---
schema_version: "secwatch.filing_event.v1"
accession: "0001822523-23-000007"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:58:58.730362+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AFC Gamma reports Q4 GAAP net income $2.9M, declares $0.56 dividend; appoints Robyn Tannenbaum President

## Summary
- Q4 2022 GAAP net income $2.9M ($0.14 per basic share); Distributable Earnings $12.6M ($0.62 per share).
- Full year 2022 GAAP net income $35.9M ($1.80 per share); Distributable Earnings $49.9M ($2.51 per share).
- Declared Q1 2023 dividend of $0.56 per share, payable April 14, 2023 to holders of record March 31, 2023 (unchanged).
- Appointed Robyn Tannenbaum as President; she is spouse of CEO Leonard Tannenbaum; no salary increase in connection.
- Related-party transactions disclosed: Manager fees $3.4M base (net of $1.8M rebate) and $12.3M incentive for 2022.

## SEC filing metadata
- accession: 0001822523-23-000007
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000182252323000007/0001822523-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000182252323000007/afcg-20230307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822523-23-000007
- JSON: https://secwatch.observer/filing/0001822523-23-000007.json
- Plain text: https://secwatch.observer/filing/0001822523-23-000007.txt

## Key facts
- Earnings Releases
  Advanced Flower Capital Inc. reported the full year 2022 results: net income $35.9 million, EPS $1.80 per basic weighted average common share.
  - Period: the full year 2022
  - Net income: $35.9 million
  - EPS: $1.80 per basic weighted average common share
  - Result: reported results
  source text: The Company reported GAAP net income of $35.9 million or $1.80 per basic weighted average common share and Distributable Earnings of $49.9 million or $2.51 per basic weighted average common share for the full year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182252323000007/0001822523-23-000007-index.htm
- Earnings Releases
  Advanced Flower Capital Inc. reported the fourth quarter of 2022 results: net income $2.9 million, EPS $0.14 per basic weighted average common share.
  - Period: the fourth quarter of 2022
  - Net income: $2.9 million
  - EPS: $0.14 per basic weighted average common share
  - Result: reported results
  source text: AFC Gamma reported generally accepted accounting principles (“GAAP”) net income of $2.9 million or $0.14 per basic weighted average common share and Distributable Earnings of $12.6 million or $0.62 per basic weighted average common share for the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182252323000007/0001822523-23-000007-index.htm
- Executive change
  Robyn Tannenbaum was appointed as President at Advanced Flower Capital Inc..
  - Action: appointed
  - Role: President
  source text: On March 7, 2023, the Company announced the appointment of Robyn Tannenbaum as President of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182252323000007/0001822523-23-000007-index.htm

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