---
schema_version: "secwatch.filing_event.v1"
accession: "0001822523-24-000015"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:51:04.112198+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AFC Gamma reports Q4 GAAP net loss of $9.2M, declares $0.48 Q1 dividend

## Summary
- Q4 2023 GAAP net loss $(9.2)M ($(0.45)/share); Distributable Earnings $10.0M ($0.49/share).
- Full year 2023 GAAP net income $21.0M ($1.02/share); Distributable Earnings $41.4M ($2.04/share).
- Board declared $0.48/share Q1 2024 dividend, payable April 15, 2024, record March 31, 2024.
- CEO states spin-off of commercial real estate portfolio complete; AFC Gamma now pure-play cannabis lender.
- 2024 Annual Shareholders Meeting set for May 23, 2024, record date March 26, 2024.

## SEC filing metadata
- accession: 0001822523-24-000015
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000015/0001822523-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000015/afcg-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822523-24-000015
- JSON: https://secwatch.observer/filing/0001822523-24-000015.json
- Plain text: https://secwatch.observer/filing/0001822523-24-000015.txt

## Key facts
- Earnings Releases
  Advanced Flower Capital Inc. reported fourth quarter and year ended December 31, 2023 results: net income GAAP net loss of $(9.2) million or $(0.45) per basic weighted average common share, EPS $(0.45) per basic weighted average common share.
  - Period: fourth quarter and year ended December 31, 2023
  - Net income: GAAP net loss of $(9.2) million or $(0.45) per basic weighted average common share
  - EPS: $(0.45) per basic weighted average common share
  - Result: reported results
  source text: AFC Gamma, Inc. issued a press release announcing its financial and operational results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000015/0001822523-24-000015-index.htm

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