Advanced Flower Capital Inc Stock Price, News & Analysis

Advanced Flower Capital (Nasdaq: AFCG) reported Q3 2025 GAAP net loss of $(12.5) million or $(0.57) per share and Distributable Earnings of $3.54 million or $0.16 per share for the quarter ended September 30, 2025.

Shareholders approved AFC’s conversion from a REIT to a BDC, which the company expects to complete in Q1 2026 subject to customary conditions and regulatory requirements. The company paid a $0.15 per share common dividend on October 15, 2025 to holders of record as of September 30, 2025.

AFC cited ongoing work to resolve nonaccrual positions, elevated credit provisions and unrealized losses while pursuing broader lending opportunities beyond cannabis real estate.

Advanced Flower Capital (Nasdaq: AFCG) announced shareholders approved proposals to convert the company from a REIT to a business development company (BDC) under the Investment Company Act of 1940. The approvals cover a new 1940 Act-compliant investment advisory agreement with AFC Management and application of reduced asset coverage requirements to align leverage with other BDCs. The vote occurred at a Special Meeting of Shareholders. The Conversion remains subject to certain board approvals and is expected to complete in Q1 2026. Upon completion the company will continue trading on Nasdaq under the ticker AFCG. AFC specializes in senior secured loans, including to cannabis operators, and is based in West Palm Beach, Florida.

Advanced Flower Capital (Nasdaq: AFCG) will release financial results for the third quarter ended September 30, 2025 on Wednesday, November 12, 2025 before market open.

Management will review results at 10:00 AM ET via a live webcast on AFC’s Investor Relations site and a conference call available by prior registration. A replay will be posted one hour after the event. Earnings releases are distributed via AFC’s website and email list; investors can sign up for email updates on the company’s Investor Relations page.

Advanced Flower Capital (Nasdaq: AFCG) has announced plans to convert from a Real Estate Investment Trust (REIT) to a Business Development Company (BDC). The company has scheduled a Special Meeting for November 6, 2025, where shareholders will vote on two key proposals: approval of a new investment advisory agreement and reduced asset coverage requirements under the Investment Company Act of 1940.

The Board unanimously recommends shareholders vote "FOR" both proposals. The strategic conversion aims to expand AFC's investment scope beyond real-estate-backed loans, enhance portfolio diversification, and support long-term value creation. Following shareholder approval, the conversion is expected to complete in Q1 2026.

Advanced Flower Capital (Nasdaq: AFCG) has declared a quarterly dividend of $0.15 per share for Q3 2025. The dividend will be paid on October 15, 2025, to shareholders of record as of September 30, 2025.

The Q3 dividend maintains the same level as the previous quarter. However, the company noted that future dividend decisions will be evaluated quarterly based on Distributable Earnings, particularly considering uncertainties around the timing and magnitude of repayments on non-accrual loans.

Advanced Flower Capital (Nasdaq: AFCG) reported Q2 2025 financial results, with a GAAP net loss of $(13.2) million ($(0.60) per share) and Distributable Earnings of $3.4 million ($0.15 per share). The company announced two major strategic shifts: its intention to convert from a mortgage REIT to a Business Development Company (BDC) and an expansion of its investment mandate to include secured loans to cannabis-ancillary companies and middle market businesses outside the cannabis industry.

The company declared a Q2 2025 dividend of $0.15 per share, paid on July 15, 2025. The proposed BDC conversion, subject to shareholder approval, aims to broaden AFC's investment opportunities beyond real estate-backed loans, leveraging the team's 30+ years of direct lending experience and $10 billion in completed direct lending transactions.

Advanced Flower Capital (Nasdaq: AFCG) has scheduled its Q2 2025 earnings release and conference call. The company will announce its financial results for the quarter ending June 30, 2025, on Thursday, August 14th, 2025, before the market opens.

Management will host a conference call to discuss the results at 10:00 am ET. Investors can access the webcast through AFC's Investor Relations website, and participants can register in advance for the conference call. A replay will be available one hour after the event.

Advanced Flower Capital (NASDAQ: AFCG) has declared a quarterly dividend of $0.15 per share for Q2 2025, payable on July 15, 2025, to shareholders of record as of June 30, 2025. The dividend amount was impacted by a realized loss from a loan to Public Company A. The Board of Directors determines the dividend level each quarter based on the Company's Distributable Earnings.

Advanced Flower Capital (AFCG) has expanded its senior secured revolving credit facility by $20 million to reach $50 million total, through an additional commitment from its Lead Arranger, an FDIC-insured bank managing over $75 billion in assets. The facility can be further expanded to $100 million, subject to lender participation and borrowing base availability. The company plans to use the facility to fund existing borrower commitments, originate new cannabis operator loans, and support working capital needs. This expansion represents a strengthening of AFC's lending platform and financing strategy.