earnings
confidence high
sentiment positive
materiality 0.70
AFC Gamma Q1 net income $10.2M ($0.53); dividend raised 10% to $0.55/share
Advanced Flower Capital Inc.
2022-Q1 EPS reported
$0.52
revenue$16,935,738
- Net income $10.2M ($0.53/share); distributable earnings $11.9M ($0.62/share), up 271% YoY.
- Paid $0.55/share dividend on April 15, 10% increase; Board expects at least $0.55 for 2022.
- Book value $17.04/share (+2.6%); loan commitments $482.7M with weighted avg yield ~19%.
- Raised ~$63M in follow-on equity; entered $60M senior secured revolving credit facility.
- All loans current; $154.2M in new commitments and $131.5M funded during Q1 2022.