UC Asset Reported Net Profit and Contended "Best Performing" Cannabis Property Portfolio

Rhea-AI Summary

UC Asset (OTCQB: UCASU) reported a net profit of $0.02 per share for fiscal year 2024, primarily driven by its cannabis property portfolio which generated a 14.4% annualized cash return. The company claims this ROI outperforms the industry average of 7-10% by approximately 70%. According to renewed lease projections, UC Asset expects ROI to reach 12.1% in 2025, 14.4% in 2026, increasing to 15.1% in 2027 and 15.9% in 2029. The company has announced plans for a secondary public offering (SPO) via Reg A, aiming to raise up to $10 million through preferred shares with an 8% annual dividend.

Positive

• Reported net profit of $0.02 per share for 2024
• Cannabis property portfolio generated 14.4% annualized cash return, outperforming industry average by 70%
• Projected increasing ROI from 12.1% in 2025 to 15.9% in 2029
• Consistent profitability record, with $0.02 per share profit in 2023 as well

Negative

• Planned $10 million SPO could lead to shareholder dilution
• Company acknowledges uncertainty in maintaining outperformance compared to peers
• Performance claims based on company's own interpretation of competitors' filings

ATLANTA, May 2, 2025 /PRNewswire/ -- UC Asset Limited Partnership (OTCQB: UCASU) reported $0.02 per share for the fiscal year of 2024, as disclosed in its annual filing published yesterday.

Marketing itself as "the Ultimate Cannabis Asset", UC Asset's operating profit in 2024 mostly came from its cannabis property portfolio. According to its filing, this 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," contended Larry Wu, founder of UC Asset."For example, Players Club Capital stated in January 2025 that 'Cap rates for (cannabis cultivation) properties typically range from 7-10%'  (https://www.playersclub.capital/blog/cannabis-properties-offer-investors-higher-cap-rates). 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," declared Wu.

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. For more information about UC Asset, please visit: www.ucasset.com 

Disclaimer:

This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.

For More Information Contact: IR@UCasset.com, +1 470-475-1035

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SOURCE UC Asset Limited Partnership

FAQ

What was UCASU's earnings per share for fiscal year 2024?

UC Asset (UCASU) reported earnings of $0.02 per share for fiscal year 2024.

What is the ROI of UCASU's cannabis property portfolio?

UC Asset's cannabis property portfolio generated a 14.4% annualized cash return in 2024, which the company claims outperforms the industry average of 7-10%.

What are UCASU's projected ROI rates for upcoming years?

UC Asset projects ROI of 12.1% for 2025, 14.4% for 2026, 15.1% for 2027, and 15.9% for 2029 from its cannabis portfolio.

How much is UCASU planning to raise in their secondary public offering?

UC Asset plans to raise up to $10 million through a Reg A secondary public offering, offering preferred shares with an 8% annual dividend.

How does UCASU's cannabis property portfolio performance compare to competitors?

According to UC Asset, their 14.4% ROI outperforms other public companies' cannabis property portfolios, which reportedly generated 11-12% ROI in 2024.