AFC Gamma reports full-year 2021 net income of $21.0M; raises quarterly dividend 10% to $0.55

Advanced Flower Capital Inc.

Net income of $21.0M ($1.57 per basic share) and distributable earnings of $24.7M ($1.85 per share) for FY2021.
Total loan commitments $419.2M as of Dec 31, 2021, up 288% from end of 2020; all loans current and performing.
Board declares Q1 2022 dividend of $0.55/share (payable Apr 15, 2022), a 10% increase from prior quarter.
Since IPO in March 2021, AFCG distributed dividends totaling $1.67 per share, yielding 8.8% on IPO price.
Closed $341.3M of new loan commitments in 2021 and raised additional net capital of $63M via follow-on offering in Jan 2022.

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