommendation comes from a comprehensive financial analysis relative to its industry competitors. It considers key financial measures such as revenue and net income growth, levered free cash flow, and various indicators of financial strength […]

The company leads in market cap and revenue within the TDR Canadian Cannabis Integrated Index, showing strong market presence. However, it has average metrics in COGS/Revenue, SG&A, and D&A, indicating room for efficiency gains. Its Free Cash Flow (FCF) and Levered FCF are below peers, highlighting the need for better cash management. Poor inventory (DIO) […]

In an analysis of Auxly against 12 competitors in the TDR Canadian Cannabis Integrated Index, the company ranks last (13/13) in market cap, indicating a need for market presence improvement. It also performs below average in revenue and revenue growth, ranking 9/13 and 10/13, highlighting the necessity for enhanced growth strategies. Auxly’s operational efficiency requires […]