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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

AFC Gamma exceeds origination targets, navigates cannabis sector challenges

AFC Gamma's strong performance, proactive capital raising, and focus on high-yield opportunities position them well in the market.
Challenges include potential regulatory hurdles and credit risk concerns, but opportunities exist in the evolving cannabis sector landscape.
Investors received a dividend of $0.33 per common share, reflecting AFC's commitment to shareholder value and financial stability.
Overall, AFC's strategic moves and financial results in Q3 2024 indicate a resilient and growth-oriented approach to the market.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

Aberdeen Income Credit Strategies Fund

Ares Commercial Real Estate

AGNC Investment

Berry Petroleum Corp.

CION Investment Corp

CVR Energy

Diana Shipping

Eagle Point Credit

Ellington Financial

Fidus Investment

Gladstone Investment

Global Net Lease

Granite Point Mortgage Trust

Invesco Mortgage Capital

KKR Real Estate Finance Trust

Medical Properties Trust

Orchid Island Capital

Oxford Lane Capital

TCP Capital

Triplepoint Venture Growth BDC

TPG RE Finance Trust

Two Harbors Investment

CVR Partners

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.

Want $4000 In Passive Income? Invest $1250 Into These 24 Dividend Stocks

Ares Capital

Alliance Resource Partners

ARMOUR Residential REIT

Avance Gas Holding Ltd

Black Stone Minerals LP

British American Tobacco

Civitas Resources

Dynex Capital

Ecopetrol

Euronav

Frontline

Fortitude Gold Corp

Horizon Technology Finance

Hercules Capital

Icahn Enterprises

Medifast

Altria

MPLX

NextEra Energy

Office Properties Income Trust

Petroleo Brasileiro

No Commission Fees, No Minimums, No Velvet Ropes.

Want $10,000 in Passive Income? Invest $2,000 in Each of These Dividend Stocks

Passive income can seem too good to be true! Money in your pocket for doing nothing?

Want $3000 in Passive Income? Invest $2000 into These 9 Dividend Stocks

WEST PALM BEACH, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that its Board of Directors has unanimously approved a plan to spin-off its commercial real estate (“CRE”) portfolio into an independent, publicly traded company that intends to elect REIT status, Sunrise Realty Trust, Inc. (“SUNS”). The spin-off will result in two pure-play debt capital providers – one focused solely on the cannabis industry and a second on CRE in the southern United States. AFC Gamma believes that the separation will allow both companies to focus on their respective portfolios, articulate their own clear investment thesis, and have the flexibility to tailor their business strategies to best capture market opportunities within their specialization. The separation is expected to be completed in mid-2024.

AFC Gamma to Separate Commercial Real Estate Lending Business into Independent Public Company

Vodafone Group

High dividend yields are often tied to companies in trouble. A dividend yield is a fraction -- and as a stock's price falls, its yield rises.

Should You Buy These 3 High-Paying Dividend Stocks in the Nasdaq?

Innovative Industrial Properties

Chicago Atlantic Real Estate Finance

Top marijuana stocks Cannabis Real Estate Investment Trusts (REITs) are gaining attention in the investment community. They offer a unique entry point into the burgeoning cannabis industry. Additionally, by focusing on the real estate aspect, they provide investors exposure without direct involvement in cultivation or sales. This week, several top Cannabis REITs are on investors' watchlists. In general, they're known for stable dividends and growth potential. Their performance is closely tied to the expanding legal cannabis market in the U.S.

Best Cannabis REITs for Investors Watchlist In 2024

Commercial Real Estate Transactions Totaling $56.4 million during January 2024 Commercial Real Estate Transactions Totaling $56.4 million during January 2024

AFC Gamma Closes Two Syndicated Commercial Real Estate Loans

Apollo Commercial Real Estate Finance

Barings BDC Inc

FS KKR Capital Corp

It specializes in: Mezzanine Leveraged buyouts Management buyouts ESOPs Change of control transactions Acquisition financings Growth financing Recapitalizations in lower-middle market, mature, and later-stage companies It invests in manufacturing and distribution, business services and technology, transportation and logistics, and consumer products and services.

6 Stocks That Pay Massive 10% and Higher Dividends

WEST PALM BEACH, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it plans to report earnings for the quarter and fiscal year ended December 31, 2023 on Thursday, March 7, 2024.

AFC Gamma, Inc. Schedules Fourth Quarter and Annual 2023 Earnings Conference Call for March 7, 2024

Easterly Government Properties

Healthcare Realty Trust Inc

Omega Healthcare Investors

Service Properties Trust

I know what it's like to own shares in a company that cuts its dividend. It's not fun. I write articles like these in order to help readers navigate away from "sucker yields" and purchase "SWANs" instead.

