AFC Gamma, Inc. Announces Financial Results for First Quarter 2024
AFC Gamma, Inc. (AFCG)
Company Research
Source: GlobeNewswire
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 Paid dividend of $0.48 per common share for first quarter 2024 WEST PALM BEACH, Fla., May 09, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma” or the “Company”) today announced its results for the first quarter ended March 31, 2024. AFC Gamma reported generally accepted accounting principles (“GAAP”) net loss of $(0.1) million or $(0.01) per basic weighted average common share and Distributable Earnings of $10.0 million or $0.49 per basic weighted average common share for the first quarter of 2024. “We are pleased to have originated a total of $90.4 million of loans in the first quarter of 2024, with $34.0 million in loans to cannabis operators and $56.4 million to commercial real estate developers. On the cannabis side, we completed a $34.0 million debt investment
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AFCG
News
- AFC Gamma Announces Changes to Composition of Board of Directors Following Planned Spin-Off of Commercial Real Estate Portfolio [Yahoo! Finance]Yahoo! Finance
- AFC Gamma Announces Changes to Composition of Board of Directors Following Planned Spin-Off of Commercial Real Estate PortfolioGlobeNewswire
- AFC Gamma, Inc. (NASDAQ:AFCG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Insider Stock Buying Reaches US$2.26m On AFC Gamma [Yahoo! Finance]Yahoo! Finance
- AFC Gamma, Inc. Schedules First Quarter 2024 Earnings Conference Call for May 9, 2024GlobeNewswire
AFCG
Earnings
- 5/9/24 - Beat
AFCG
Sec Filings
- 5/20/24 - Form 8-K
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- AFCG's page on the SEC website