AFC Gamma Q1 GAAP net income $10.0M ($0.49/share), declares $0.56 dividend

Advanced Flower Capital Inc.

2023-Q1 EPS reported $0.49 revenue$16,832,326

GAAP net income $10.0M ($0.49 per basic share); Distributable Earnings $11.6M ($0.57 per share).
Declared and paid Q1 dividend of $0.56 per common share on April 14, 2023.
Repurchased $10.0M principal of 2027 Senior Notes at 77.4% of par, recording ~$2.0M gain.
Appointed Brandon Hetzel as CFO and Treasurer; he previously served as EVP, Controller.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Advanced Flower Capital Inc. reported the quarter ended March 31, 2023 results: net income GAAP net income of $10.0 million or $0.49 per basic weighted average common share, EPS $0.49 per basic weighted average common share.

Period: the quarter ended March 31, 2023
Net income: GAAP net income of $10.0 million or $0.49 per basic weighted average common share
EPS: $0.49 per basic weighted average common share
Result: reported results

Exact text from the filing

On May 10, 2023, AFC Gamma, Inc. issued a press release announcing its financial and operational results for the quarter ended March 31, 2023.

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Advanced Flower Capital Inc. filing history →

Source: SEC EDGAR

accession 0001822523-23-000013

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