AFC Gamma

AFC Gamma, Inc. provides commercial real estate finance services. It primarily engages in originating, structuring, underwriting and managing senior secured loans and other types of loans for established companies operating in the cannabis industry in states. The company was founded by Leonard Mark Tannenbaum on July 6, 2020 and is headquartered in West Palm Beach, FL.

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AFC Gamma reports solid Q4 earnings, diversifies into real estate

AFC Gamma delivered strong financial performance in Q4 2022, maintaining a robust balance sheet and prudent dividend policy.
The company's strategic shift towards non-cannabis commercial real estate financing signals a proactive approach to diversification and growth.
While facing challenges in finding suitable cannabis investments and credit risks, AFC Gamma's focus on balanced asset allocation and high yields presents opportunities for sustained success.
Investors should monitor AFC Gamma's progress in executing its new investment strategy and achieving the envisioned balance between cannabis and non-cannabis assets.

AFC Gamma reports solid Q1 earnings amidst cannabis market growth

AFC Gamma's Q1 2023 performance showcased strong distributable earnings, a conservative capital strategy, and positive market trends in key states. The company's focus on diversified revenue streams, strong balance sheet, and commitment to shareholder returns position it well for future growth. While facing industry challenges and economic uncertainties, AFC Gamma has opportunities to capitalize on market trends and expand its market presence.

AFC Gamma reports strong Q2 earnings, eyes noncannabis real estate lending

AFC Gamma delivered solid financial results, maintained a strong balance sheet, and demonstrated prudent capital deployment. Challenges with certain borrowers highlight the importance of active portfolio management and diversification. The company's focus on noncannabis real estate lending presents a promising avenue for growth.

AFC Gamma appoints new CEO, reports strong Q3 earnings

AFC Gamma's Q3 performance reflects solid distributable earnings, strategic investments in the cannabis sector, and a robust balance sheet.
The company's strengths include consistent dividend payouts, focus on quality operators, and successful CEO transition.
Challenges include market dynamics and regulatory uncertainties, while opportunities exist in leveraging the strong balance sheet and exploring growth avenues.
Overall, AFC Gamma's earnings call highlights a mix of performance, strengths, challenges, and opportunities in the evolving cannabis industry.

AFC Gamma reports strong Q4 earnings, eyes cannabis industry growth

AFC Gamma delivered strong financial performance in Q4 2023, driven by robust net interest income and distributable earnings, supported by a solid portfolio and strategic initiatives.
While facing challenges in the cannabis lending sector and asset optimization, AFC's strengths lie in its diversified loan portfolio, strategic agility, and strong balance sheet.
Opportunities exist for AFC to capitalize on the cannabis industry growth, optimize assets, and enhance risk management practices to drive sustainable long-term value creation.
Investors should note AFC's performance, strengths, challenges, and opportunities to assess the company's position in the market and potential for future growth and returns.

AFC Gamma reports robust Q1 earnings, eyes cannabis industry growth

AFC Gamma's Q1 2024 Earnings Call highlighted strong financial performance, operational efficiency, and strategic growth initiatives. While facing challenges like GAAP net loss and regulatory uncertainties, the company is well-positioned to capitalize on growth opportunities in the cannabis and real estate sectors.

AFC Gamma reports robust Q2 earnings amidst cannabis market optimism

AFC Gamma (AFCG) delivered strong financial results in Q2 2024, driven by robust performance in cannabis lending and strategic portfolio management.
While facing challenges in a dynamic industry landscape, AFC's focus on high yields and prudent risk management remains key to sustained success.
Opportunities for growth lie in market expansions and industry trends, positioning AFC to capitalize on the evolving cannabis market.

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Advanced Flower Capital, Inc. provides commercial real estate finance services. It primarily engages in originating, structuring, underwriting and managing senior secured loans and other types of loans for established companies operating in the cannabis industry in states. The company was founded by Leonard Mark Tannenbaum on July 6, 2020 and is headquartered in West Palm Beach, FL.

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Investing in cannabis Real Estate Investment Trusts (REITs) offers a lucrative opportunity as the US cannabis industry and top marijuana stocks thrive. The industry is projected to grow from $20 billion in 2020 to $100 billion by 2030. This impressive growth presents a compelling case for long-term investment in high dividend-yielding stocks. Cannabis REITs like Innovative Industrial Properties, Inc. (IIPR), NewLake Capital Partners, Inc. (NLCP), and AFC Gamma, Inc. (AFCG) are at the forefront, providing robust dividends and growth potential. Furthermore, recent headlines hint at possible federal legalization, which could significantly boost the sector's prospects. With the increasing acceptance and legalization of cannabis across states, these REITs are well-positioned for substantial returns.

