---
schema_version: "secwatch.filing_event.v1"
accession: "0001822523-24-000020"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:51:47.103514+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AFC Gamma Q1 GAAP net loss $0.1M; distributable earnings $0.49/share; dividend $0.48

## Summary
- GAAP net loss of $(0.1) million ($(0.01) per share); Distributable Earnings of $10.0M ($0.49/share).
- Originated $90.4M in loans: $34.0M to cannabis operators (Sunburn Cannabis) and $56.4M to commercial real estate.
- Paid Q1 dividend of $0.48/share on April 15, 2024; distributable earnings covered the dividend.
- CEO highlighted federal rescheduling developments and potential adult-use transitions in Ohio and Florida.

## SEC filing metadata
- accession: 0001822523-24-000020
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2024-05-09T23:59:59+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/1822523/000182252324000020/0001822523-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000020/afcg-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822523-24-000020
- JSON: https://secwatch.observer/filing/0001822523-24-000020.json
- Plain text: https://secwatch.observer/filing/0001822523-24-000020.txt

## Key facts
- Earnings Releases
  Advanced Flower Capital Inc. reported first quarter ended March 31, 2024 results: net income GAAP net loss of $(0.1) million, EPS $(0.01) per basic weighted average common share.
  - Period: first quarter ended March 31, 2024
  - Net income: GAAP net loss of $(0.1) million
  - EPS: $(0.01) per basic weighted average common share
  - Result: reported results
  source text: On May 9, 2024, AFC Gamma, Inc. issued a press release announcing its financial and operational results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000020/0001822523-24-000020-index.htm

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