AFC Gamma Q2 net income $16.4M ($0.80/sh); distributable earnings $0.56/sh; dividend $0.48/sh

Advanced Flower Capital Inc.

2024-Q2 EPS reported $0.79 revenue$33,142,143

GAAP net income of $16.4M, or $0.80 per basic share, for Q2 2024.
Distributable Earnings (non-GAAP) of $11.4M, or $0.56 per basic share.
Paid regular dividend of $0.48 per common share on July 15, 2024; $9.9M total distribution.
Completed spin-off of commercial real estate portfolio on July 9, 2024, becoming pure-play cannabis lender.
On track to meet or exceed $100M origination goal for 2024; reduced reserves and increased book value.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.