ATLANTA — UC Asset Limited Partnership reported $0.02 per share for the fiscal year of 2024, as disclosed in its annual filing published May 1.
UC Asset’s operating profit in 2024 mostly came from its cannabis property portfolio. According to its filing, the portfolio generated a 14.4% annualized cash return, or 10.8% over a 9-month period since the portfolio property began generating revenue.
“Based on publicly available information, we believe that our cannabis portfolio ROI was significantly higher than the industry average,” said Larry Wu, founder.”For example, Players Club Capital stated in January 2025 that ‘Cap rates for (cannabis cultivation) properties typically range from 7-10%.’ Based on their numbers, our cannabis property portfolio outperformed the industry average by almost 70%.
“We also believe that our ROI is higher than the ROI of similar portfolios held by any other public companies during the year 2024, based on our interpretation of their SEC filings,” he added.
According to the company, there are currently only three other SEC-reporting public companies that hold significant positions in cannabis properties.
“As far as we can understand, one of them has a cannabis property portfolio that doesn’t perform well. For the other two public companies, both of their cannabis property portfolio produced approximately 11-12% ROI for the year of 2024,” said Wu.
However, Wu cautioned that the company may have misinterpreted the filings of other companies, and therefore strongly recommend investors to conduct their own research on this matter.
“Furthermore, even if our portfolio did outperform our peers, there is no assurance that we will continue doing so,” added Wu.
According to the renewed lease, the company projects that it will report cash an ROI of 12.1% from its cannabis portfolio for the fiscal year 2025, 14.4% for the fiscal year 2026, and the ROI will increase to 15.1% in 2027 and 15.9% in 2029.
The company has been reporting net profits for most fiscal years since its incorporation. It also reported a net profit of $0.02 per share for the year 2023.
The company has recently announced a plan to launch a secondary public offering (SPO) via Reg A, under which the company will offer up to $10 million in preferred shares carrying a preferred dividend of 8% per annum.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies.
