secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001822523-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182252322000016/0001822523-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182252322000016/afcg-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001822523-22-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer