11.6% yield with schedule-3 tax relief supports dividend resilience.
NLCP’s 11.6% yield looks backed by resilient rent coverage plus federal cannabis tax relief via schedule 3, supporting dividend staying power.
NLCP’s tenant risk is real, but schedule 3 reclassification improves cannabis operators’ ability to claim normal deductions, strengthening operating cash flows and rent coverage. Even with some vacant cultivation facilities pressuring AFFO per share, the portfolio’s collection rate is ~100% and the dividend has been covered by growing adjusted funds from operations.
"3 Undervalued Dividend Stocks!"