---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-018395"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T21:57:18.044427+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AFC Gamma Q1 net income $10.2M ($0.53); dividend raised 10% to $0.55/share

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-22-018395
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000114036122018395/0001140361-22-018395-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000114036122018395/brhc10037370_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-018395
- JSON: https://secwatch.observer/filing/0001140361-22-018395.json
- Plain text: https://secwatch.observer/filing/0001140361-22-018395.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.