secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001822523-23-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AFC Gamma Q2 2023 GAAP net income $12.1M ($0.59/share); declares $0.48 dividend
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- GAAP net income of $12.1M, or $0.59 per basic weighted average common share.
- Distributable Earnings (non-GAAP) of $9.9M, or $0.49 per basic weighted average common share.
- Declared and paid a $0.48 per common share dividend for Q2 2023 (paid July 14).
- CEO noted a new cannabis investment into a well-capitalized operator post-quarter with ample liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000025/0001822523-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000025/afcg-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001822523-23-000025

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