Top Cannabis REITs for Long-Term Growth and High Dividends

WEST PALM BEACH, Fla., June 04, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it has successfully exited its $84.0 million loan to Subsidiary of Public Company H. This was AFC Gamma's largest loan in its portfolio and during our last earnings call, we noted that the borrower failed to make its April interest payment in May. Through active portfolio management, AFC Gamma is pleased to announce that it has sold the loan to a third-party at par plus accrued, which generated a 19.9% internal rate of return (“IRR”) over the life of the loan.

AFC Gamma Successfully Exits $84.0 Million Loan to Subsidiary of Public Company H

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WEST PALM BEACH, Fla., May 20, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ: AFCG) (“AFC Gamma”) today announced the anticipated composition of the Boards of Directors for each of AFC Gamma and Sunrise Realty Trust, Inc. (“SUNS”) following the spin-off of AFC Gamma's commercial real estate portfolio, which is currently held in its wholly-owned subsidiary, SUNS (the “Spin-Off”). The Spin-Off is expected to be completed in mid-2024, at which time SUNS will operate as a separate company that intends to elect REIT status and trade on the Nasdaq exchange.

AFC Gamma Announces Changes to Composition of Board of Directors Following Planned Spin-Off of Commercial Real Estate Portfolio

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AFC Gamma Inc. (AFCG) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.57 per share a year ago.

AFC Gamma Inc. (AFCG) Q1 Earnings and Revenues Lag Estimates

First quarter 2024 GAAP net loss of $(0.1) million or $(0.01) per basic weighted average common share and  Distributable Earnings ( 1 ) of $10.0 million or $0.49 per basic weighted average common share

AFC Gamma, Inc. Announces Financial Results for First Quarter 2024

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AFCG, AAGIY and ALEX have been added to the Zacks Rank #5 (Strong Sell) List on April 18, 2023.

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Cannabis real estate investment trusts (REIT) could see higher highs on a few key catalysts.  For one, hedge fund manager Dougie Kass of Seabreeze Capital recently said the Food and Drug Administration (FDA) would soon reschedule cannabis to a less restrictive category.

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Cannabis REITs initially experienced price gains but have since seen a decline in favor due to inflation and economic challenges.

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WEST PALM BEACH, Fla., April 10, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it plans to report earnings for the quarter ended March 31, 2024 on Thursday, May 9, 2024.

AFC Gamma, Inc. Schedules First Quarter 2024 Earnings Conference Call for May 9, 2024

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Cannabis may be one of the most controversial investments. But it may also prove to be one of the most profitable this year for related cannabis stocks.

The 3 Best Cannabis Stocks to Buy in April 2024

The U.S. cannabis industry is witnessing remarkable growth. With legalization expanding, projections are bullish. Sales may reach $30 billion by 2025. This surge underpins the potential of Cannabis Real Estate Investment Trusts (REITs). These entities own or finance income-producing real estate, specifically in the cannabis sector. They offer investors exposure to this booming market. Plus, they provide dividends from rental income. This week, certain Cannabis REITs stand out. They're noteworthy for their strategic acquisitions and robust financial health. Investors and analysts are keeping a close eye. These REITs might redefine industry benchmarks. They're becoming essential in portfolios. Their performance could signal broader industry trends.

April's Harvest: Top Cannabis REITs for Long-Term Growth

Represents AFC Gamma's Second Transaction in Florida's Growing Medical Cannabis Market Represents AFC Gamma's Second Transaction in Florida's Growing Medical Cannabis Market

AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities

AFC Gamma, Inc. (AFCG) Q4 2023 Earnings Call Transcript

AFC Gamma Inc. (AFCG) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.62 per share a year ago.

AFC Gamma Inc. (AFCG) Lags Q4 Earnings and Revenue Estimates

Fourth quarter 2023 GAAP net loss of $(9.2) million or $(0.45) per basic weighted average common share and Distributable Earnings ( 1 ) of $10.0 million or $0.49 per basic weighted average common share

AFC Gamma, Inc. Announces Financial Results for Fourth Quarter and Full Year 2023

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About the author:  Amit Nar is a stock market aficionado and would love to hear from you on X @alphaintelligence or at The Market Institution discord.

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