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.

AFC Gamma is a real estate investment trust that issues mortgages. A key market for the REIT was the marijuana sector.

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AFC Gamma Inc. (AFCG) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

After Plunging -22.22% in 4 Weeks, Here's Why the Trend Might Reverse for AFC Gamma Inc. (AFCG)

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WEST PALM BEACH, Fla., March 20, 2023 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ( “AFC Gamma” or the “Company”) today announced that Brandon Hetzel, AFC Gamma's current Executive Vice President, Controller, has been appointed to serve as the Company's Chief Financial Officer and Treasurer. Mr. Hetzel's appointment was approved by the Company's Board of Directors on March 17, 2023.

AFC Gamma, Inc. Announces CFO Transition

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Dividend yields rise sharply when share prices fall sharply. AFC Gamma might soon see a handful of its interest-bearing loans go into default.

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The following slide deck was published by AFC Gamma, Inc. in conjunction with their 2023 Q4 earnings call.

AFC Gamma, Inc. 2023 Q4 - Results - Earnings Call Presentation

AFC Gamma, Inc. (NASDAQ:AFCG ) Q4 2022 Earnings Conference Call March 7, 2023 10:00 AM ET Company Participants Gabe Katz - Chief Legal Officer Leonard Tannenbaum - Chief Executive Officer Jonathan Kalikow - Head, Real Estate Robyn Tannenbaum - President Brett Kaufman - Chief Financial Officer Conference Call Participants Gaurav Mehta - Hutton Group Michael Elias - Cowen Operator Good day and thank you for standing by. Welcome to the AFC Gamma Fourth Quarter 2022 Earnings Call.

AFC Gamma, Inc. (AFCG) Q4 2022 Earnings Call Transcript

AFC Gamma Inc. (AFCG) delivered earnings and revenue surprises of 8.77% and 16.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

AFC Gamma Inc. (AFCG) Q4 Earnings and Revenues Beat Estimates

AFC Gamma Inc. AFCG, -0.71% shares rose 3.8% in premarket trades after the debt provider to cannabis companies posted better-than-expected distributable earnings. AFC Gamma said its fourth-quarter net income fell to $2.94 million, or 14 cents a share, from $7 million, or 43 cents a share, in the year-ago quarter.

AFC Gamma stock rises on stronger-than-expected distributable earnings

Fourth quarter GAAP net income of $2.9 million or $0.14 per basic weighted average common share and  Distributable Earnings ( 1 )   of $12.6 million or $0.62 per basic weighted average common share

AFC Gamma, Inc. Announces Financial Results for Fourth Quarter and Full Year 2022

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WEST PALM BEACH, Fla., Feb. 23, 2023 (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, 2022 on Tuesday, March 7, 2023.

AFC Gamma, Inc. Schedules Fourth Quarter and Annual 2022 Earnings Conference Call for March 7, 2023

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This article takes a look at AFC Gamma compared to two close peers which are balance sheet lenders to the cannabis industry. Legalization efforts at the state level continue to progress while federal changes remain stalled. I provide some reflections and commentary here on the state of the market overall.

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News for AFC Gamma Stock (AFCG)