AFC Gamma Inc Reports Mixed Results Amid Cannabis Industry Challenges [Yahoo! Finance]
AFC Gamma, Inc. (AFCG)
Company Research
Source: Yahoo! Finance
Distributable Earnings : Despite the net loss, the company achieved Distributable Earnings of $10.0 million or $0.49 per share in Q4. Annual Performance : For the full year 2023, AFCG posted a GAAP net income of $21.0 million or $1.02 per share, with Distributable Earnings of $41.4 million or $2.04 per share. Dividends : The company declared a dividend of $0.48 per share for Q1 2024, maintaining a consistent payout in line with Distributable Earnings. Portfolio Management : AFCG is focusing on portfolio management and lending opportunities with Cannabis 3.0 operators. Warning! GuruFocus has detected 6 Warning Signs with MEC. AFC Gamma Inc ( NASDAQ:AFCG ) released its 8-K filing on March 7, 2024, disclosing its financial results for the fourth quarter and full year ended December 31, 2023. The company, a commercial real estate finance entity specializing in loans for the cannabis industry, faced a challenging environment but managed to report solid Distributable Earnings.
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AFCG
News
- 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
- New Strong Sell Stocks for April 9th [Yahoo! Finance]Yahoo! Finance
- AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities [Yahoo! Finance]Yahoo! Finance
- AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit FacilitiesGlobeNewswire
AFCG
Earnings
- 3/7/24 - Miss
AFCG
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- AFCG's page on the SEC website