8 REITs That Could Cut The Cheese

Annaly Capital

The people we associate with have a significant influence on our lives and decisions. It is important to be cautious and selective when choosing business partners or investing in companies. Medical Properties Trust, Annaly Capital Management, and AFC Gamma are examples of REITs with poor management and performance.

When You Lay Down With Dogs, You Wake Up With Fleas

NewLake Capital Partners, Inc.

With 2024 underway marijuana stocks are starting to show better trading action. Even with volatility still showing there have been more signs of life for the sector. What this means is some pot stocks are showing up and down trading consistency. Which did not occur often back in 2023 it was either a downtrend or a short recovery in trading. Nevertheless, there is much speculation on what will take place this year.

Cannabis Investing: 3 Top Marijuana Stocks For 2024

AFC Gamma is currently paying out a 16% dividend yield that's 102% covered by distributable earnings. The mREIT is trading at a roughly 27% discount to its book value per share at the end of its third quarter. CECL reserves are rising and payment-in-kind income remains significant.

AFC Gamma: How Sustainable Is The 16% Dividend Yield?

Cannabis stock investors are preparing for the new year. In 2023 investors were getting more comfortable with how volatility has affected the sector. Now from 2020-2022 the way volatility hit marijuana stocks created a lot more uncertainty when trading. It seems that the way to give people more confidence to invest is to change several things. For starters, the main issue is not having better laws and regulations.

Top Marijuana Stocks To Watch As 2024 Soon Begins

With the U.S. presidential election just months away, cannabis could be a hot button issue. For one, according to a recent Gallup poll, about 70% of U.S. adults say cannabis should be legal.

3 Cannabis Stocks You'll Regret Not Buying Soon: December Edition

As we approach the end of 2023, the spotlight turns to the top Cannabis Real Estate Investment Trusts (REITs), a niche but burgeoning sector in the investment world. With long-term investing gaining momentum, these high-yielding dividend stocks are increasingly attractive. The allure lies in their stable income streams. This is particularly significant in the volatile cannabis market.

2024's High Yield Harvest: Leading Cannabis REITs for Sustained Growth

Declares $0.48 dividend per share for the quarter ending December 31, 2023 Declares $0.48 dividend per share for the quarter ending December 31, 2023

AFC Gamma Announces Fourth Quarter 2023 Dividend

Many places around the world are moving towards the legalization of cannabis for medical and recreational use. This has created opportunities for businesses to operate legally in the cannabis market. Marijuana stocks have been the more popular form of investing. Investing in a startup can be a headache and there is a lot that needs to be done to own and operate a legal cannabis business. That is why marijuana stocks are seen as the road less traveled for those who want to invest.

Cannabis Investing Today: 3 Top Marijuana Stocks For Your Watchlist

Marijuana stock investors are working on creating better trading strategies for 2024. Right now the level of volatile trading has people waiting to buy and waiting to sell. Now I know that sounds a bit cliche seeing how buying and selling is how the stock market operates. But with the current volatility, it can be tough to take profits with how long it takes to see a recovery. That is why some people who are invested in legal cannabis are trying to find a way out.

Are These Marijuana Stocks Ready To Move?

Marijuana stocks still show signs of high volatility. Many investors are working on establishing more efficient strategies to see better gains. For example, when there is a downtrend due to volatility this is when most investors see a chance to invest. The lower a stock falls the better price you can find shares. Hopefully, you find the best marijuana stocks to buy. Now just like a volatile decline, it can also create a rise in trading and this is where investors take profits.

Top Marijuana Stocks To Watch After Thanksgiving

The United States cannabis industry and top marijuana stocks are experiencing an unprecedented boom, leading to lucrative opportunities for long-term investors. In general, Cannabis Real Estate Investment Trusts (REITs) have emerged as a key player in this expanding market. These trusts, specializing in acquiring and managing properties related to cannabis operations, offer a unique blend of growth and income. They expose investors to the burgeoning cannabis sector through high dividend yields.

Cannabis Real Estate Goldmine: The Top Marijuana REITs to Consider

AFC Gamma, Inc. (NASDAQ:AFCG ) Q3 2023 Earnings Conference Call November 8, 2023 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer Leonard Tannenbaum - Chief Executive Officer Brandon Hetzel - Chief Financial Officer Robyn Tannenbaum - President Conference Call Participants Michael Elias - TD Cowen John Hecht - Jefferies Mark Smith - Lake Street Operator Good day and welcome to the AFC Gamma Q3 2023 Earnings Call. At this time, all participants are in a listen-only mode.

AFC Gamma, Inc. (AFCG) Q3 2023 Earnings Call Transcript

News for AFC Gamma Stock (AFCG)