AFC Gamma Q3 net income $11.5M ($0.57/share), up 45% YoY; distributable earnings $0.59/share

Advanced Flower Capital Inc.

2022-Q3 EPS reported $1.67 revenue$54,981,436

Net income $11.5M ($0.57 basic EPS), up 45% YoY; distributable earnings $11.8M ($0.59), up 64%.
Dividend $0.56/share paid Oct 14, 30% increase from Q3 2021; coverage extended for 7th consecutive quarter.
Total net interest income $18.1M, up 71% YoY; portfolio $426.2M commitments across 12 companies, all performing.
Book value $17.06/share, up 2.7% from Dec 2021; weighted avg yield to maturity ~20%.
Egan-Jones reaffirmed BBB+ investment grade; CEO cites strong balance sheet with capacity for new deals.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Advanced Flower Capital Inc. reported the third quarter of 2022 results: net income $11.5 million, EPS $0.57 per basic weighted average share of common stock.

Period: the third quarter of 2022
Net income: $11.5 million
EPS: $0.57 per basic weighted average share of common stock
Result: reported results

Exact text from the filing

Net income of $11.5 million in Q3 2022, or $0.57 per basic weighted average share of common stock

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31 earnings releases filed in the last 30 days. Browse all earnings releases →

Advanced Flower Capital Inc. filing history →

Source: SEC EDGAR

accession 0001822523-22-000016

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