---
schema_version: "secwatch.filing_event.v1"
accession: "0001822523-24-000038"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:52:20.585260+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001822523-24-000038
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000038/0001822523-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000038/afcg-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822523-24-000038
- JSON: https://secwatch.observer/filing/0001822523-24-000038.json
- Plain text: https://secwatch.observer/filing/0001822523-24-000038.txt

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