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.

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.

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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.

WEST PALM BEACH, Fla., July 19, 2022 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ( “AFC Gamma”) today announced that it plans to report its second quarter earnings for the quarter ended June 30, 2022 on Tuesday, August 9, 2022.

AFC Gamma, Inc. Schedules Second Quarter 2022 Earnings Conference Call for August 9, 2022

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Declares $0.56 dividend per share for the quarter ending June 30, 2022 Declares $0.56 dividend per share for the quarter ending June 30, 2022

AFC Gamma Increases Dividend For Fourth Consecutive Quarter

AFC Gamma provides loans to the top cannabis operators in the US. Federal legalization, property redundancies, and the future of AFC Gamma when legalization eventually passes.

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14.5% dividend yield with our estimated fair value at $24. Overcollateralized (1.1x principal) commercial mortgage portfolio valued at $483 million.

AFC Gamma Capitalizes On Blooming Cannabis Industry

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AFCG has sold off along with broader markets, and shares are down 25% YTD. Shares now trade right near book value, with an earnings multiple of 8x.

AFC Gamma: Still Pounding The Table On This 12.9% Yield

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Donations made to Pennsylvania Court Appointed Special Advocates Association (PA CASA), Yo Soy Ella and The Weldon Project WEST PALM BEACH, Fla., May 17, 2022 /PRNewswire/ -- AFC Foundation, a nonprofit organization that was established by the management team of the Advanced Flower Capital platform ("AFC"), seeks to collaborate with the companies that AFC works with to give back and support communities in states in which they operate.

AFC Foundation Announces Charitable Donations to Three Non-Profit Organizations

Its current dividend yield is higher than ever before.

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AFC Gamma, Inc. (NASDAQ:AFCG ) Q1 2022 Earnings Conference Call May 10, 2022 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer Leonard Tannenbaum - Chief Executive Officer Jonathan Kalikow - Head of Real Estate Robyn Tannenbaum - Head of Origination & Investor Relations Brett Kaufman - Chief Financial Officer Conference Call Participants Harrison Vivas - Cowen & Company John Hecht - Jefferies Mark Smith - Lake Street Capital Markets Operator Welcome to the AFC Gamma First Quarter 2022 Earnings Call. My name is Vanessa, and I will be your operator for today's call.

AFC Gamma, Inc. (AFCG) CEO Leonard Tannenbaum on Q1 2022 Results - Earnings Call Transcript

AFC Gamma Inc. (AFCG) delivered earnings and revenue surprises of 1.64% and 8.10%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

AFC Gamma Inc. (AFCG) Beats Q1 Earnings and Revenue Estimates

WEST PALM BEACH, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFCG” or “AFC Gamma”) today announced its results for the first quarter of 2022.

AFC Gamma, Inc. Announces Financial Results for First Quarter 2022

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News for AFC Gamma Stock (AFCG)